Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Waves Forum => Topic started by: MrSpasybo on February 05, 2024, 12:44:35 AM

Title: Waves was delisted by OKX: what is the future for Waves?
Post by: MrSpasybo on February 05, 2024, 12:44:35 AM
In 2017, Waves was one of the most notable blockchains on the market, second only to Ethereum. With strong economic potential spent on development of 30K BTC raised in ICO, Waves is expected to become the fastest blockchain in the world.
In the cycle 2020, although Waves did not really stand out in the market because it missed DeFi and NFTs, the WAVES token price still showed positive volatility and growth, at least WAVES created a new ATH in 2021, it is better than EOS, XRP, NEO... Although now WAVES has left the top 100 on Coinmarketcap but it is still considered a valuable token to invest.

(https://www.tradingview.com/x/qjqYPcgh/)

I just read bad news for Waves: OKX, a popular cryptocurrency exchange, announced the delisting of WAVES, the native token of the Waves platform. The exchange cites its commitment to "maintaining a robust spot trading environment" as the reason for the delisting[2].

OKX is the 3rd largest exchange in 2023: it has 6.7% market share and $485.9B in trading volume[3]. I didn't find a specific reason for OKX to delist WAVES, maybe it's just because the trading volume of WAVES on OKX is not large enough ~ $400K/day. I doubt this reason. However, I don't think this is part of the delist privacy token plan that OKX is conducting[4].

I am worried that this bad news will negatively affect the WAVES token's chances of recovery and growth in the upcoming cycle. Investors want to choose tokens with good liquidity and no negative news, WAVES may not meet these requirements to appear in their portfolio.

What do you think: why did OKX delist WAVES? How will this event impact the WAVES token? Will you still invest in WAVES tokens in the upcoming cycle?
[1]  Waves Set To Become 'Fastest' Decentralized Blockchain Platform Globally (https://www.forbes.com/sites/rogeraitken/2017/11/08/waves-set-to-become-fastest-decentralized-blockchain-platform-globally/)
[2] OKX to delist WAVES to ‘to maintain a robust spot trading environment’ (https://cryptonews.net/news/market/28496657/)
[3] Market Share of Centralized Crypto Exchanges, by Trading Volume (2023) (https://www.coingecko.com/research/publications/centralized-crypto-exchanges-market-share)
[4] OKX crypto exchange to delist privacy tokens in early 2024 (https://cointelegraph.com/news/okx-exchange-delist-privacy-tokens)
Title: Re: Waves was delisted by OKX: what is the future for Waves?
Post by: KryptoBull on February 05, 2024, 04:55:35 PM
Quote from: MrSpasybo on February 05, 2024, 12:44:35 AM
I am worried that this bad news will negatively affect the WAVES token's chances of recovery and growth in the upcoming cycle. Investors want to choose tokens with good liquidity and no negative news, WAVES may not meet these requirements to appear in their portfolio.

What do you think: why did OKX delist WAVES? How will this event impact the WAVES token? Will you still invest in WAVES tokens in the upcoming cycle?
It's been a while since I paid any attention to Waves even though it's fast and cheap. Competition in the blockchain market is increasingly fierce with the participation of many new Layer-1 projects, and Waves does not show any new value for users, the price increase in 2021-2022 may just be a pumping for trading purposes only.

The fact that the WAVES token was delisted from OKX does not affect my investment decision because I do not invest in tokens outside the top 100 on Coinmarketcap. The market has many potential projects to invest in, there is no reason for me to take risks with WAVES   ::)
Title: Re: Waves was delisted by OKX: what is the future for Waves?
Post by: MrSpasybo on February 10, 2024, 05:45:56 PM
Quote from: KryptoBull on February 05, 2024, 04:55:35 PM
It's been a while since I paid any attention to Waves even though it's fast and cheap. Competition in the blockchain market is increasingly fierce with the participation of many new Layer-1 projects, and Waves does not show any new value for users, the price increase in 2021-2022 may just be a pumping for trading purposes only.

The fact that the WAVES token was delisted from OKX does not affect my investment decision because I do not invest in tokens outside the top 100 on Coinmarketcap. The market has many potential projects to invest in, there is no reason for me to take risks with WAVES   ::)
Well, I also did not follow Waves' development in 2020-2023, so it is unclear whether this project team has been able to help Waves be able to support Dapps in the fields of Defi, GameFi or NFT. I hope other members will give their opinions on this issue.

If Waves can do it, it could make a comeback thanks to its high speed and low cost.
On the contrary, Waves will continue to exist as a financial tool to buy and sell to generate profits in this market. And as you said, few people will want to invest in old projects outside the top 100.
Title: Re: Waves was delisted by OKX: what is the future for Waves?
Post by: hair on February 11, 2024, 10:57:44 PM
I'm a holder of waves, I'm not worried because Okx delist waves. I can trade on their Dex.
I think that it commonly happens in the crypto industry.
I was surprised when recently XMR will be delisted from Binance. maybe the same case like waves in Okx
Title: Re: Waves was delisted by OKX: what is the future for Waves?
Post by: Trongduy on February 21, 2024, 03:48:41 PM
Quote from: MrSpasybo on February 05, 2024, 12:44:35 AM
What do you think: why did OKX delist WAVES? How will this event impact the WAVES token? Will you still invest in WAVES tokens in the upcoming cycle?
As far as I remember, this 2017 season, every layer-1 projects claimed to be faster than Bit, a few hundred or thousands of times faster than Ether, but in the end they failed because there were no users, no investors, and no cash flow. Waves is one of those failed projects. It doesn't have smart contracts and has extremely poor interoperability. No project really needs or wants to use it for products that serve users. Now that it's been canceled by OKX, it's not strange. In the 2021 season, Waves was blown up very strongly, probably the last blow for whales sell and take profits.

I think we need to choose a new coin to invest in, don't need to worry about tokens outside the top 100 :)

Title: Re: Waves was delisted by OKX: what is the future for Waves?
Post by: MrSpasybo on February 29, 2024, 02:11:42 PM
Quote from: hair on February 11, 2024, 10:57:44 PM
I'm a holder of waves, I'm not worried because Okx delist waves. I can trade on their Dex.
I think that it commonly happens in the crypto industry.
I was surprised when recently XMR will be delisted from Binance. maybe the same case like waves in Okx
XMR is a privacy coin, it will gradually be delisted from major CEXs because CEXs need to comply with anti-money laundering laws.

Waves is not a privacy coin, the reason it was delisted could be that the trading volume is not good enough for OKX. I hope that event does not affect Waves price in the long term.

Quote from: Trongduy on February 21, 2024, 03:48:41 PM
As far as I remember, this 2017 season, every layer-1 projects claimed to be faster than Bit, a few hundred or thousands of times faster than Ether, but in the end they failed because there were no users, no investors, and no cash flow. Waves is one of those failed projects. It doesn't have smart contracts and has extremely poor interoperability. No project really needs or wants to use it for products that serve users. Now that it's been canceled by OKX, it's not strange. In the 2021 season, Waves was blown up very strongly, probably the last blow for whales sell and take profits.

I think we need to choose a new coin to invest in, don't need to worry about tokens outside the top 100 :)
Waves used to be very famous and worth investing in during the 2016 cycle, but unfortunately the development of the ecosystem did not meet the needs of users in the 2020 cycle. I also followed Waves but not too much. Positive news for investors to continue to trust and buy WAVES tokens. The decline in WAVES capitalization and the emergence of more successful new projects has put WAVES at a real disadvantage and may become an unattractive token in terms of investment.