Home / Ethereum / Price analysis of Ethereum: ETH / USD bull rush temporarily interrupted

Price analysis of Ethereum: ETH / USD bull rush temporarily interrupted

Although the cryptography market in general continues to be extremely bearish, there have been some reasons why traders have to smile. The main reason for encouraging is the recent peak in Bitcoin & # 39; s (BTC) value. Bitcoin has risen by around 28% since December 17th. As Bitcoin has recently risked falling below the dreaded 3,000 level, traders will gladly take the Christmas gift of 4,000+. It is not yet clear if the bulls are back or if this is simply a rebound of a dead cat. However, it is an encouraging sign for the encrypted market in general.

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While the altcoins generally did not participate in the recent Bitcoin rally, a currency that continues to challenge expectations is WAVES. WAVES is a decentralized blockchain platform that focuses on custom blockchain token operations. The transfer of national currencies is maintained on the Waves blockchain using compliant gateway operators.

Waves had an incredible month driven mainly by extremely positive developments on the technological front. In early December, Waves announced a complete and all-in-one mobile app. This app includes a unique feature set that includes a cryptographic portfolio, the DEX Waves and a FIAT gateway. This development definitely distinguishes Waves from its closest competitors.

One of the biggest problems among all crypto users is privacy. Privacy is so important that it has stimulated the growth of various privacy-focused coins like Monero (XMR) and Zcash (ZEC). This new mobile app has solved privacy problems by encrypting all traffic. This means that the keys never come out of the smartphone, are never exposed to the web and are stored locally. The app also does a good job in supporting additional security measures like Face ID, Touch ID and Fingerprint scanning. All together, mobile app users can rest easy knowing that their data is safe.

Waves is also known to have one, if not the fastest, decentralized exchange of digital resources in the world. The main advantages of DEX include the following:

  • Decentralized and anonymous
  • Unlimited encrypted withdrawals
  • Thousands of couples trading options
  • Transactions completed in a few seconds
  • Available on any device
  • Taxes less than $ 0.01
  • Average volume 24 hours above $ 6.3 million

Given the popularity of DEX, it is absolutely logical that mobile users can now access it. This includes all the same tools and graphs that desktop users have access to. In any way it is affected, this is a huge development for the Waves platform.

December Price Surge

Although most coins have a December to forget, Waves will have a December to remember. Waves was trading at $ 1.24 to start the month, but has since more than tripled in price. The currency is now trading at $ 3.88 at the time of writing this article.

While that kind of return was common in 2017, it's the kind of return that gives hope to many cryptic traders that the good old days can return once again.

The chart clearly shows that the currency exploded immediately after the announcement. While a price increase is not very rare after a press release, follow-through is. Waves continued his wave throughout the month of December.

Christmas has certainly arrived early for Waves' hodlers.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.

Featured image courtesy of Shutterstock.

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