The Waves WAVES/USD cryptocurrency has seen an increase in trading volume of up to 30% throughout the last 24 hours, and its token has been as volatile as ever.
Waves is a multi-purpose blockchain platform that supports a variety of different use-cases, such as decentralized applications (dApps) and smart contracts.
Waves developments as catalysts for value
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On May 15, Waves sold Duck NFT “Perfection” for $1,000,000 on SGN Art, which is a web gallery for blockchain-certified art as well as non-fungible tokens (NFTs).
One of its latest products, Waves Ducks, is a game focused on collectible digital duck images in NFT formats.
This project takes advantage of internet culture, memes, jokes, and creates characters in the form of duck NFTs on a regular basis.
These can then be sold, and all of them have value. Think of it as a project along the lines of what we saw with CryptoPunks.
On June 29, it was announced that the project surpassed 6,000 users.
Users got the opportunity to provide liquidity to the EGG – WAVES pool on Swop.fi and keep their tokens on the service.
On June 29, the value of WAVES was $14, and after this, on June 30th, its value got up to $16. That’s an increase of 12%.
One of its more recent all-time high prices occurred just on May 4, where it rocketed to $40, from the $12 price point it had on April 22.
Should you buy Waves (WAVES)?
July 8, the price of Waves (WAVES) is at $15.
To get a perspective of the potential growth of the token, let’s analyze its previous month.
On June 17 it had its highest point with a value of $18, while its lowest point was on June 22, where it had a value of $11.
This gives us a perspective of how far the token has gone up in value as of recently.
When we take into consideration the fact that it got up to $40 in May, and that their game Waves Ducks is getting a lot of traction.
This is done through offering referral link options for players to share it with their friends that can lead to rewards, we can see the WAVES token increase in demand and as such, value.
Waves is a project that attempts to revolutionize the web, and as such, this increase in token demand could lead to a heightened value.
Throughout the span of the next few weeks, we can realistically expect the WAVES token to get to the $18 mark yet again.
This is evident by its 30% increase in trading volume throughout the last 24 hours.
This just might be the cryptocurrency underdog worth investing in.
Where to buy right now
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