Skip to main content

Waves Price Prediction: Strong Growth, But Big Risk Remains

 


Waves price has performed remarkably well over the past few weeks as investors cheer the growth of its ecosystem. It has jumped to a high of $33, which was the highest since October of last year. It's up over 330% since its lowest point in February of this year, taking its total market cap to over $3.3 billion.


Waves is an Ethereum killer that allows developers to build high-quality and scalable decentralized applications (dApps) like those found in the DeFi, gaming, and non-fungible token (NFT) industries.


Waves has a relatively small and concentrated ecosystem that has shown strong growth over the past few months. One of the largest platforms integrated into their platform is known as Neutrino, which provides a DeFi toolkit for algorithmic trading.


Neutrino offers Neutrino USD (USDN), an algorithmic stablecoin pegged to USD and backed by WAVES. As a result, Neutrino USD holders can earn up to 15% APY due to the staking opportunities offered by Waves. This is a strong APY considering most popular coins are yielding less than 10%.


Another feature of Neutrino is that it allows people to trade currency pairs (Forex) in a decentralized ecosystem. It has an exchange called Defo where people can buy and sell these assets and avoid the traditional brokers.


Therefore, Waves price has performed well over the past few months due to the success of Neutrino. During that period, the total value locked has grown to over $1.8 billion, which is about 340% up from a month ago.


Other apps in the Waves ecosystem have also done well. For example, Vires Finance has seen its TVL increase by 120% to over $928 million in the last 30 days.


Waves Price Prediction



The daily chart shows that Waves price has been in a strong uptrend for the past few weeks. As a result, the coin has managed to move above the 25-day and 50-day moving averages. Oscillators like the Relative Strength Index (RSI) and MACD are also up.


Notably, the coin's price is nearing its all-time high. Therefore, there are chances that it will retest the key resistance level at $36 and then pull back as investors start to take profits. Also, it's a bit tricky as Neutrino and Vires Finance have almost 100% market dominance.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more