The Waves blockchain was initially designed to facilitate the transfer of fiat currency and cryptocurrency and to optimize asset tokenization. Users could deposit numerous cryptocurrencies and fiat currencies using the Waves Platform through external “gateway” service providers.
These assets could then be sent through the Waves platform as tokens and then withdrawn back into their original fiat or crypto form through a gateway. All of this can be accessed by downloading the Waves extension on your browser.
Today’s live Waves price is $4.42, with a 24-hour trading volume of $85,708,647. Waves has been up 2.56% in the last 24 hours. The current CoinMarketCap ranking is #75, with a live market cap of $483,093,661. It has a circulating supply of 109,268,080 WAVES coins, and the max. supply is not available.
Recent Waves developments
A month ago, 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. Bruited as the embodiment of tech freedom for blockchain-based finance, Waves technology might as well be the tool for massive adoption. Let’s see why that’s possible.
What is the Waves crypto?
The Waves crypto blockchain is a source for users to create and then launch their custom crypto tokens. What makes Waves stand apart from other such platforms is that it doesn’t require lengthy smart contract programming. Users can easily and freely trade the tokens they create over the blockchain. Each user has scripts that manage and create each user’s tokens and keep them safe from cyber hacks.
The main aim of the Waves team was to create a platform that develops new tokens, as well as the mechanism to regulate them, in a way that is as simple as launching any other web application. Crypto jargon and understanding its mechanics can be quite a complicated feat for some but the Waves team has made it a point to simplify the process as much as possible.
The assets that are created and designed over the Waves blockchain are then subject to the built-in Waves Exchange. The Waves Exchange helps set the path for the tokens created over the Waves blockchain itself as well as other tokens of WAVES.
Waves Crypto Overview
How was Waves developed?
The Waves blockchain was developed back in 2016 by a Russian entrepreneur by the name of Sasha Ivanov. The founder wanted to develop a platform that simplified the crypto token process for users and gave them the autonomy to create their tokens with ease.
At the same time as developing Waves, Sasha developed the Waves Platform AG which is a non-profit company to drive and fund the blockchain. Operating from Moscow Russia, the Waves Platform has been the backbone of its domain blockchain network.
Back in 2016, right after the creation of the Waves cryptocurrency, the initial coin offering for WAVES was initiated. The process raised around $22 million in a short span of time. After the success of the coin offering, by the last quarter of 2016, WAVES cryptocurrency became fully functional.
How Waves blockchain operates
The background mechanics of the Waves blockchain aren’t too dramatic or complex. The software essentially uses two different types of nodes to run the system. The two nodes are full nodes and lightweight nodes.
The full nodes of the software are responsible for putting together and saving the history of the transactions. The lightweight nodes on the other hand are dependent on the full nodes for each transaction confirmation. The lightweight nodes also keep track of the one-on-one interactions between users across the network.
Alongside the system of nodes, Waves operates on the basis of a combination of POS and LPoS. Proof of Stake (POS) and Leased Proof of Stake (LPoS) work in sync to keep the network stable and to make it run smoothly.
Where to buy WAVES
Waves can be bought in certain crypto exchanges but not in Coinbase. Cryptocurrencies not available for trading on Coinbase exist for educational purposes only and are selected based on market cap. The inclusion of educational cryptocurrency pages does not indicate that Coinbase will support any specific cryptocurrencies for trading in the future.
The WavesDEX has proven itself to be a reliable exchange for trading cryptocurrencies. Traders’ funds are considered to be safer than on regular cryptocurrency exchanges because the funds are held in personal cryptocurrency wallets, rather than on a centralized exchange database.
How Staking Waves Work
Waves’ Exchange disclosed the inauguration of a decentralized Forex market (DeFo) on 29 September 2021. The new market will operate using stablecoins hooked to the rate of assorted fiat currencies. The market currently has seven different stablecoins.
As per the announcement, the initial seven stablecoins added to the platform include USDN, EURN, JPYN, CNYN, RUBN, UAHN, and NGNN. Furthermore, the firm revealed that the pairs added to the decentralized FOREX platform were created using the Neutrino protocol decided upon by ecosystem members.
If you wish to unstake USDN (Neutrino USD), sign in to your account on Waves. Exchange, hover over the Investments item, and click on USDN in the Neutrino staking section. Click on Unstake USDN. In the popup that appears, enter the amount you wish to withdraw and again click on Unstake USDN to confirm.
Waves Price Predictions (Update)
Waves Technical Analysis
Recent Waves price analysis reveals the digital asset is currently in a bearish trend as the market is undergoing corrections after a period of bullishness. The market is expected to find support at the $4.26 level, but a further decline could see the price drop to the $3.36 level. On the upside, resistance is expected at the $4.69 level, and a break above these levels could see the price retest the $5.50 level. The WAVES/USD pair is down by over 4.92 percent in the last 24 hours and is currently trading at $4.32. The market capitalization is valued at $470 million, and the 24-hour volume traded is $139 million.
Looking at WAVES price action over the last month, the digital asset has shed over 31 percent, while in the last seven days, it has lost over 7.91 of its value, suggesting a strong bearish movement. We can expect the trend to continue in the near term if the market doesn’t see a major rebound soon.
The technical indicators for WAVES/USD are bearish as the price is moving below the Moving average averages. The 50-day MA is currently at $4.62, and the 200 MA is at $5.11. These moving averages are likely to offer resistance in the event of an upside move. The Relative Strength Index (RSI) for WAVES/USD is currently at 37.23, which indicates that the market is oversold, and a rebound could occur soon. The RSI is also moving in a downward direction, which indicates that the bearish momentum is likely to prevail as there is more room for downside movement.
