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Tag: WazirX

  • Why These Coins Are Getting So Much Interest Today? – (WRX, PYR, JOE, AMB, AGLD)

    Why These Coins Are Getting So Much Interest Today? – (WRX, PYR, JOE, AMB, AGLD)

    Even though the market has been struggling to gain momentum. There are certain coins that have worked their way up the market. With the legalization of crypto in India, we have seen a sudden boost in certain coins that have been covered. A few coins have shown strength in the market and are shown below.

    WazirX – WRX

    Good news came out of India when it was released that India is moving towards the legalization of cryptocurrency. This news is highly bullish for the overall market. It has been released that the taxes levied would be 30%. Most traders hoped that the taxes would decrease over time. This news has been highly bullish for the Indian crypto Exchange as well. The price of WRX has increased by almost 28% in the past 24 hours and we have seen it attain a new value of $1.02. The volume has also jumped by almost 1268%.

    Vulcan Forged – PYR

    PYR has been one of the top gainers on Binance. The game had a major setback a few days back when the platform got compromised. But the developers came from the top and we saw them deliver and quickly recover the damage from their own treasury. In the past 24 hours, the price has increased by almost 23.88%. The new price is almost $12.93. The volume has also increased by almost 234%.

    JOE

    JOE has been newly listed on Binance. Due to the newly created volume, the price of the coin has increased dramatically and we saw an increase of almost 23%. The new price at the time of writing is almost $1.55. With only 162M coins in circulation, JOE has definitely gained attention.

    Adventure Gold – AGLD

    Adventure Gold (AGLD) is listed on the 443rd spot on coinmarketcap. At the time of writing AGLD is being traded at the price of almost $1.12. The price has increased by almost 38% in the past 24 hours. The volume has increased by a whopping 313% in the past day alone. AGLD revealed on Twitter that “Rings for @lootproject is now open source!“ 

    Ambrosus – AMB

    AMB has been one of the top gainers on Binance thanks to a tweet “Exciting #DeFi integrations and decentralized #governance are coming to Ambrosus this year.” In the past 24 hours, the price has increased by almost 35%. At the time of writing, AMB is being traded at the price of almost $0.02462.  The volume today has increased by almost 2488% in the past 24 hours achieving a new value of $3.4M. It is listed in the 884th position.

  • Cryptocurrencies on the rise in India: Launch of NFT marketplace

    India, the second most populous country, has been fighting for cryptocurrencies. The merging market has a gigantic gross product of $2.8 trillion and has the potential to become a true economic power. Unlocking the world of cryptocurrency to the huge population will mean extraordinary things for the cryptocurrency market.

    There has been a rampant increase in the demand for cryptocurrencies in India by Twitter users with the IndiaWantsCrypto hashtag having been trending quite a few times. WazirX – India’s largest crypto trading platform – has been showing phenomenal performance which is indicative of the rise in the popularity of cryptocurrencies in the country. The platform crossed $240 million in daily trading volume which is the highest recorded by any exchange in India.

    Launch Of NFT Marketplace In India

    The development team of the largest crypto trading platform, WazirX, has announced the launch of a NFT marketplace as well.

    NFT Marketplace tweet

    The Indian government has been wary of the cryptocurrencies and heated debates have ensued on the merits of banning cryptocurrencies. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 proposed by the Reserve Bank of India extensively plans out the regulation of digital currencies while banning private coins entirely.

    Read More: Bitcoin (BTC) to overtake gold soon?

    Regulators throughout the world are confused about navigating through the tricky waters of the crypto world but seeing the interest of the masses. The growth potential of the fin-tech sector cannot be ignored by Indian regulators and, of course, the public interest.