WXT Profile

WXT
 Crypto
  

USD 0.0043  0.000028  0.66%   

Market Performance
0 of 100
Odds Of Distress
Less than 50
WXT is trading at 0.004271 as of the 26th of November 2022, a 0.66 percent increase since the beginning of the trading day. WXT has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for WXT are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2022 and ending today, the 26th of November 2022. Click here to learn more.
WXT is peer-to-peer digital currency powered by the Blockchain technology. More on WXT
WXT is an online market maker for p-to-p digital money denominated as Cryptocurrency. WXT has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as WXT are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as WXT are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

WXT Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. WXT's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding WXT or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
WXT generated a negative expected return over the last 90 days
WXT has some characteristics of a very speculative cryptocurrency
WXT is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. The Wirex Token (WXT) is a unique multi-blockchain cryptocurrency that powers the X-tras rewards program. WXT is built on both the Stellar Network and Ethereum blockchain for maximum speed, efficiency and flexibility.WXT has been chosen as the native token for revenue generation within the Nereus protocol. Staking WXT with Nereus will enable users to receive 50% of all revenue generated through lending within the protocol. As a mechanism to incentivise participation, WXT rewards will be received by both lenders and borrowers. Rewards may be redeemed immediately for a penalty, or after a three-month lock up. Those wishing to immediately redeem the reward will pay a 50% penalty, which will be cycled back to the users opting for the three-month lock up. This method incentivises users to hold WXT within the protocol with continuous rewards for doing so. There are two mechanisms for receiving rewards; staking WXT to receive protocol fees, and locking WXT to benefit from the ‘exit’ fees of those taking rewards immediately.
IndustryFinancial and Insurance Activities
FINMAUtility
FCAUtility
AccessPermissioned
Collateralized AssetNo
SymbolWXT
RatingD+
Technology Adoption RatingD+
Market Performance RatingD+
NameWXT
Sponsoredfalse
Built OnXLM,ETH
AlgorithmMultiple
Is Tradingtrue
Asset Launch Date2019-05-27
Full NameWXT (WXT)
Asset Website Urlhttps://wirexapp.com
Asset Token StatusFinished
Platform Typetoken
Coin NameWXT
Total Coins Mined10 Billion
Smart Contract AddressView
WXT (WXT) is traded on CRYPTO Exchanges. WXT is peer-to-peer digital currency powered by the Blockchain technology.

WXT's Exchanges and Markets

Kucoin Exmo

WXT Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. WXT market risk premium is the additional return an investor will receive from holding WXT long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in WXT. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although WXT's alpha and beta are two of the key measurements used to evaluate WXT's performance over the market, the standard measures of volatility play an important role as well.

WXT Technical Analysis

When it comes to investing in cryptocurrency, such as WXT, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of WXT, which is currently traded at 0.004271, shows everything you need to know about WXT market value. You don't have to consider the fundamental factors that affect a crypto asset, such as WXT, to determine its price movements. However, the WXT's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so WXT's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project WXT's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Cosine Of WXT Price Series is a trigonometric function that describes price patterns.
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WXT Against Markets

Picking the right benchmark for WXT crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in WXT crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for WXT is critical whether you are bullish or bearish towards WXT at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in WXT without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in WXT

You need to understand the risk of getting into digital currencies such as WXT before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in WXT in four ways:

Buy WXT through an exchange

Get yourself a crypto wallet before embarking on your WXT journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase WXT. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of WXT through an exchange

You don't have to buy a full token when starting out since WXT is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade WXT through a broker

If you don't want to store your WXT Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in WXT through an exchange-traded fund (ETF)

You can also invest in WXT through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having WXT in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Check out Your Current Watchlist. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Other Tools for WXT Crypto Coin

When running WXT price analysis, check to measure WXT's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy WXT is operating at the current time. Most of WXT's value examination focuses on studying past and present price actions to predict the probability of WXT's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move WXT's coin price. Additionally, you may evaluate how adding WXT to your portfolios can decrease your overall portfolio volatility.
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