WEMIX (WEMIX) is known as the native token in the WEMIX platform, the blockchain-based ecosystem for the games developed by Wemade Tree, a subsidiary of the South Korea-based company Wemade.
In this article, we will look at what WEMIX is, what the WEMIX token is all about, how to buy it, Where to buy it, and the price predictions relating to the WEMIX token.
What Is WEMIX?
According to the data published on their website, WEMIX boasts itself as the world’s largest blockchain game platform.
The website is currently said to have over 586,789 active users enjoying gaming on WEMIX PLAY, the game hosting section on their website.
The WEMIX system is powered by an Ethereum Virtual Machine (EVM) compatible open-source protocol, making utilization of a stake-based proof of Authority (SPoA) consensus mechanism.
The WEMIX website works by offering an ecosystem to host blockchain games and facilitates the issuance and swapping of game tokens, providing more stability to the gaming economy.
In the next section, we will look at some of the functionalities of the WEMIX token and how it works along with the WEMIX ecosystem.
What Is A WEMIX (WEMIX) Token?
WEMIX token functions as the native token of the WEMIX ecosystem. It is the basic utility token that can be used as a medium of exchange in the platform.
In the following paragraph, we will look at the market standings and use cases of the token.
A basic overview of the current state of the WEMIX token in the market is given in the table below.
| Name of the token | Wemix |
| Token Marker | WEMIX |
| Current Price | $1.23 |
| Price Change | -9.54% |
| Market Cap | $502,484,645 |
| Volume (24h) | $14,292,558 |
The WEMIX coins are backed by a number of stablecoins including USDC Which helps to avoid price instabilities and increase the stability of the ecosystem for DApps.
The coin allows a person to become the authority member of the WEMIX ecosystem by Staking up WEMIX coins and participating in its on-chain governance.
The WEMIX ecosystem currently comprises about 10 official WEMIX platforms and around 41 Games, Decentralized Finance, NFT, and other projects.
Now let’s look at some of the places you can get WIMEX tokens from and the ways to purchase them.
Where To Buy WIMEX Tokens?
WIMEX token is listed on popular exchanges like HTX (Huobi), gate.io, Bybit, KuCoin, Coinone, MEXC, etc., and is trading on 20 crypto exchanges across 22 different trading pairs.
How To Buy A WIMEX Token?
These are the steps to follow to buy the WIMEX (WIMEX) token:
- Set up a cryptocurrency wallet: Choose a cryptocurrency wallet of your choice that you find to be trustworthy and suitable for your needs. Out of all the wallets available to choose from Trust Wallet is by far seen as the most integrated of them all, so it is among the top recommendations.
- Set up an account in any of the platforms trading with any of the 20 Cryptocurrency exchanges offering the WIMEX (WIMEX) token.
- Navigate to the WIMEX (WIMEX) token and place the order based on the amount of token required and fixing on the coin you want to exchange to complete the transaction.
- After completing the buy order check for the token to be reflected in your account.
- The token can be either kept in the exchange or transferred to a personal wallet like “Trust Wallet”.
These are the few steps a buyer must follow to buy the WIMEX (WIMEX) token
In the coming section, we will look at the market analysis and price predictions for the WIMEX (WIMEX) coin.
WEMIX Token Market analysis and price prediction 2024 – 2030
The table below shows the speculated Lowest, Average, and Highest prices for the coin from the years starting from 2024 and ending in 2031.
| Date | Lowest Price | Average Price | Highest Price |
| 2024 | $1.20 | $1.34 | $1.41 |
| 2025 | $1.40 | $1.52 | $1.63 |
| 2026 | $1.75 | $1.98 | $2.21 |
| 2027 | $2.09 | $2.44 | $2.79 |
| 2028 | $2.44 | $2.90 | $3.37 |
| 2031 | $3.48 | $4.29 | $5.10 |
The current market trends of the coin put it at a current value of $1.23, which indicates a drastic decrease in the price from its overall high of $24.71.
Compared to the all-time high price of the coin the current value is about 96.30% lower from the previous high.
However, on the bright side, the coin is still a long way from its all-time low of $0.1284 as recorded on Jun 22, 2021.
The WIMEX token is currently underperforming the global cryptocurrency market which is down by 3.20% while simultaneously outperforming when compared to similar Play to Earn coins which currently are down by 20.70%.
The Future predictions of the coin seem to indicate a stable increase in growth at about a conservative pace yet the market predictions don’t seem to be all that optimistic about the coin regaining its lost value from the previous all-time high.
The current market sentiment is more leaning towards the bearish side while the Fear and Greed index stands at 74 indicating a Greed sentiment from the part of the investors.
Over the last 30 days, the coin has only recorded 10 green days and a price volatility of 10.01%.
The token forecast by most analysts is not too optimistic as of now about the buying prospects of the coin as of right now.
The reasons for this could be largely due to the major bearish sentiment towards the coin marking it at 83% leaning towards the bearish phase and 25 of the market indicators showing bearish signals with only 5 technical indicators showing bullish signs.
Final Thoughts
From the analysis of the current price of the coin and its overall prospects, it is clear that the WIMEX token is currently facing the worst side of the market.
A catalyst to turn the whole price into a positive state has to be expected to happen within the WIMEX ecosystem. This might be one thing that could assure the coin of its price recovery in the following months or years.
