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Waves Coin (WAVES): Should you Invest?

Waves coin (WAVES) is one of the top 100 most popular cryptocurrencies currently. In terms of market cap, it is currently the 67th largest digital currency (over US$2.52 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the Waves token, how it works, and many more.

What Is Waves Token (WAVES)? 

Waves, a multi-purpose blockchain platform, supports a wide range of use cases that include both DApps (decentralized applications) as well as smart contracts. This cryptocurrency had one of the earliest ICOs (initial coin offerings). It was launched in the year 2016. Initially, the Waves platform started its journey to improve the first blockchain platforms by accelerating:

  • Speed
  • Utility
  • User-friendliness

WAVES is the native coin of the Waves platform, which has in turn has gone through multifarious changes. This native token is used to make standard payments including block rewards. It comes with an uncapped supply. 

Alexander Ivanov (also called Sasha Ivanov) was the founder of Waves blockchain. He is extremely active to promote Waves publicly. The company currently has more than 180 people at multiple locations across the world including Switzerland and Moscow. 

Since its initial days, the Waves platform has strived to improve both the early blockchain platforms and products. It always tried to appeal to various business clients, who were looking for process improvement and new service creation by using blockchain. 

Waves platform support both:

  • Smart contract
  • DApp development

At the time, it ensured that it surpassed its peers in terms of speed as well as ease of use. Since then this platform has offered  wide range of products including:

  • Gravity: A cross-chain and oracle network
  • Neutrino: A DeFi focused platform

In 2020, the Waves platform released the WAVES token as an ERC-20 standard asset so that the platform becomes interoperable with the Ethereum network. 

Waves Coin (WAVES): Facts & Figures

All these facts and figures (as of November 11, 2021) will help you to make a decision on investing in Waves WAVES coins. Before making Waves transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Waves WAVES Price: US$23.60 (Current Price of Waves)
  • 24hour Trading Volume (24h Volume): US$87,201,778
  • All-Time High (ATH) Price: US$41.33 (reached on May 04, 2021)
  • All Time Low (ATL) Price: US$0.1227 (reached on Aug 02, 2016)
  • 24h Low: US$22.96
  • 7d Low: US$22.54
  • 30d Low: US$22.54
  • 90d Low: US$21.03
  • 52 Week Low Price of Waves: US$4.37
  • YTD (Year-To-Date) Return: 294.50% YTD (Year-To-Date) price change
  • Market Cap: US$2,518,401,952 (US$2.52 billion)
  • Crypto Rank (in terms of market cap): 67th in the crypto market
  • Fully Diluted Market Cap: US$2,531,669,140
  • Max Supply: ---
  • Total Supply: 106,703,524
  • Circulating Supply: 106,703,524.00 WAVES

These are the facts that made the Waves coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily. 

How Is the Waves Network Secured?

A modified proof of stake (PoS) algorithm known as WavesNG is used by the Waves network. The WavesNG technology is based on a scaling proposal known as Bitcoin-NG, which was conceptualized by Emin Gün Sirer, a Cornell University developer and a well-known advocate of Bitcoin. The best thing about Waves is that its codes are open source in nature. When compared to closed source enterprise blockchain solutions, it garners more trust and at the same time ease of maintenance. 

Where can you Buy Waves Tokens?

You can buy Waves coins in almost all top exchanges including:

  • Binance
  • Huobi Global
  • Bithumb, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular Waves coin price pairs of Waves are:

  • WAVES/BNB, and many more.

Before investing, check out historical data of token Waves coin, fundamental analysis, crypto news, Waves coin price charts, price performance, market updates, Waves to USD (United States Dollar) exchange rate, Waves price history, Waves speed, WAVES price prediction and price forecast, and others.

What are the Best Crypto Wallets to Store Waves coin Coins?

The best Waves coin wallets to store WAVES coins are:

  1. Atomic Wallet
  2. Guarda Wallet
  3. Waves Wallet Android
  4. Waves Wallet iOS
  5. Waves Lite App
  6. Waves Brain Wallet

Invest in Waves coin and Other Cryptocurrencies

You can buy and sell Waves coin and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Waves coin markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as WAVES, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, Internet Computer, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, Axie Infinity, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

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NapBots provides you with various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

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