In the early hours of July 18, 2024, Waves (WAVES) experienced a significant breakout, with its price surging by 7.23%, reaching $1.22. This unexpected rally has caught the attention of the crypto community, driven by a series of strategic developments and community engagements. Waves, a multipurpose blockchain platform known for supporting decentralized applications (DApps) and smart contracts, has once again demonstrated its resilience and potential in the everevolving cryptocurrency market. On July 18, 2024, the cryptocurrency Waves (WAVES) experienced a notable breakout, with its price surging by 7.23% to reach $1.219. This significant movement can be attributed to several key factors that have recently influenced the market sentiment and trading activities surrounding WAVES. Let's delve into these reasons and understand their impact on the price surge, supported by visual evidence for better clarity and engagement.
The first major reason behind the breakout is the token development hike due to member trading. The token's development has surged due to increased trading activities by its members and holders, driving price momentum.
Another critical factor is the new adjustments to Waves bridge for efficient transactions. Recent updates to the Waves bridge have optimized transaction efficiency, fostering development and community trust.
Additionally, the new integrations and partnerships, major exchange listings have played a pivotal role. The CEO announced new integrations and partnerships, along with plans to list on more major exchanges, boosting investor confidence.
The ongoing token buyback and staking incentives have also contributed significantly. Continuous token buybacks and staking opportunities to earn Unito have driven the price pump, attracting more investors.
Moreover, the CEO's details on delisting and new major exchange listing have sparked renewed interest. The CEO shared plans for a new major exchange listing following a recent delisting from Binance.
Lastly, the AMA session highlights Waves ecosystem progress. The Waves founder's AMA session detailed ecosystem progress, including new developments like the Units network and TVL campaign.
In conclusion, the combination of these factors has created a robust environment for WAVES, leading to its recent breakout. The token's development, transaction efficiency, new partnerships, buyback programs, and strategic communications from the CEO have all played crucial roles in driving the price surge. As the Waves ecosystem continues to evolve, it will be interesting to see how these elements further influence its market performance. The recent breakout of Waves (WAVES) is a testament to the platform's continuous innovation and strategic moves. From increased trading activities and optimized transaction efficiency to new partnerships and ongoing token buybacks, Waves has shown its commitment to growth and development. As the cryptocurrency market remains dynamic, it is crucial for investors to conduct thorough research (DYOR) to navigate the complexities and seize opportunities effectively.
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To God be the Glory
Explore the Core.
Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts. Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness. The platform has undergone various changes and added new spin-off features to build on its original design. Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.
Spot the Main Event:
There are lots of new integration and partnership. The CEO shared news of them extending waves to more major exchange
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Adekanmi OwojoriFreelancer , Copy Writer and Crypto lover
Explore the Core.
Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts. Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness. The platform has undergone various changes and added new spin-off features to build on its original design. Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.
Spot the Main Event:
The price pump is tracked to their continuous ongoing buyback of the token and more so the staking of the token to earn unito.
📸 Show Us What You Found:
Esther WonderOwojori
Explore the Core.
Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts. Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness. The platform has undergone various changes and added new spin-off features to build on its original design. Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.
Spot the Main Event:
The price pump is related to their continuous ongoing buyback of the token and more so the staking of the token to earn unito.
📸 Show Us What You Found:
Kola LashStudent, Crypto Enthusiast
Explore the Core.
Waves is a blockchain network designed to support the adoption of Web3 technologies. It provides a user-friendly interface for building smart assets (customized tokens). It has a native exchange that supports the trading of these customized tokens. Moreover, it has low transaction fee compared to other platforms. The Waves blockchain is designed to enable users to create and launch custom crypto tokens as simply as possible, even without prior knowledge. The WAVES token is used for transactions and as collateral for custom tokens.
Spot the Main Event:
The Waves Blockchain founder recently participated in an AMA session highlighting the progress made by the Waves team and the numerous updates still to come to the Waves Ecosystem. He highlighted several points of development in the network, including the launch of the Units network ( an L2 aimed at scalimg the Waves network), the ongoing TVL campaign as well as the proposal to increase the waves token inflation, to facilitate buying back XTN faster. All these factors have contributed to investors action, evident in the amount of liquidity flow into the ecosystem and the increase in interactions and transaction volume
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Overview
Waves is a multipurpose blockchain platform launched in June 2016, following one of the cryptocurrency industry's earliest initial coin offerings (ICO). The project aims to enhance the speed, utility, and userfriendliness of blockchain technology, supporting various use cases including decentralized applications (DApps) and smart contracts. Waves sets itself apart by focusing on ease of use, making blockchain accessible even to those without prior technical knowledge. The platform's mission is to appeal to business clients looking to leverage blockchain for process improvements or new service creation.
Key Features
MultiPurpose Blockchain: Supports DApps and smart contracts. UserFriendly Interface: Simplifies the creation and launch of custom crypto tokens. Native Exchange: Facilitates trading of customized tokens. Low Transaction Fees: Offers competitive transaction costs compared to other platforms. WAVES Token: Used for transactions and as collateral for custom tokens. Interoperable Blockchains: Units.network testnet launched to enhance blockchain interoperability.
Use Cases
Business Process Improvement: Enables businesses to streamline operations using blockchain. Custom Token Creation: Allows users to create and launch tokens easily. Decentralized Applications: Supports the development and deployment of DApps.
Recent Developments
Units.network Testnet: Launched by founder Sasha Ivanov, focusing on interoperable blockchains. Increased Liquidity: Team has decided to inject more liquidity into the ecosystem. Partnerships: Secured new partnerships to boost trading volumes. Community Engagement: Active discussions and reactions to recent AMA sessions.
Market Impact
The recent developments, particularly the launch of the Units.network testnet and increased liquidity, position Waves for potential growth. The platform's focus on userfriendliness and low transaction fees could drive higher user adoption. New partnerships are likely to enhance trading volumes, further solidifying its market presence.
Risks and Opportunities
Risks
Security Concerns: No recent security breaches reported, but always a potential risk. Technical Issues: No significant technical issues noted recently. Community Sentiment: Some dissatisfaction due to recent delisting on Binance.
Opportunities
Innovative DeFi Solutions: Potential for growth in decentralized finance (DeFi) applications. Increased Adoption: Userfriendly features could attract more users and developers. Strategic Partnerships: New partnerships could open up additional markets and use cases.
Community Engagement
Active Community: Regular discussions and high engagement levels. AMA Sessions: Recent AMA sessions have kept the community informed and engaged. Community Sentiment: Mixed reactions, with some dissatisfaction over recent delisting but overall excitement about new developments.
Conclusion
Waves presents a compelling investment opportunity with its focus on userfriendliness, low transaction fees, and innovative features like the Units.network testnet. The platform's recent developments and strategic partnerships position it well for future growth. However, traders should consider community sentiment and potential risks. Overall, Waves' innovative approach and strong market position make it a noteworthy option for investment.
Considerations for Traders: Monitor Community Sentiment: Keep an eye on community reactions to new developments. Evaluate Partnerships: Assess the impact of new partnerships on trading volumes and market presence. Stay Updated on Technical Developments: Follow updates on the Units.network testnet and other technological advancements.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.