WEMIX Has Surged More Than 102% in 7 Days!

We’ve seen a couple of price surges recently, but none has been as surprising as WEMIX, which has risen by 104.37% in the past 7 days. The project combines gaming and blockchain technology and has developed into an impressive ecosystem.

WEMIX isn’t a newbie in the crypto industry. It was launched in 2018 and has evolved into a platform designed to support DeFi protocols, NFTs, games, and decentralized applications (dApps). Let’s explore more about this protocol.

What is WEMIX?

WEMIX has enjoyed some success in the gaming sector and has popular games like CrypTornado, GalaxyTornado, and MIR4. The WEMIX coin powers the entire ecosystem. It is used for in-app purchases, payment purposes, DAO governance, staking, and connecting applications.

Furthermore, the USDC stablecoin backs the WEMIX coin to reduce price volatility and provide a stable ecosystem for dApps. In addition, users who stake the WEMIX coin can take part in its on-chain governance. This means they have a say in the steps the project takes.

Several companies are currently attempting to integrate blockchain technology into their operations. The gaming industry is no different. WEMIX is developing a network and services integrating blockchain technology with fundamental gaming elements.

More About WEMIX

One of the biggest problems with blockchain gaming has been the need for a more enjoyable experience. And it appears that’s what WEMIX is solving. It seeks to provide value and in-game content.

For example, it integrates blockchain technology into MMORPG dungeon hunts, farm and factory construction, blockchain fishing holes, and other activities. This differentiates them from other regular and simple games already on the market.

WEMIX also leverages NFTs to distinguish its platform. All games on the platform share a similar gamification model. This means they can share collectibles and items from different games. So, this collective sharing results in a decentralized market within the ecosystem.

The WEMIX Ecosystem

Wemix has a complete ecosystem. This includes several games that are interconnected and cooperate. The ecosystem features:

  • Wemix Play: is built to become one of the fastest and biggest play-and-earn gaming platforms.
  • Wemix: a stablecoin with 100% collateralization of on-chain and off-chain assets
  • Wemix Wallet: is the decentralized native wallet of Wemix.
  • NILE: is a DAO-powered community platform. It helps to manage projects through programmable smart contracts.

  • WemixFi: is a DeFi platform that provides services such as swaps, bridges, staking, and pools.
  • Papyrus: a communication tool that links users with similar interests based on the NFTs and tokens that they hold.

The project’s ecosystem is broad. This shows that the team is visionary and plans to build a detailed community.

The Recent Price Movement of WEMIX

As mentioned earlier, WEMIX has been in good form. The project’s token experienced a 104.37% price increase in the past 7 days. WEMIX recorded a 10.70% price increase in the last 24 hours alone.

Source: Coingecko

The WEMIX token trades at $1.06 and has a circulating supply of 317.8 million WEMIX. In addition, it has a market cap of $326.9 million.

WEMIX performed pretty well during the last bull run. It recorded its all-time high of $24.71 on November 21, 2021. This shows that the project has huge potential to replicate similar performance once there are improved market conditions.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by IQ Protocol. Copyright Altcoin Buzz Pte Ltd.


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