Waves crypto: The wave that carries the cryptocurrency market

By: Bharggavi Ssayee

May 5, 2021 4:13 AM

Cryptocurrencies continue with the bullish pace of the weekend into the start of the week, however, there is one crypto that breaks the house during the daily Monday session. It's Waves crypto! The crypto has already seen a rise of over 40% during the day. For the past 7 days, the growth rate of the cryptocurrency is over 90%.

Focus on Waves, the new wave that carries the cryptocurrency market!

A return to the top for Waves

Evolution of the Waves price from 2016 to 2021

It would have taken two years for cryptocurrency to revive after hitting a peak of $ 16 in 2018. During the Covid, cryptocurrency floundered to around $ 1. Which is surprising to say the least because even the market giants suffered from Black Thursday. The trend reversal with Waves came with the outperformance of DApps at the end of 2020. In December, the price of Dai is multiplied by 8 on the stock market.

For the year 2021, the Waves curve has grown at an exponential rate. For the year, it has already recorded growth of 240%. The acceleration of Waves's progress began in March when it surpassed the $ 16 levels of 2018. After that, in less than a month, its price more than doubled to hit the $ 34 mark. Waves may be a success in the making as long as it facilitates industry-level tokenization.

To believe, good projects don't die. The "Waves" wave has returned to its highest level in a rough sea, dominated by BTC and ETH as they battle for dominance of the cryptocurrency ocean. After appearing in the top 50, can Waves aim for the top 20 largest caps in the cryptocurrency market?

Presentation of the Waves project?

Waves falls under the category of decentralized applications of the crypto industry. Waves is a platform that allows the creation and exchange of customizable tokens with each other or for other cryptos or even Waves tokens. Faced with the technical difficulty and the requirements in terms of technological skills to create the tokens, Waves intends to facilitate the creation of tokens on the market.

Anyone can create their own token on the Waves platform in less than a minute. After Waves plays the role of crypto exchange; That is, the newly created tokens can be exchanged for any other category of crypto assets.

In terms of governance, Waves entirely uses a hybrid protocol: LPoS. The Leased Proof-of-Stake is an improved version of the Proof-of-Stake protocol. Usually, in a PoS system, to participate in the creation of new tokens, validators must have a certain amount of that cryptocurrency, but in LPoS, token holders can lease it to other users. However, whoever owns Waves can rent them out to other users to participate in the staking. These users will pay interest in return.

Waves is part of the category of cryptocurrencies with a fixed amount of tokens. According to the Waves protocol, the number of tokens is capped at 100 million.

Where and how to buy Waves tokens

Waves are available from quite a few brokers in the market. Its tokens are available in more than 80 crypto exchanges among which we can mention: Binance, Huobi, Kucoin, Kraken and Bittrex. Rumors circulated that it was listed on Coinbase during the year.

Apart from acquiring Waves tokens on a broker, you can also get Waves when you participate in its staking. In addition, if the token created on Waves has a good demand, it can also be exchanged for Waves.

As with any other cryptocurrency, before investing in it, you should learn more about the protocol behind the crypto.