IGNITION
streamoors
Injective
NEAR Protocol
Pearl
LayerZero
Quantus
- WAVES was founded in 2017 by Sasha Ivanov. It helps users to create their own cryptocurrency on the platform. They can also trade and exchange the coin.
- WAVES is a digital wallet that stores cryptocurrency, which is known as the Waves wallet. It allows holders to invest, or store cryptocurrencies on the Decentralized Cryptocurrency Exchange (DEX).
- Through technical analysis, we will gather some information about the WAVES token.
Allocation of WAVES
1% is allocated to the early supporters. 9% is allocated to the development team.
1% is allocated to the post-ICO bounties. 4% is allocated to the strategic partners and backers.
85% is allocated to the token sale.
Technical Analysis of WAVES
Its total supply in the market is 112,578,844 WAVES. The total volume traded in the last 24 hours is $17,536,803, which decreased by 4.60%.
The Current circulating supply is around 112,578,844 WAVES. It is ranked 110th out of all 9,092 cryptocurrencies in the market by volume(24 Hours).
The market capitalization of the WAVES crypto is $172,549,025. It is ranked 141st out of all 9,092 cryptocurrencies listed on the Coin market cap.
In the one-day time frame, the coin is continuously going down. It might make another resistance on the trend line and continue its downward movement.
On today’s trading day, it was down by 1.67% and overall it is up by 14.96%. During the last year, the coin was down by 61.38%.
The 5 candles in the box are known as falling three. The pattern indicates that the price may start to move up but after some time, it will start to fall again.
The formation does not indicate a reversal in the current trend but confirms that the price will rise for some time.
The Fear-and-Greed Index of the cryptocurrency market is showing 47 Neutral. The all-time high of coins was $61.30, which was made on 31 March 2022.
In the last 30 days, the coin recorded 19/30 green days, which is around 63%.
By 29 September 2023, prices might rise to $1.586103. It will be a 2.81% rise in price if it occurs. The market sentiments of Waves are bearish. Coin’s price volatility over the last 30 days was around 2.33%.
Price Prediction of WAVES (2024-2030)
| Year | Low | High |
| 2024 | $ 1.495095 | $ 2.59 |
| 2025 | $ 1.607341 | $ 3.23 |
| 2026 | $ 1.357426 | $ 1.897749 |
| 2027 | $ 1.359025 | $ 1.418138 |
| 2028 | $ 1.160807 | $ 7.53 |
| 2029 | $ 1.760792 | $ 11.39 |
| 2030 | $ 0.274357 | $ 3.36 |
Why Should You Not Invest in It?
In the last 3 years, the coin was down by 35.61%, and last year it was down by 61.51%. The current market sentiments are also bearish.
So, it is not the right time to invest in this coin. The coin is also going down and might continue its fall in the future.
Conclusion
By analyzing the coin through technical analysis, we can conclude that:
The live chart of the 1-D time frame indicates that the coin is in a downtrend position. The chances of the coin continuing downward momentum might be possible because of its trend.
It might go down to $1 in the future according to its current market trend.
Levels
Resistance Level- $2.3532499
Support Level- $1.4753341
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
