Following more than a week of gradual growth, Waves has just spiked by a further 14% to reach $1.44.

During this time, Waves has almost tripled in value after climbing from a low of just $0.52 in early December, up to a peak of $1.50 just yesterday. This has also seen it gradually climb the market capitalization rankings to become the 50th largest cryptocurrency by market value—up from rank 76th in November.

It isn't just its value that has improved lately either. In the last three months, the daily trade volume for the Waves coin has multiplied by a factor of more than ten, indicating a massive increase in demand for Waves. In the last day, more than $240 million worth of Waves changed hands—a 25x increase in just three months.

Dapps, smart contracts and crypto collectibles come to Waves blockchain

Waves has released a major upgrade, which the creators hope will make it a viable alternative to Ethereum, EOS and Tron. Dubbed Node 1.0, it adds support for smart contracts, opening the door for both dapps and crypto collectibles, like CryptoKitties. The update will need to be voted in with a minimum turnout of 80 percent—much higher than platforms like EOS. Its delegated proof-of-stake system–which is similar to Waves’–only needs 15 percent of participants to cast a vote to make it binding. It...

NewsCoins
2 min read
Tim Copeland

This recent growth appears to be related to news that Waves.Exchange—a hybrid exchange built into the Waves blockchain—added a decentralizeddecentralized staking interface for the Neutrino dollar (USDN). Traders can choose to lock up their Neutrino coins and receive a yield of around 17.8% per year in return. Since this is currently higher than the yield offered by most other staking coins, this could have pushed up the demand for Waves.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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