Introduction to Wrapped AVAX (WAVAX)
Wrapped AVAX (WAVAX) is a cryptocurrency token pegged to AVAX, the native token of the Avalanche blockchain. Today's WAVAX price is $18.24**, reflecting a **-4.06% change** over the past 24 hours. With a trading volume of **$288,229, WAVAX remains a actively traded asset.
👉 Explore WAVAX trading opportunities
Key Price Data
| Metric | Value | Change (%) |
|---|---|---|
| Current Price | $18.24 | -4.06% |
| 24h High/Low | $18.87 / $17.94 | -1.72% |
| 30-Day Range | $14.80–$22.67 | -19.53% (from peak) |
| All-Time High | $61.32 | -70.26% |
Wrapped AVAX Price Charts
Track WAVAX performance across different timeframes:
- 1 Day
- 7 Days
- 1 Month
- 1 Year
- All Time
Comparative Performance
| VS | 1h | 24h | 7d | 1m | 1y |
|---|---|---|---|---|---|
| USD | ±0.00% | -4.06% | +5.60% | -13.47% | -33.54% |
| BTC | -2.62% | -3.18% | +3.70% | -16.39% | -63.02% |
| ETH | -1.91% | -2.23% | -0.26% | -10.95% | -13.28% |
WAVAX Market Analysis
As a wrapped token, WAVAX mirrors AVAX's value, enabling cross-chain interoperability. Key insights:
- Liquidity: Traded on 1 major exchange.
- Volatility: 30-day volatility at 41.65%.
- ROI: Negative trends over 6 months (-56.73%) and 12 months (-29.05%).
👉 Learn how wrapped tokens work
Technical Indicators
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 55.13 | Neutral |
| SMA (50) | 20.25 | Sell |
| EMA (200) | 23.69 | Sell |
| Williams %R (14) | -26.17 | Neutral |
FAQs About Wrapped AVAX (WAVAX)
1. What is Wrapped AVAX used for?
WAVAX facilitates AVAX usage on non-Avalanche blockchains (e.g., Ethereum) in DeFi protocols like lending and trading.
2. How does WAVAX maintain its peg to AVAX?
Through smart contracts that lock/unlock AVAX when WAVAX is minted/burned, ensuring 1:1 value parity.
3. Where can I trade WAVAX?
Currently available on select exchanges—check platforms supporting Avalanche-based assets.
4. Why has WAVAX price dropped recently?
Market-wide crypto downturns and reduced demand for wrapped assets contribute to declines.
5. Is WAVAX a good investment?
High volatility and dependency on AVAX’s performance make it speculative. Diversify portfolios cautiously.
Data updated as of latest market conditions. For real-time tracking, consult reliable crypto analytics tools.