⇓ Attack, Recovery and Potential - A Tale of WRX Coin
The recent events impacting the WRX coin depict a scenario of confluence; crisis, recovery, and predictions creating significant market ripples....
In a series of important developments, WazirX, India's leading cryptocurrency exchange platform, has experienced a turbulent phase. It began with a significant security breach and a sizable hack draining $235M, causing WRX Coin value to plunge by 15%. The aftermath included price falls for SHIB and WRX, with Bitcoin and Tether trading at a massive discount.
Despite the controversy, WRX Coin remains bullish, indicating robustness amid challenges. The WazirX CEO teased the launch of Pi42 Exchange's native crypto, sparking curiosity among investors and users. Scheduled maintenance on June 5th will further strengthen the exchange's security and functionality.
Looking at the future, price predictions anticipate an explosion for WRX price between 2024 and 2030. Furthermore, the WRX token has seen a tremendous 250% value increase, reaching an all-time high. Its potential to have a 100x investment surge in 2023 indicates great investment opportunities.
However, Binance's ownership over the WRX token stirs up debates and concerns. Notably, the Indian tax authority recovered $6.62M from WazirX for evading tax on commissions, and the company is currently under the examination for the evasion of Rs 40 Crore GST. In response to trading drops and losses of WRX token's sheen, Wazirx compensates affected users and plans to convert crypto dust to WRX.
WRX Coin News Analytics from Mon, 29 Mar 2010 07:00:00 GMT to Wed, 21 Aug 2024 07:00:00 GMT - Rating 0 - Innovation 5 - Information 7 - Rumor -4