NFT gaming and a tsunami of trading volume lift Waves to a new all-time high

[Cz Rock]

Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector.

April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects.


As seen in the chart above, after staying relatively flat in the yellow range for most of the week, the VORTECS™ Score for Waves climbed into the green and registered a high of 66 on April 8, roughly five hours before the price began to increase 60% over the next day.

The addition of NFT functionality to the Waves ecosystem alongside its growing decentralized finance ecosystem has created a well-rounded protocol that is positioned to see further growth as blockchain technology becomes further integrated into mainstream commerce.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

NFT gaming and a tsunami of trading volume lift Waves to a new all-time high
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