WAVES is a digital currency associated with the blockchain-based crowdfunding platform Waves. It can be used to create custom tokens, decentralized applications (DApps), and mediate transactions. Founded by a Russian physicist and entrepreneur Alexander Ivanov, it is a blockchain analog of the crowdfunding platform Kickstarter.
WAVES Coin is the platform’s internal token, which is used for all kinds of operations: transfer, withdrawal, and trading of assets. Unlike Ethereum, its primary competitor, it actually utilizes the Proof-of-Stake hash algorithm, meaning it does not involve mining. This confers Waves with more scalability. The programming language of the Waves platform is Scala.
Waves launched the world’s first and fastest decentralized exchange, DEX. The exchange can be used to trade any pair of tokens directly without utilizing intermediate currencies. Trading on DEX is thought to be safer than centralized exchanges since there is no need to withdraw any funds from your wallet.
WAVES price prediction
When Waves first started trading, the price was slightly above $1; it experienced an all-time high of $16 in December 2017. The current price of Waves fluctuates around $0.5. The supply of WAVES is limited to only $100 000 000 tokens, which provides some extent of protection against inflation.
The concept and architecture of Waves are universally acknowledged, which might be a good sign of its growth. Even though Waves is not the most common cryptocurrency, it can always be traded on DEX for any other currency. Furthermore, Waves has recently established agreements with some major organizations such as Microsoft, Russian Gazprombank, and the Moscow Stock Exchange to use WAVES Coin as a payment method.
Notably, the WAVES growing potential is not as dependent on the market fluctuations as the majority of coins. Some positive forecasts (CoinPredictor) predict the increase in WAVES price up to $4 in 2020. The overall consensus is the prediction of a bright future for this unusual cryptocurrency.