With smart contracts getting wider recognition, the projects providing this feature look quite interesting to the investors. One of the exciting and promising blockchain projects with well-developed functionality is the Waves network, which showed significant performance recently. Read our Waves token price prediction to see if it’s an asset to keep in your wallet.
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Waves Price Prediction: Does Waves Crypto Have a Future?
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Table of Contents
Waves Fundamental Analysis
Project name
Waves
Stock Symbol
WAVES
Current Price
2.121119
Current Supply
110990386
Launch Date
2016
Official Website
Waves is a community-based stack of decentralized open-source technologies for the creation of scalable, user-friendly applications. It is a multi-purpose blockchain platform that enables NFTs, DAOs, and other new business models related to digital technologies.
Being a smart-contract-first platform, Waves allows the development of new dApps with their own tokens that are the iterations of the base version.
One of the main advantages of Waves is its scalability as it allows it to develop fast at a very low cost. The project also aspires to be eco-friendly and works on leaving a minimal carbon footprint. It is also interpolable and can be bridged to other ecosystems.
Waves was launched in 2016 by Ukrainian-born scientist Alexander Ivanov. The project held
one of the first initial coin offerings in the crypto space, which raised about $16 million. During the ICO Waves has minted 100 million tokens, from which about 85 million were distributed to the participants. The rest of the coins were kept for bug bounties, early investors, developers, and strategic partners.
The platform uses its own programming language called RIDE and also a modified proof-of-stake protocol named LeasedPoS. Since its launch, the platform has undergone several changes and got new features to build on its original design.
WAVES is the native token of the project used for the standard payments, including the block rewards. Token holders have the right to govern the platform and choose the changes to the protocol. The approvement of any modifications requires more than 80% of the votes to be in favor of it.
In October 2019 Waves coins holders voted for the project to move from a fixed to a deflationary token, which means that the number of tokens will increase over time.
Waves Live Price Chart
WAVES coin is one of the best performances in 2022 so far. Moreover, it has been in a strong uptrend since the beginning of 2020. Last spring the token went up from the first week of April, but stayed around $36 just for two weeks and then went down as the crypto market started to turn bearish.
Till the beginning of August, 2021 Waves coin was above its average, but not going higher than $16.8. But from the middle of August, the situation started to change and the asset started to actively gain value. After reaching $26.2 on August 14 and went for a short correction and continued to grow.
On September 3, the WAVES token reached $30 and then went up to the level of $32 two weeks later. At the end of the month, the price dropped to $22 and started to recover only in the beginning of October. On October 13 the coin price reached $32.27.
As the market flipped bearish Waves also couldn’t maintain its position and went to a continuous downtrend that lasted till the end of February 2022 when the token was trading around $8.9-$9.5.
At the beginning of March, the WAVES token was trading strongly bullish. According to the market experts, WAVES then went to the corrective phase which is considered to be either flat or an irregular correction.
During the last week, WAVES gained 61% of its value. Recently WAVES had a crazy bullish pump in which it reached a new all-time high of $59.13 on March 30 and then lost 11% of its price gain to a correction.
Waves Technical Analysis
Despite the fact that 100% accurate technical analysis for Waves cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated WAVES buy-and-sell rating for selected timeframe. The summary for WAVES/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Waves Price Prediction
Below we have collected the most reliable price projections for Waves (WAVES) from popular forecast platforms.
Waves Price Prediction for 2023
As for Waves price predictions for 2023, there are divergent opinions. PricePrediction.net expects an upturn towards $3.181679, and WalletInvestor echoes with ~$3.627113 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Waves’s future price, citing numbers downwards of $0 in December.
Potential ROI:
7%
Buy
Waves Price Prediction for 2024
In their Waves price predictions for 2024, PricePrediction.net forecasts the coin’s price to go down to $2.015063 by December. Forecasting Waves future, TradingBeast expects further decrease of its price, too, saying the Waves price will reach ~$0 by that time. On the contrary, WalletInvestor keeps predicting Waves price growth, quoting prices around ~$3.711958 in 2024.
Potential ROI:
-10%
Sell
Waves Price Prediction for 2025
Waves price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0–$0.657547 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $2.439287 in December 2025.
Potential ROI:
-51%
Sell
Waves Price Prediction for 2026
PricePrediction.net has only pessimism in store for the 2026 Waves price prediction, valuing Waves at $1.399939 by the end of 2026. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Waves price prediction for December of this year is just $2.821088.
Potential ROI:
-34%
Sell
Waves Price Prediction for 2030
Speaking of long-term Waves price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Waves price will grow further and eventually reach $3.945281 by the end of the decade. PricePrediction.net’s price prediction for Waves echoes with the projection of an uptrend to $4.114971. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.
Potential ROI:
27%
Buy
Summary
As it can be clear from the analysis cited above, Waves (WAVES) projections are rather contradictory. There is no universal consensus either about positive or negative future WAVES price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Waves projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
