The circular, published in India in April 2018 and enacted in July, completely banned the service of crypto exchanges. Today, the decision of the Supreme Court of India delighted the investors of cryptocurrency and especially an altcoin.
The court announced that after the crypto money ban imposed by the Central Bank of India was unconstitutional, it would be lifted. Although this means a victory for the Indian market, it is estimated that WazirX (WRX) traders are particularly much more happy.
WazirX broke the record!
The reason for this seems to be the increase of over 70% since the news was announced by WRX. WRX traded at $ 0.076 earlier in the day, up to $ 0.1114 after the decision was announced, reaching an increase of over 70%. Considering that the highest level that WRX has reached to date is $ 0.1244, it can be considered as the record of these last months.
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WRX has almost done it today, as it is impossible for coins, which have experienced a particularly decline in the crypto market, to return to their all-time high. In addition, Binance's problem may have undermined the increase of WRX. Many of the investors of the WazirX cryptocurrency exchange bought by Binance are trading via Binance. Binance, which has been closed to transactions for a while, may have slowed the rise somehow.
As of the writing of this article, WRX has a 48% increase and is bought and sold at $ 0.106.
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