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WRX rises by 185% in 24 hours and crossed $6 today , what was the reason for this rise ?

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@theindiantrader
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Wazirx is a Indian exchange that has partnerships with world largest Exchange Binance.

Wrx is the first cryto currency of India and it has come out to a successful cryto currency for sure.

Wrx was trading at $0.2 in the month of February and today it crosssed $6+ to set a new all time high. the currency has gained quite alot in very less amount of time.

Currently the coin is trading at $4+ as you can can see in the chart below taken from Binance Exchange App.

We can see that the currency reached as high as $6.66 but currently it is at $4+.

The reason behind this rise is pretty straight forward and that's the support by the Indian government towards the Blockchain technology and Cryto currencies.

Earlier there was headlines that said about Crypto currencies ll be banned in India but in one of the recent Interview of India's Finance Minister she cleared that India won't ban cryto currency.

And since then the price has been rising continuously. I don't know how long this ll last but yes those who have wrx are surely earning good profits.

I too was having 4000 wrx coins but unfortunately i sold then few months back this year itself.

Anyways , predicting the future of the coin i think it is really difficult to predict the price of the coin for future.

The price first needs to get stabilize at somewhere. i can't see it stable at the moment so i think i would not suggest anyone to invest despite the fact that it is rising continuously.

Rest it is up to the readers. I would end my post here and take a leave now.

Happy Trading Everyone

Posted Using LeoFinance Beta