WAVES Coin Weekly Analysis And Price Prediction

This article will analyze the WAVES coin according to www.coinmarketcap.com data. First, we will discuss the WAVES coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is WAVES Coin?

WAVES is a cryptocurrency that operates on its blockchain platform, designed to allow individuals and businesses to create custom tokens without technical knowledge or coding skills. Launched in 2016, WAVES aims to provide a user-friendly and accessible platform for individuals and companies to launch their digital assets.

The WAVES platform also includes a decentralized exchange (DEX), where users can trade various cryptocurrencies and tokens. Additionally, WAVES has implemented features like smart contracts, atomic swaps, and the ability to create non-fungible tokens (NFTs), making it a versatile blockchain platform.

What are the projects of WAVES?

As for the projects on the WAVES platform, it has been used to create various digital assets, including gaming tokens, stablecoins, and tokens for real-world assets like gold and real estate. Several businesses have also used the platform to launch their tokens, such as Tokenomica, a blockchain-based investment bank.

Factors Influencing WAVES Price

Like other cryptocurrencies, WAVES coin prices are influenced by various factors. Some of the critical factors that can impact the cost of WAVES coin include:

Market demand and supply

Bitcoin and Ethereum’s price movements

Adoption and integration of the WAVES platform by businesses and individuals

Competition from other blockchain platforms offering similar features

Regulatory developments and government policies regarding cryptocurrencies

It’s important to note that the cryptocurrency market is highly volatile, and the price of WAVES coin can fluctuate significantly in a short period. Investors should always research and evaluate the risks of investing in cryptocurrencies before making investment decisions.

WAVES COİN TECHNICAL ANALYSIS

Waves, which experienced a 98% decline from March 2022 to January 2023, disappointed its investors. Although it rose to $3.40 with purchases in the market in January 2023, it is currently trading at $1,935. According to www.coinmarketcap.com data, WAVES, which has a size of  $215,654,744, has had a volume of $139,247,035 in the last twenty-four hours.

WAVES Chart Analysis

Waves, which disappointed its investors by experiencing a 98% decline in a few months, dropped from $ 63.88 to $ 1.27. When we examine the Waves chart, we see that it has risen from $1.27. In the upward movement of the Waves coin, which we analyzed weekly, there is a resistance zone of $ 2,550, while it can be followed as a support area of $ 1.27 in possible pullbacks.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.

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