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  Earn 12 % interest on your invested money using the 12% Club app Download app using this link in phone: https://twelveclub.onelink.me/2Cmd/a7h2f4gs In India apart from equity instruments, for relatively safe and liquid purpose instruments people prefer few of the options. This can range from: 1. Fixed deposits : Here the deposits made will get a fixed amount of return over the period or maturity. 2. Debt Instrument: These include various funds ranging from liquid funds, and short-term debt funds to risky debt funds like credit risk, corporate bonds, etc.  3. SGB Gold bonds: People put money into SGB bonds due to the expectation of growth of the price of gold over the years and also a fixed return of 2.5% per year. 4. PPF, Post office: Instruments like PPF deliver good returns over a period and also help in tax saving and  Most of these instruments are safe but have lower returns like FD, and most debt bonds, some do have slightly higher returns like PF, and pension fund but has a
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Crypto Analysis: WazirX [WRX]

1. Industry and Strength: 9/10

WazirX is India’s largest crypto exchange platform. WazirX was started in 2018 and has grown to be the most trusted exchange in the Indian crypto market. It is a part of Binance group, which is the world’s largest crypto exchange, serving users in 180+ countries.

Binance and WazirX have recently announced a $50 million Blockchain India Fund in alignment with its vision of making crypto accessible to India.

With a volume of $5.4+ billion per month, and growing at an exponential pace.

WazirX is seeing a steep rise in the number of new users as well as trading activity. WazirX has registered users of around 6 million.


wazirx


2. Tokenomics: 6/10

WRX has a total supply of 900 million coins and currently has a circulating supply of 1/3 of its total supply. 

It is currently ranked 173 in coin market cap with a market cap of $756 M on Jan 2022. It is listed and can be bought on various major exchanges of India and the World like Wazirx, and Binance in terms of WRX/USDT, WRX/INR, WRX/BTC, etc. 

WRX is trading around $0.8 with a high of $6 and a low of $0.09.

The team has been working continuously to make India adapt to Crypto and update the work and you can find them on social media such as Twitter, telegram, etc.

3. Competitive Strength: 8/10

So now you got information about Wazirx, let's look out who are their competitors.

Wazirx is an exchange platform that has immense competition in both Indian exchanges and international exchanges.

Indian exchanges include Coindcx, Coin switch, Vauld, and others.

International exchanges include Binance, Crypto.com, FTX, Coinbase, etc.

Although most Indian users use Indian exchanges for ease of transfer and trade in INR pairs and thus Wazirx has been one of the leading exchanges in India with stunning growth of 1700%+ over 2020.

They have also had new signup from all cities across India including Tier-2, and Tier-3.

Wazirx a part of Binance, has an easy integration to transfer some of the cryptos free of cost to the Binance wallet.

Also, there is the option of deposit of INR through Net banking, Wallet, and P2P trades. UPI option is also enabled sometimes while there partnership with Indian banks.

Wazirx also has WRX-based pairs like BTC/WRX which allows users to have 50% in trading fees if traded with WRX pairs.

4. Market cap & Opportunity: 8/10

So if WRX token has to gain the market cap of top Crypto exchange industries, currently with a Mcap of $756 million in comparison to  Binance's market cap of 63+ billion it has high room for growth if India adapts to Crypto like it is internationally.

If things go right for WRX and can gain market from others, WRX has a lot of room to grow and can be a multi-bagger, but there is also a high risk since its token has a relatively small market cap and uncertainty about crypto legality in India.

5. Social Media & Team: 8/10

WazirX team can be found on social media like Twitter, Telegram, and other social media with 1000s of followers and has a good community to discuss and share ideas and feedback.

WRX has partnerships with many other blockchain-based protocols.

Investment Hacks Score Card: 

The average score of WRX based on all factors comes to be 7.8/10.

Conclusion:

WRX is on the right way to bringing a revolution to the crypto industry in India, The transaction is going with high volumes and adaptability is also been going fast in both the Urban and rural parts of India. If the crypto bill is passed and crypto becomes a legal tender in India with tax implications all the Indian exchanges along with Wazirx can see a huge potential to grow.

But there is always a risk involved due to the volatility of the token and future uncertainty since this is a new industry like every other token in crypto.

Investors must closely watch the progress and since this is an educated opinion, please consult your advisor or analyze your risk. The price of a coin also depends on how much market it can gain and the dilution of the coin. 

Investors should only allocate their money which they can afford to lose, on small alts since the whole crypto industry is volatile even the blue chips like Bitcoin and Eth. 

Disclaimer:

All Images used belong to the creator and are used only for fair educational purposes. The credits are given below every image.

Since this is an educated opinion, Please research thoroughly or consult your financial advisor before Investment.

Hope you found this analysis useful. please share this with others if you found this useful. Please wait for other stocks/crypto analyses which will be available soon!.

Happy Investing!.

Team Investment Hacks

 

 

 

 

 

 

 

 

 

 


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