WAX is a purpose-built NFT blockchain designed to provide brands with all the tools necessary to launch a NFT collection and make e-commerce transactions faste and more secure for all parties involved.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for WAXP on Dec. 4, prior to the recent price rise.

VORTECS™ Score (green) vs. WAXP price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for WAX spiked into the green zone on Dec. 4 and reached a high of 81 around 40 hours before the price increased 84.8% over the next two days.

The spike in momentum for WAXP comes as it was announced that Amazon had entered the WAX ecosystem after making an investment in the collectible marketplace Dibbs while it was also announced that three leading toy companies, Funko, Mattel and Hasbro, have partnered with WAX for “Sellout Collections.”