Waves Crypto Price Prediction

29 Apr 2022

The price of Waves (WAVES), an alternative Layer 1 (L1) blockchain, has dropped by almost 60% in the last several weeks.

In the first few weeks of April, investors were increasingly worried about the long-term viability of the Waves ecosystem stablecoin, Neutrino USD (USDN), which lost its peg to the US dollar.

WAVES's price has dropped by more than half, and it's presently hovering around the $16 mark. Investors may have a window of opportunity after that incident since the cryptocurrency is now trading at a more favorable value.

Waves have a total worth of $1.75 billion, making it a significant participant in the crypto market. Recently, Waves has announced the rollout of its 2.0 version, which features substantial enhancements.

With this version, the Waves ecosystem may now be used with the Ethereum Virtual Machine (EVM), allowing for more interoperability.

Developers will be able to quickly move decentralized apps (dApps) from one network to another, and investors will be able to use both networks as one. 

This is a big improvement. As a result, this improvement represents a significant step forward in blockchain interoperability.

Despite the recent selloff, Waves 2.0 will include an accelerator program and metaverse initiatives, making it a promising project with an intriguing path for the years to come.

Financial Disclaimer

The Content in this article is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. 

Nothing herein constitutes a solicitation, recommendation, endorsement, or offer to buy or sell securities or other financial instruments. 

Investing in Cryptos constitutes considerable risk, Do your research before investing in Cryptocurrencies.

Write & Read to Earn with BULB

Learn More

Enjoy this blog? Subscribe to Qwavivi007


No comments yet.
Most relevant comments are displayed, so some may have been filtered out.