Cryptocurrency Q&A
What is the maximum supply of WAX token?
What is the maximum supply of WAX token?
CryptoKing
Mon Jul 22 2024
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7 answers
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Could you elaborate on the maximum supply of the WAX token? As a cryptocurrency enthusiast, I'm particularly interested in understanding the tokenomics behind this digital asset. Is there a set limit to the number of WAX tokens that will ever be created? Or is the supply meant to be indefinite? Understanding the maximum supply can help investors and traders assess the long-term value and potential of WAX, as it can indicate how scarce or abundant the token may become over time. Could you provide any further details or insights into this aspect of the WAX ecosystem?
7 answers
EnchantedNebula
Wed Jul 24 2024
Contrastingly, on the same day, WAXP also hit a 24-hour low of $0.04871726. This fluctuation highlights the volatile nature of the cryptocurrency market and the importance of strategic investment decisions.
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Riccardo
Wed Jul 24 2024
The circulating supply of WAXP stands at 3.45 billion coins. This significant amount indicates the widespread availability and acceptance of WAXP in the digital economy.
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FantasylitElation
Wed Jul 24 2024
However, there is a ceiling to the total supply of WAXP, which is capped at 3.77 billion coins. This limited supply is a contributing factor to the potential value appreciation of WAXP.
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CryptoAlchemy
Wed Jul 24 2024
Currently, WAXP ranks 315th in terms of market capitalization. This positioning provides insights into its relative strength and popularity among the vast array of cryptocurrencies.
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Ilaria
Wed Jul 24 2024
WAXP, in the past 24 hours, has experienced a decline of 0.87%. This slight drop in value reflects the dynamic nature of the cryptocurrency market.
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