WAX Cryptocurrency Overview
WAX, a prominent cryptocurrency, has recently been in the spotlight due to its market performance and valuation. As of August 22, 2025, the close price of WAX stands at $0.0214077. This figure is part of a broader trend observed over the past year, where WAX experienced significant fluctuations in its market value.
Market Performance
Throughout 2024 and into 2025, WAX reached its 52-week high on December 3, 2024, at $0.0713965. This peak reflects a period of heightened investor interest and market optimism. However, the cryptocurrency also faced challenges, hitting a 52-week low on April 6, 2025, at $0.0168038. These fluctuations highlight the volatile nature of the cryptocurrency market and the varying factors influencing WAX’s valuation.
Current Market Cap
As of the latest data, WAX holds a market capitalization of approximately $94,279,902.78. This valuation is a critical indicator of the cryptocurrency’s overall market presence and investor confidence. The market cap is derived from the current price multiplied by the total supply of WAX in circulation, providing a snapshot of its economic footprint within the broader cryptocurrency ecosystem.
Conclusion
WAX continues to be a significant player in the cryptocurrency market, with its performance closely watched by investors and analysts. The recent price movements and market cap reflect both the opportunities and challenges inherent in the cryptocurrency space. As the market evolves, WAX’s future trajectory will likely be influenced by broader economic trends, technological advancements, and regulatory developments.