WAVES broke into the top 20, rising by 150% in a couple of weeks.

[Paha87]

Since late November, waves cryptocurrency has changed its market trend; "waves" not only rose by more than 150%, but also showed growth during the fall of bitcoin.


                       



Waves cryptocurrency today briefly entered the top 20 coins by market capitalization, but has since dropped to 22nd place, as other coins are also in the "green zone". The market capitalization of the coin currently stands at nearly $ 245 million, the highest since July 2018.

Why is the demand for Waves growing?

Waves is a blockchain platform on which organizations and developers can create their own tokens. The platform has its own decentralized exchange (DEX) where these tokens can be exchanged for some of the most popular cryptocurrencies such as bitcoin, litecoin and monero. There are 69 tradable coins on Waves DEX, with Waves reporting the presence of more than 20,000 user tokens.

Just over a week ago, it became known that the release of the updated Waves mobile wallet, which allows you to buy WAVES from credit cards, which can then be exchanged for bitcoins or other coins on the local DEX, probably these news and spurred interest in the coin. According to CoinMarketCap, the volume of trading on the exchange also increased this week.

"Waves" have become more busy after September 2018, the platform for the first time introduced the functionality of the smart-contracts, and now adds smart assets and trade using smart accounts.

The Waves announcement was published on December 12, and stated that the functionality would be added to the main blockchain network as soon as Waves miners voted in favor of the decision. Waves also released a wallet add-on for Firefox on December 14 and, as follows from the same announcement, will launch the European token trading platform in 2019.

According to Waves, the Waves blockchain is fast and supports 6,000 transactions per minute, which corresponds to 100 per second. Currently, Ethereum can perform about 10-15 transactions per second, but Ethereum Creator Vitalik Buterin believes that when second-tier solutions such as Sharding and Plasma take effect, the network will be able to process more than a million transactions per second.

It is also possible that there is some growing confidence in the Waves blockchain. The company announced that it has processed more transactions in one day than any other blockchain, on October 21, 2018, reaching a value of 6.1 million and surpassing Ethereum with 1.3 million and EOS with 5.4 million.

Waves may also be interested in investors for its dual business orientation-the creation of tokens and the functionality of smart contract blockchains, as well as decentralized exchange, which gives the project two markets for success.

From the perspective of the block chain, Waves has, of course, not without competition. Price TRX TRON is not as high as for the WAVES, but crypto-winter not so much influence on her, as on other coins. The use of dApp on the TRON blockchain rose to 1 million transactions last week, and the TRON Foundation has just launched its own exchange.

Link to the source of information (Russian) - https://altstake.io/news/waves-vorvalsya-v-top-20-podoroghav-na-150-za-paru-nedely