{"id":2048,"date":"2022-03-30T07:18:10","date_gmt":"2022-03-30T06:18:10","guid":{"rendered":"https:\/\/tradersofcrypto.com\/news\/?p=2048"},"modified":"2022-03-30T07:18:10","modified_gmt":"2022-03-30T06:18:10","slug":"waves-waves-extends-rally-to-all-time-peak-near-60","status":"publish","type":"post","link":"https:\/\/tradersofcrypto.com\/news\/waves-waves-extends-rally-to-all-time-peak-near-60\/","title":{"rendered":"Waves (WAVES) Extends Rally to All-Time Peak Near $60"},"content":{"rendered":"\n<p>Waves (WAVES) broke a series of records and broke above $50 for the first time on Tuesday. WAVES has been one of the lagging altcoins that is making its way into becoming a leading DeFi asset.<\/p>\n\n\n\n<p>WAVES traded at $58.18 a day later, rising by another 22% in a day. The trading pairs for this token also broke the all-time volume record, with $4.4B equivalent changing hands in the past day. This time, WAVES outperformed other assets as the <a href=\"https:\/\/tradersofcrypto.com\/news\/bitcoin-btc-above-48000-how-far-will-this-rally-go\/\">Bitcoin (BTC) rally<\/a> stopped and only outliers continued to gain.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>WAVES Rally Awaited for Years<\/strong><\/h3>\n\n\n\n<p>For the Waves protocol community, a price hike to this range is not only logical but long overdue. WAVES was a promising protocol that remained in the sidelines, now hoping to regain adoption and line up with the likes of Terra (LUNA), Solana (SOL) and Avalanche (AVAX).<\/p>\n\n\n\n<p><a href=\"https:\/\/tradersofcrypto.com\/news\/what-brought-waves-above-20\/\">WAVES<\/a> started its rally from under $20, and had awaited this kind of price move for years. The rally was caused by a mix of factors, including the overall bullish moves of the entire crypto market.&nbsp;<\/p>\n\n\n\n<p>In the past few weeks, WAVES continued to build up value in it DeFi protocols. Waves now holds more than $4.3B based on DeFi Llama data, and close to $5B according to other counters.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Well, that&#39;s a good number indeed!<br><br>&gt;$5b locked in top <a href=\"https:\/\/twitter.com\/wavesprotocol?ref_src=twsrc%5Etfw\">@wavesprotocol<\/a> products! <a href=\"https:\/\/t.co\/yB9dJTQGJI\">pic.twitter.com\/yB9dJTQGJI<\/a><\/p>&mdash; Inal Kardan \ud83d\udc2c \ud83c\udf0a (1 \u279d 2) (@ikardanoff) <a href=\"https:\/\/twitter.com\/ikardanoff\/status\/1508809704327286796?ref_src=twsrc%5Etfw\">March 29, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The chief protocol that uses WAVES as collateral is Neutrino, locking in more than 68% of all value. But the WAVES platform hosts a total of five decentralized projects with more prominence, which also grow by leaps in the past weeks.&nbsp;<\/p>\n\n\n\n<p>TVL is a notional measure, and the actual dollar valuation hinges on the market price of WAVES.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How High Can WAVES Go<\/strong><\/h3>\n\n\n\n<p>At these prices, WAVES is not even in the top 30 of coins, but may soon join that list. The protocol has a market capitalization of just under $5.5B, with much potential growth. Given the low trading volumes and pickup in activity, this rally may establish a higher price range and a more liquid market for the token.&nbsp;<\/p>\n\n\n\n<p>While WAVES has seen extreme price predictions, the current rally is also somewhat puzzling. For skeptics, it may be an anomaly, and it was quite unexpected. One of the reasons for the rapid spike in price action may be the fact that traders are attempting to short WAVES.<\/p>\n\n\n\n<p>Causing a short squeeze has led to liquidations and a short squeeze. The expectation for WAVES to drop rapidly caused continued bets while the actual price rallied.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">So many people complain about losing lots of money trying to short <a href=\"https:\/\/twitter.com\/search?q=%24Waves&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Waves<\/a> (never do that!).<br>So let&#39;s start the competition \u2013 share a screenshot of how much $ and % you lost shorting <a href=\"https:\/\/twitter.com\/search?q=%24Waves&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Waves<\/a>, and you may be rewarded with a 100% breedable duck from <a href=\"https:\/\/twitter.com\/wavesducks?ref_src=twsrc%5Etfw\">@wavesducks<\/a>.<\/p>&mdash; Inal Kardan \ud83d\udc2c \ud83c\udf0a (1 \u279d 2) (@ikardanoff) <a href=\"https:\/\/twitter.com\/ikardanoff\/status\/1508812283731972102?ref_src=twsrc%5Etfw\">March 29, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In the short terms, WAVES is expected to move back to around $45 before deciding on a new price direction. WAVES is expected to top out at around $52.