Waves Stablecoin Crash Sparks Death Spiral Fears

The process of issuing tokens to attract financing is called Initial Coin Offering , somewhat resembling Initial Public Offering . Investors can purchase project tokens for any convenient currency (US dollars, Euro, Bitcoin, Ethereum, etc.). Token buyers can resell, donate, or exchange them for different crypto tokens within the Waves blockchain infrastructure. The Waves platform provides low transaction fees, low latency, and high network throughput capacity. It allows traders to securely store their assets, safely and quickly trading those assets at any time using the built-in decentralized exchange . Companies can issue their own tokens to start their business, crowdfunding, loyalty programs, etc.

These most commonly include stablecoins pegged to fiat currencies, including the US dollar , Japanese yen , and Pound sterling . CoinSwitch crypto exchange offers a smooth, safe crypto experience and is the largestcrypto app in India with 1.8 million users. Waves benefits from its own independent exchange which is fully decentralized. The Waves wallet, the lite client, includes fiat money gateways, allowing for tokens traded on Waves to be exchanged for fiat money immediately. Due to the decentralized nature of the DEX exchange, funds are held in the Waves wallet as opposed to being held on the exchange. The Waves platform itself has been described as a cryptocurrency version of the Kickstarter crowdfunding platform. According to the ICObench tracker, there were around 100 crowdsales on Waves in March 2018 spanning 25 categories.

Waves WAVES Prices

Waves seems to be one of the top-gaining cryptocurrencies this year. According to the recorded aWaves seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WAVES in the past few months, WAVES is considered a good investment in 2022. If investors flock in and continue to place their bets on Waves , it would witness major spikes. From the above chart, the Relative Volatility Index of Waves . RVI measures the constant deviation of price changes over a period of time. In fact, WAVES’s RSI is at 43.32, thus confirming a potential buy signal. Accordingly, if the investors turn against the crypto, the price of the WAVES might plummet to almost $2.04, a bearish signal. From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Waves .

If you are a new user, this is the easiest option to purchase Waves . But before you can buy Waves , you’ll need to open an account and verify your identification. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Complete your transaction and move your WAVES to a wallet for storage.


Waves has also given a special liquidity rate greater than 80% of the available waves tokens in the network already locked. As one of the initial coins in its era, Waves is voyaging to enhance blockchain’s early products and platforms. Buckle up as we decode the feasible WAVES price predictions for 2022 and beyond. Right now, you can buy Waves at a good number of cryptocurrency exchanges, including Binance. Once you have your trading account set up at one of the exchanges that trade Waves, you will need to transfer your Bitcoin or ETH to that specific exchange. Even with the recent 100%-plus runup, WAVES is still trading at an 82% discount from its peak price just two months ago. And despite its recuperating stablecoin, Waves has a diverse ecosystem that includes an NFT marketplace, decentralized crypto trading exchange, financial services, and NFT-based gaming portal. Additionally, the Waves blockchain runs on an eco-friendly proof-of-stake consensus model.