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The post WAVES Price Hits ATH With More Than 65% Upswing, What’s Next? Pull Back or Extended Rally appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

In the past couple of days, Bitcoin and other altcoins are experiencing a strong bullish trend. Among the best performers in the industry, the eponymous Blockchain platform’s native token, WAVES Price has emerged as one of them. 

The token jumped more than 65% in the last 24 hrs hitting an all-time high above $50. The launch of the US venture, Waves Labs, might have pushed the token’s price to hit an all-time high.

At the time of writing, WAVES Price is trading at $53.24 with a surge of more than 60% in the last 24hrs. Along with the token trading at ATH, the market capitalization now stands at $5 billion and the trading volume has also surged to over $3 billion.

However, if the asset faces a 100% extension, then the price might hit above $53.07.

The token’s bullish movement has placed the token as 32nd largest cryptocurrency replacing Decentraland’s MANA and Axie Infinity (AXS)

A Blockchain, Waves Protocol allows for the creation of custom tokens and smart contracts.

Waves Lab Launched!

In a press release by the company, it is said that Waves Lab is a new venture representing the blockchain in the United States. As per the release, the firm is not only looking forward to raising funds, but also supporting new projects on the blockchain and engaging in a robust marketing and hiring plan.

The Waves protocol also plans to establish a decentralized governance model with increased integration with another blockchain. The firm announced that it has hired a senior leadership team and the protocol founder, Sasha Ivanov will serve as an advisor to the firm.

Also, the daily chart predicts the Waves price’s strong bullish trend. The coin has rallied above 25-day and 50-day moving averages while the Relative Strength Index has moved to an overbought level.

2 thoughts on “WAVES Price Hits ATH With More Than 65% Upswing, What’s Next? Pull Back or Extended Rally

  1. Back in November of last year I was trying to make a quick $500 so put some Fiat into Crypto to see if I can earn more than 0.5% interest.

    Fast forward to right now and my 37k turned into 12k.

    Yep. So I need my portfolio to triple just to be behind 1k.

    All I have to say is… Worst financial decision I have ever made in my life.

    I don't wanna hear about buy the dip. Did that the last 18 times. That was how I got into this mess. ADA at $1 seemed like a safe move. Link at $10 seemed like it was a fire sale. Now it's all dead.

    How long til it recovers? Or will it ever recover?

  2. Reports came out yesterday, August 24th, 2022 that the WEF official website is listing Ripple as an official partner of the organization.

    “Ripple is dedicated to creating powerful gains in financial efficiency, equity, and inclusion.“

    WEF further states:

    “Ripple is developing and enabling future use cases that will catalyze the new digital economy for governments, businesses, and consumers.”

    Not only is Ripple displayed on the WEF website, but they are also officially on the partners list.

    This does not come as a surprise because Ripple CEO Brad Garlinghouse spoke at the WEF 2022 panel discussion held in Switzerland.

    Nothing but shocking developments coming from the Ripple team and the XRP ecosystem.

    Written by calex960 on thexrpdaily

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