The MACD is currently in a bearish territory as the MACD line is trading below the signal line. The Stochastic indicator for WAVES/USD is also in the oversold region and is currently at 29.21. This indicates that a rebound could occur soon as the market is oversold at current levels. The 12-day EMA is seen trading below the 26-day EMA. The EMA crossover is a bearish signal, and the 12-day EMA is currently at $4.40, while the 26-day EMA is at $4.56.
The recent price fluctuation seen has seen the market volatility increase, as indicated by the wide Bollinger bands, which could attract more investors to the market. The market will likely find some support at lower levels, and a rebound could occur soon. The market remains in a bearish trend in the short term, but a further decline could see the price drop to the $3.36 level. On the upside, resistance is expected at the $4.69 level, and a break above these levels could see the price retest the $5.50 level.
Waves Price Predictions 2022 – 2031
According to Wallet Investor, WAVES is a bad long-term investment. The website has given a bearish WAVES price forecast suggesting that the price of the coin will drop to lows of $1.108 by the end of 2022. The site goes on to state that WAVE price will continue declining, and there is the possibility that the digital asset will crash and not recover.
According to the DigitalCoinPrice Waves coin forecast, the digital currency is expected to enter a bullish trend and will attain a maximum price of $5.98 by the end of 2022. Later on, in 2023, the site predicts that Waves will potentially start 2023 with a minimum trading price of $9.13 and might reach an average trading price of $9,63 before climbing to a maximum price of $10.16 in the same year.
Digitalcoinprice forecast that WAVES price will be $17.34 by the end of this 2025 and then may rise to a maximum price of $22.08 by the end of 2027. According to their long-term projections, in 2030, Waves could reach a maximum price level of $60.16, which is notably a very optimistic price prediction.
PricePrediction.net is quite bullish on WAVES and has given a price forecast for the ten years. According to their predictions, by the end of 2022, WAVES could rise to as much as $7.45. In 2023, they believe that WAVES might reach a high of $12.25. Later on, in 2027, the price is expected to see massive growth and touch new highs of $44.33. The site also gives a maximum price forecast of $139.72 by the end of 2030. Their predictions are quite bullish on WAVES and are among the most optimistic price predictions.
Waves Price prediction 2022
Looking at our Waves crypto price prediction for 2022, the WAVES coin is expected to have a maximum price of $7.45 and an average price of $6.94. The minimum price value is predicted to be $6.64.
Waves Price prediction 2023
In 2024, the Waves price forecast indicates that the coin will hit a maximum price level of $12.25 and an average price level of $10.40. The minimum value is expected to be around $10.04. The price is expected to be volatile at the beginning of the year but will gradually stabilize by the end of 2024.
Waves Price prediction 2024
In 2024. Waves coin is expected to make significant gains and could potentially attain a maximum value of $17.30.The average forecast price is $14.97, while the minimum price that might be attained is $14.55.
Waves Price prediction 2025
The 2025 Waves price forecast expects the virtual currency to reach a maximum price of $25.05 and an average price value of $21.54. The minimum price is expected to be around $20.79.
Waves Price prediction 2026
2026 is expected to be a good year for the Waves Digital Asset as the coin is forecasted to have a maximum price of $37.26 and an average price level of $31.60. The minimum price is expected to be around $30.74.
Waves Price prediction 2027
Waves price is expected to see a price increase in 2027, with the price reaching a maximum of $53.02 levels. The average trading price could be around $45.91, and the minimum price is forecasted to be at $44.33 levels.
Waves Price prediction 2028
The year 2028 could be an excellent year for the Waves digital asset as it is expected to reach a maximum price of $76.12. The average trading price could be around $66.06, and the minimum price is forecasted to be at $63.77 levels.
Waves Price prediction 2029
Waves price prediction is expected to remain volatile in 2029 and might not see a significant price movement. The maximum price is forecasted to be at $111.57 levels, while the average trading price could be $96.92.The minimum price forecast is around $94.28.
Waves Price prediction 2030
The year 2030 could see the WAVES price attain new all-time highs as it is expected to reach a maximum price of $163.62. The forecasted average price could be around $143.60, while the minimum price is forecasted to be $139.72.
Waves price prediction 2031
By the year 2031, the Waves price is expected to remain stable and might not see any significant price movement. The maximum price is forecasted to be at $242.16 levels, while the average trading price could be around $212.72.Waves coin is projected to attain a minimum price of around $205.54.
Waves crypto price prediction shows the future is positive, and the digital asset could potentially attain new all-time highs in the years to come. However, the price is expected to be volatile in the short term, and investors are advised to exercise caution when investing in WAVES. However, in the long term, the price is expected to continue growing and reach new highs.
Waves Token Price Prediction by Industry Influencers
Waves coin is gaining traction among investors and is expected to have a bright future. A youtube-based market analyst who goes by the name The Crypto Dead is bullish on WAVE price as he explains the technical aspects of the coin. The analyst believes that WAVES could reach $5 to $7 levels in the near-term projections as he believes WAVE is set to break out from the recent dip it took. In the long term, the analyst believes that Waves could touch $12 to $16 levels as he is bullish on the project.
Waves cryptocurrency has seen tremendous growth recently as it partnered with some big names in the crypto markets. The coin is expected to continue growing in the years to come as more and more people adopt it. The Waves team is also working on upgrading to Waves 2.0 in the coming year. The new protocol is expected to improve the Wave’s outlook and performance.
However, the 2022 crypto winter has made some investors cautious, and they are awaiting a market correction before investing in any digital assets. Nevertheless, the future looks bright for Waves, and it is expected to have a positive price movement in the years to come.
Optimistic short-term and long-term price predictions put the coin’s value at new heights. Prices may be volatile in the near term, but they could rise over time as the cryptocurrency market matures. investors are advised to do their own research before investing in any digital asset.