In the past couple of days, Bitcoin and other altcoins are experiencing a strong bullish trend. Among the best performers in the industry, the eponymous Blockchain platform’s native token, WAVES Price has emerged as one of them.
The token jumped more than 65% in the last 24 hrs hitting an all-time high above $50. The launch of the US venture, Waves Labs, might have pushed the token’s price to hit an all-time high.
At the time of writing, WAVES Price is trading at $53.24 with a surge of more than 60% in the last 24hrs. Along with the token trading at ATH, the market capitalization now stands at $5 billion and the trading volume has also surged to over $3 billion.
However, if the asset faces a 100% extension, then the price might hit above $53.07.
The token’s bullish movement has placed the token as 32nd largest cryptocurrency replacing Decentraland’s MANA and Axie Infinity (AXS)
A Blockchain, Waves Protocol allows for the creation of custom tokens and smart contracts.