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WAVES increases in price due to NFT adoption and smart contracts

WAVES

TL;DR Breakdown

• The token is trading today at $32.53.
• WAVES is ranked 48th among the most traded tokens on CoinMarketCap.

WAVES is back in one of the top positions in the crypto market after overcoming losses in the previous weeks. The native cryptocurrency registered an increase in its value that exceeds 11.72 percent in the last 24 hours.

Everything indicates that the token is in its bullish stage, motivated by the indices shown by the leading cryptocurrencies such as Bitcoin and Ethereum. This could mean that this crypto is prepared for a new adoptions wave that will help improve its value.

Analysis about the WAVES token

WAVES

WAVES price today is at $32.32 after reaching its highest price of $34.56 in the last 24 hours. CoinMarketCap experts calculate that the token has improved in value to over 17 percent in the last week. It is a great advance if you consider the ATH of $41.33 on the 4th of April.

After this dominant figure, WAVES value surpasses $3,407,838,096 in less than seven days. According to CoinMarketCap, the token would rank 48th among the most traded cryptocurrencies within the platform. The token would be below QNT and above GRT, which has also had a significant streak due to its price rise.

According to the crypto fans’ opinions, the crypto would be going through a massive investment stage that everyone should take advantage of. But other decentralized trading enthusiasts might say that the token is going through a bubble in its value and that at some point, it could burst.

DApps cause increase in price

It is uncertain why WAVES increases in value because, like many cryptocurrencies, everything is speculative. However, the finance protocol Vires finance took this price peak as its own after revealing that the token would be discussed at the TGE event on October 19. Several token enthusiasts will enter the event that will grant rewards and other news from next Tuesday.

The WAVES rise could also be anchored to the announcements of Brightside Academy who formed a link with the Dapps protocol. This society was formed to grant rewards for the users of the Blockchain Waves Enterprise.

The royalty plan includes cryptos from the academy that will serve to incentivize professionals in childcare. These tokens can reportedly be used at retailers such as Amazon or exchanged for gift cards.

As the last possible boost for WAVES, the game NFT Waves Ducks recently accepted the use of the token within its platform. According to the protocol manager, in-game NFT transactions have exceeded $127,000 in less than 24 hours. WAVES will continue to increase in value in the coming days to bring many profits to its investors.

Carisbel Guaramato

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

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