Price Analysis

Waves Price Analysis: A Lot of Volatility in the Price of WAVES Still has Ample Amount of Growth Potential

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Similar to Ethereum in a number of ways, Waves aims at enhancing the usage and adoption of blockchain technology. After the announcement of the new information policy regarding the details of the blockchain, a number of potential investors and government agencies have reached out for Waves.

Waves Current Statistics:

Waves price chart - may 31

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On May 31, at UTC 07:06, Waves was ranked at 36th position in cryptocurrency ranking, with a total of 100,000,000 WAVES coins in circulation. At the same time, the market cap of the crypto, was 254,683,323 USD, having an ROI of 91.13%. Presently, Waves is trading at USD 2.54572836. Additionally, the 24-hrs trading volume was 54,607,971 USD. Against Bitcoin, Waves was valued at 0.00030739 BTC per coin.

Waves Coin Comparison:

On May 06, Waves was trading at 2.22344629 USD; however, today after 25-days, the altcoin is trading with a hike of 14.5%. If you look at the charts of Waves coin, the last month was a slight tragic where it falls by a substantial margin and dropped to $2.04, marking 2019’s lowest value. This bearish trend persisted till the 2nd week of May, nevertheless, following the market correction, the crypto jumped off from its red zone, and it is expected to give a good ROI henceforth.

Waves Price Prediction:

Waves has maintained a stable action and growth besides the unstable crypto market. As per our speculation, the price of the altcoin is expected to follow the steady trend and expected to trade around USD 3.5 to 4 by the end of the year.

Conclusion:

Although, crypto space is an unpredictable one and no one is fully accompanied to claim that what can happen in next very moment, almost all the technical analysis is on the positive side for Waves. So, looking at the current trends, Waves is a good investment in the long term.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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