• WEMIX is a blockchain-based gaming ecosystem with a market capitalization of over $651 million.
• Currently trading at $2.66 per token, WEMIX is up to 19.84% in the last 24 hours and has a maximum supply of 244,969,805 coins.
• Technical analysis for WEMIX suggests that the digital asset is currently in an overbought region and will increase in value in 2023.
WEMIX: An Overview
WEMIX is the native token of the Wemix blockchain-based gaming ecosystem, which has a market capitalization of over $651 million, making it the 211th most valuable coin in the crypto space. Currently trading at $2.66 per token, WEMIX is up to 19.84% in the last 24 hours and has a maximum supply of 244,969,805 coins.
WEMIX Price Prediction: Is A New Rally Imminent?
Will the digital asset soar past its all-time high of $24.68 recorded on November 21st 2021? There are signs that the crypto market is set to enter a new bullish age and WEMIX could follow suit as it could attract much attention due to its fundamental factors – on-chain development – which frequently acts as a driving force for its growth.
As mentioned earlier, WEMIX currently stands at $2.66, with a 24-hour trading volume of slightly above $33 million and a maximum supply of 244,969,805 coins. As of press time, the WEMIX token is trading above both 200-day simple moving average (SMA) and 50-day SMA; indicating BUY signals since February 15th & January 20th 2023 respectively The relative strength index (RSI) for WEMIX currently stands at 82.84 suggesting that it is overbought while Moving Average Convergence/Divergence (MACD) indicator shows sell signal which aligns with RSI indicator indicating an overbought position for WIMEX token’s current forecast indictors suggest that this asset is suitable for investment in 2023 .
On Chain Development
Wemade Tree developed by innovative decentralized gaming company aims to provide seamless network integrating game features with blockchain technology offering experience driven services as well as real plus for developers who can leverage multi chain structure continuity enabling them create great projects without having worry about asset continuity across various networks .
In conclusion , technical analysis suggests that investing in WIMEX tokens may prove beneficial in 2023 however before investing , one should consider on chain development factors which often act as driving force behind success or failure or any crypto venture .