Waves (WAVES), a decentralized blockchain platform is developed to provide users with the opportunity to create their own internal digital currencies or tokens. Designed from scratch in such a way that it stores, manages and issues digital assets. The digital currencies issued by Waves can be used for loyalty programs, in-app currency creation and for ICO founding. Waves add new tokens or currencies as plugins on top of core software, which basically does not require any update to the software every time when a new token is added to the blockchain. Every token built on Waves may be exchanged in pairs of waves token. Also, it has been claimed by the Waves teams that it will soon be the fastest blockchain in the world.
As per the chart above, today Waves ranks at 25th position in the market with a market cap of USD 276,655,165. The current price (USD) at which the Waves is trending in the market is 2.80 at 4:31 UTC with a 3.1% drop observed. Waves have a positive Return On Investment (ROI) which is 107.62%, having BTC price 0.00068215 and the 24h volume is 14,021,928 USD. The price (USD) peaked to $2.8426 in the last 24 hours while the lowest was $2.7581.
Analysis and Interpretation:
From the start of 2019, Waves had the price (USD) 3.14 on January 23. Similarly, the lowest price (USD) 2.48 was trending on February 08. The current price (USD) is 10.82% lower than its pinnacle price observed in January 2019.
Thereafter, a slight downfall has been noticed which seems to be negligible. The second highest of 2019 trending price (USD) of Waves was in last week of February. In the last 10 days, the resistance level as per the trending market remains between $2.80- $2.85.
Since, the crypto market is constantly expanding, making a tad bit challenging to keep up. In such a competitive market scenario, Waves despite being a lesser-known alternative has gained much favor from the traders this year. As traders are assured about security and transparency in Waves wallet; experts claim that it has gained popularity among the digital miners around the world.
The contracts in Waves are less complex as compared to the ones in Ethereum, yet powerful and secure!
Based on some experts and analysts’ predictions it can be said that it is profitable to invest in Waves for a long term (5+ years). The supporting technical analysis and algorithms show that Waves will not drop in the long term and there seems to be no chance where the investors can be crashed.