Waves (WAVES) Price Sky Rockets 60% Following Launch of New Initiative

Waves (WAVES) Price Sky Rockets 60% Following Launch of New Initiative

  • Trading over a market cap of $5 billion, it reached its all-time high price of $50.89. 
  • Waves Exchange, a decentralized crypto trading centre, is its most popular application.

WAVES, the eponymous blockchain platform’s native currency, has risen 60% in the previous 24 hours, surpassing the more prominent altcoins. Waves Labs, the company’s new initiative in the United States, seems to have sparked the token’s recent surge.

WAVES/USDT: Source: TradingView

Trading over a market cap of $5 billion, it reached its all-time high price of $50.89. The token’s trading volume surpassed $3 billion for the first time. As a result of its recent rise, the token has now surpassed Decentraland’s MANA and Axie Infinity as the 32nd biggest cryptocurrency by market capitalization.

Creating customized coins and smart contracts on the Waves Protocol network is possible. Waves Exchange, a decentralized crypto trading center, is its most popular application. In a news statement, Waves Labs announced that it is launching a new business to represent the blockchain in the United States.

Aggressive Marketing and Recruitment

In addition to generating money and providing assistance for new blockchain initiatives, the company plans to engage in “aggressive” marketing and recruiting. This is why the company has announced the appointment of a senior management team that includes numerous crypto and fintech professionals. Among the firm’s advisors will be protocol’s creator Sasha Ivanov. In addition, a significant milestone in Waves’ preparations for 2022 was disclosed in February. A decentralized governance architecture and more interoperability with other blockchains are also in the works for the protocol.

Waves’ recent increases show that altcoins are becoming more popular. In addition, other cryptocurrency projects have benefited from Ethereum’s (ETH) growing popularity ahead of its switch to a proof-of-stake architecture. According to CoinMarketCap, the Waves price today is $50.89 USD with a 24-hour trading volume of $3,827,595,005 USD. Waves have been up 59.44% in the last 24 hours.

The post has appeared first on thenewscrypto.com

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