WAVES is a project we have been keeping an eye on for about a year now and we missed the November and December 2020 rally. Luckily we have seen a decent retracement
in the price of the crypto. Wave's price is 29% off it's recent high of $9.33 set on 07 December last. Time to get involved and invest some our Ethereum profit.
We have rising 100 & 200 day moving averages on a 1 year chart and the price has found support at the 100 day simple moving average (SMA). We see this as a nice probe entry into Waves and would keep that trade open as long as $4.93 (low of 04 January candle) is not breached. We may add a second tranche around $7 once resistance around that area is cleared.
Since its inception in 2016 by Ukranian theoretical physicist, Sasha Ivanov, Waves has been focused on the mass adoption of blockchain technologies. The team's main focal point is to improve user experience and build relationships with legacy institutions in both the public and private sector. The team originally aimed to simplify the process of asset tokenization and both crypto and fiat transfers. The Waves Blockchain Platform has since evolved to support smart contracts and dApp development.
Waves was designed to address the confusing cryptocurrency user experience and bring blockchain technologies to legacy institutions. It aims to achieve this by implementing interphases which are familiar to the average person.
Consensus on the Waves blockchain is achieved through a novel mechanism called Leased Proof of Stake (LPoS). Although there is hefty competition in this space already, most notably Ethereum, EOS, Lisk, and NEO, Waves stands out in its understanding of what it takes to achieve mass adoption of cryptocurrency and other blockchain technologies. They are even making the coding aspect accessible to the average Joe.
in the price of the crypto. Wave's price is 29% off it's recent high of $9.33 set on 07 December last. Time to get involved and invest some our Ethereum profit.
We have rising 100 & 200 day moving averages on a 1 year chart and the price has found support at the 100 day simple moving average (SMA). We see this as a nice probe entry into Waves and would keep that trade open as long as $4.93 (low of 04 January candle) is not breached. We may add a second tranche around $7 once resistance around that area is cleared.
Since its inception in 2016 by Ukranian theoretical physicist, Sasha Ivanov, Waves has been focused on the mass adoption of blockchain technologies. The team's main focal point is to improve user experience and build relationships with legacy institutions in both the public and private sector. The team originally aimed to simplify the process of asset tokenization and both crypto and fiat transfers. The Waves Blockchain Platform has since evolved to support smart contracts and dApp development.
Waves was designed to address the confusing cryptocurrency user experience and bring blockchain technologies to legacy institutions. It aims to achieve this by implementing interphases which are familiar to the average person.
Consensus on the Waves blockchain is achieved through a novel mechanism called Leased Proof of Stake (LPoS). Although there is hefty competition in this space already, most notably Ethereum, EOS, Lisk, and NEO, Waves stands out in its understanding of what it takes to achieve mass adoption of cryptocurrency and other blockchain technologies. They are even making the coding aspect accessible to the average Joe.