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Since the end of November, the Waves currency (WAVES) has countered a market trend and a price increase of over 150%. The cryptocurrency has not only risen to $ 2.49 per coin at the time of writing, but with the decline in bitcoin prices, the value of WAVES against bitcoin (BTC) is also growing.
The cryptocurrency The Waves today, for a short time, has entered the top 20 coins by market capitalization, but has since returned to 22ND position as the other coins show the green. The market capitalization of the currency is now around $ 245 million, the highest since July 2018.
Why does the wave demand increase?
Waves is a blockchain platform in which organizations and developers can create their own personalized tokens. It has its own decentralized exchange (DEX) where these tokens can be exchanged together with some of the most popular cryptocurrencies like bitcoin, Litecoin and Monero. There are 69 tradable coins on the Waves DEX with Waves which carries over 20,000 custom tokens in use.
Just over a week ago, CCN reported that the release of an updated mobile wallet from Waves that allowed for the purchase of Waves cards that could be exchanged for Bitcoin, or other currencies on its DEX, could power the Internet. interest in the currency. It could still be the case. According to CoinMarketCap the volume of trade on the exchange has also increased this week.
The waves have been even busier. After introducing the functionality of an intelligent platform contract for the first time in September 2018, it now adds intelligent resources and intelligent account trading. The announcement of A Waves was published on December 13 and functionality will be added to the blockchain mainnet when the Waves miners vote for their deal. Waves also released its add-on wallet for the Firefox browser on December 14 and will launch a European platform for trading securities token in 2019.
Hey #Onde Community! See what's happening and what we have planned #Tokenomica – our European security token platform. We have really exciting plans. 2019 will be a really hot year for the #WavesPlatform ecosystem!#Blockchain #Trading $ WAVES pic.twitter.com/umOjngar6E
– Waves Platform (@wavesplatform) December 12, 2018
Waves blockchain, according to Waves, is fast, supporting 6,000 transactions per minute which equals 100 per second. Ethereum is currently able to run about 10-15 transactions per second, but the creator of Ethereum Vitalik Buterin believes that once the second-level solutions such as Sharding and Plasma take effect, the network is capable of over a million transactions per second.
There may be a bit of growing confidence in the Waves blockchain. Waves announced that it has processed more transactions in one day than any other on October 21, 2018, reaching 6.1 million and exceeding Ethereum at 1.3 million and EOS at 5.4 million.
The waves could also interest investors with the dual focus on creating tokens and the blockchain functionality of smart contracts and decentralized exchange, giving these two markets success.
In terms of emerging blockchains, Waves is not without competition. The TRON TRX price is not as good as WAVES 'price, but the Cripto-Winter price is not as affected as other coins. The use of dApp on the TRON blockchain has risen to 1 million transactions last week and the TRON Foundation has just launched its own stock exchange.
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