WAVES is a project we have been keeping an eye on for about a year and we missed the November and December 2020 rally. Luckily we saw a decent retracement
in the price. Wave's price retraced 29% off it's high of $9.33 set on 07 December last before we went long WAVES/USD on 05 January and are +66% on the trade. It is time for us to catch a second wave with the $8.90 resistance eclipsed.
We have rising moving averages on a 1 year chart and the price has found support consistently at the 120 exponential moving average ( EMA ) throughout 2020. Waves reached $16 back in December 2017 so the price is still some way off the all time high.
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.
in the price. Wave's price retraced 29% off it's high of $9.33 set on 07 December last before we went long WAVES/USD on 05 January and are +66% on the trade. It is time for us to catch a second wave with the $8.90 resistance eclipsed.
We have rising moving averages on a 1 year chart and the price has found support consistently at the 120 exponential moving average ( EMA ) throughout 2020. Waves reached $16 back in December 2017 so the price is still some way off the all time high.
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.