&nbsp;<\/p>\n\n\n\n<p>The asset is now up 400% in a month, becoming one of the big gainers in what looks like the beginnings of an altcoin season.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24WAVES&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WAVES<\/a> lol okay 400% since the buy signal printed on the daily chart. This is insane! <br>Are you in this trade?<br>Follow me for more charts and signals.<a href=\"https:\/\/twitter.com\/hashtag\/WAVES?src=hash&amp;ref_src=twsrc%5Etfw\">#WAVES<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&amp;ref_src=twsrc%5Etfw\">#altcoins<\/a> <a href=\"https:\/\/t.co\/Tbq8Hw35YF\">https:\/\/t.co\/Tbq8Hw35YF<\/a><\/p>&mdash; Sam Mti (@MTI_Trading) <a href=\"https:\/\/twitter.com\/MTI_Trading\/status\/1508744666056904707?ref_src=twsrc%5Etfw\">March 29, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>WAVES remains risky, and the current rally may be cut short, with an expectation of resuming a downtrend.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is WAVES a Stagnant Project<\/strong><\/h3>\n\n\n\n<p>The most skeptical view of WAVES is that it is actually a dead project and this is exit liquidity. However, the growing inflows of locked tokens in the Neutrino protocol and talk of an algorithmic stablecoin may provide real value.<\/p>\n\n\n\n<p>There is also real buying from the Neutrino protocol, which cannot be explained by an exit pump. The demand for WAVES-USDN swaps will continue to cause scarcity and boost prices. Additionally, Neutrino protocol shows value inflows happen within days.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u26a1\ufe0fWe completed our first steps towards decentralization and changed the mechanics of <a href=\"https:\/\/twitter.com\/search?q=%24NSBT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$NSBT<\/a> and swap. Welcome the updated website<a href=\"https:\/\/t.co\/1FGfboHpMK\">https:\/\/t.co\/1FGfboHpMK<\/a><br>All changes are described in detailed in our latest article. We congratulate our community and hope you will enjoy the update\ud83d\ude80 <a href=\"https:\/\/t.co\/RFy5ndDpdV\">pic.twitter.com\/RFy5ndDpdV<\/a><\/p>&mdash; Neutrino Protocol \ud83c\udf0a (1 \u279d 2) (@neutrino_proto) <a href=\"https:\/\/twitter.com\/neutrino_proto\/status\/1507128919685840904?ref_src=twsrc%5Etfw\">March 24, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The WAVES rally was caused by the high liquidity on Binance trading pairs. The asset actually traded at a premium above $51 in the <a href=\"https:\/\/tradersofcrypto.com\/exchanges\/binance\/\">WAVES\/BUSD pair on Binance<\/a>. The pairs allow for significant liquidity, though not enough to forestall a correction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>When is Waves 2.0 Coming<\/strong><\/h3>\n\n\n\n<p>Another boost for WAVES may come from the expectations set on Waves 2.0. The protocol does not plan a single launch event, but has planned a series of upgrades until the end of the year.<\/p>\n\n\n\n<p>Waves 1.0 was an alternative to Ethereum and worked as some of the basic proof of stake networks. As such, the protocol saw slow activity and was forgotten for years despite the hype in 2017 and 2018.&nbsp;<\/p>\n\n\n\n<p>Now, Waves 2.0 will be compatible with the Ethereum Virtual Machine (EVM) and will introduce DAO-like governance. The project will also have a corporate side, with a newly established US-based entity and an accelerator program.&nbsp;<\/p>\n\n\n\n<p>Waves will also try to become a hub for metaverse projects and other side startups. At this point, it is uncertain how far Waves will be able to compete with other more developed DeFi and NFT hubs. But a rapidly appreciating token with a potential upside may attract renewed attention to the Waves ecosystem and the growth of value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waves protocol locks in more value through Neutrino and the USDN stablecoin minting, which requires a WAVES collateral.<\/p>\n","protected":false},"author":3,"featured_media":2049,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12,481,479],"class_list":["post-2048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-btc","tag-neutrino","tag-waves","entry"],"_links":{"self":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts\/2048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/comments?post=2048"}],"version-history":[{"count":0,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts\/2048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/media\/2049"}],"wp:attachment":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/media?parent=2048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/categories?post=2048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/tags?post=2048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}