WAVES Price Analysis July 2022

WAVES is a coin of the platform Waves. Its current price is around $5.92 by the time of writing, with a low of $4.16, and has a market cap of 655 million dollars.

What is Waves?

Waves is a versatile blockchain platform that developers can use to build DApps and smart contracts. It also allows for custom tokens to be created, which can be traded on DEX’s decentralized exchange. The WAVES Cryptocurrency is steadily rising as its blockchain upgrades are set to take place soon. Ethereum has been having a lot of issues lately and is not a reliable source for crypto trades. If these blockchains are viable alternatives for cryptocurrency, their value will increase significantly.

What is WAVES?

WAVES is the coin of the Waves platform, which is around $5.92 by the time of writing, with a low of $4.16. It reached a high of $6.58, and its current ranking is #67 according to CoinMarketCap, with a market cap of 655 million dollars. The native token of Waves is WAVES, a decentralized blockchain protocol that allows developers to create DApps and smart contracts easily. It also enables users to create custom tokens that can be traded on multiple exchanges.

WAVES Coin Market Analysis 

WAVES has a total supply of 108,843,856 coins worth around $5.92 with a market volume of 642 million dollars, whereas the market capitalization is 655 million dollars at writing. 

WAVES Price Prediction

Based on the WAVES market performance of the past, we say that WAVES is a good investment. On the 1D timeframe, the price action of $WAVES/USDT is working between support and resistance. Currently, the price is lying above the horizontal support zone. We have to wait for breakout or breakdown. If it breakdown successfully, then it can go downwards.

For any time, on-demand analysis on $WAVES or any other coin can join our Telegram channel.

Price Chart July 2022
WAVES Price Chart July 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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