How long can Waves (Waves) crypto extend its rally?

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How long can Waves (Waves) crypto extend its rally?

 How long can Waves (Waves) crypto extend its rally?
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Highlights

  • Waves (Waves) crypto is a unique blockchain network that aims to support use cases including DApps and smart contracts.
  • Waves allows the users to create tokens without the need for extensive programming. 
  • On Wednesday, Waves was trading at US$10.34 with a trading volume of US$2,88,57,92,184, according to CoinMarketCap.

Founded by Alexander Ivanov, Waves (Waves) crypto is a unique blockchain network that aims to support use cases including DApps and smart contracts. Waves crypto allows the users to create and trade tokens without the need for extensive programming. It can do so, by managing via scripts that run on user accounts on the Waves blockchain.

These assets are designed to trade within the Waves ecosystem and also include an in-built decentralised exchange, which is used to facilitate trade between Waves tokens and other tokens that are created on the Waves blockchain. 

On 1 June, the Waves crypto was rallying over 14% in the past 24 hours.

Related read: Why is Biconomy (BICO) crypto climbing up the charts today?

Why is Waves crypto trending? 

 

Waves crypto is trending on the back of the news of Tsunami Testnet and Airdrop launch. The Tsunami testnet will allow the users to maximise their returns where 1% of the total supply will be distributed among participants. For users to become eligible for the airdrop, the user will have to apply for the testnet participation and maximise the use of the Tsunami features. So, the user with the highest trading profits or who reports bugs will be entitled to a reward program.

What makes Waves crypto unique is its ability to appeal to business clients who are looking to maximise their offerings using the blockchain. Therefore, it can support smart contracts and DApps development, ensuring speed as well as easy-to-use offerings.

How is Waves’ price faring?

On Wednesday, Waves was trading at US$10.34 with a trading volume of US$2,88,57,92,184, according to CoinMarketCap. The 53-ranked token was up by 14.04% in the last 24 hours and enjoyed a live market cap of US$1,12,05,38,403 with 10,84,16,656 WAVES coins in circulation.

Related Read: Optimism (OP) crypto's volume soars over 10,600%. Here's why  

Waves has been witnessing good returns in the past 14 days or so as it gained by 48.8% and 85.4% over the past week, according to CoinGecko. The volume, however, was down by 17.65% in the past 24 hours.

But when it comes to the crypto market, prices fluctuate rapidly, and therefore, the users need to tread into the domain very carefully and must do market research before taking any investment decisions.

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