Is Waves a good investment? • Cryptocurrency analysis

Have you decided that WAVES is a good investment? You can get WAVES on FTX today.

As the decentralized finance (DeFi) industry continues to grow exponentially, many new tokens and blockchains are being built every day. One project, Waves, makes it easy for ordinary people to join the crypto space and create their own tokens.

Waves was originally launched to improve the speed, utility, and usability of Ethereum. Since its inception, Waves has undergone various changes, making it the blockchain platform it is today.

What is Waves?

Waves is a versatile blockchain platform that supports the development of decentralized applications (DApps) through smart contracts. Waves uses the Proof of Stake consensus mechanism to verify block transactions.

The platform was launched in June 2016 following the industry’s first initial coin offerings (ICOs) and was founded by Ukrainian-born scientist Alexander Ivanov. Waves was created to help users create and launch their own crypto tokens. The idea is that people without prior programming experience or knowledge of smart contracts will be able to deploy a contract.

WAVES is the native token of the Waves blockchain used for standard payments and block rewards. Essentially, the WAVES token is used for all transactions on the network. Users can also stake WAVES to gain yield.

WAVES Price history

The current market capitalization of WAVES is approximately $2 billion, with an unlimited maximum supply. The price of WAVES has increased significantly in recent years. It had its first bull cycle in December 2017 (along with Bitcoin’s run) and then entered a long-term bear market. At the end of 2020, WAVES entered another bull cycle, seeing prices as high as $42.

Wave Contest

Since the development of Waves, other products have appeared offering similar services. Gravity, which is a cross-chain oracle network, and Neutrino are just a few examples. The advantage Waves has over its competitors is that it was the first established product of its kind in the DeFi space, which gives it much more credibility.

How to buy WAVES

You can buy WAVES on FTX. A centralized exchange like FTX is a great choice for individuals to start buying cryptocurrency. Before you start trading, you will need to verify your identity by providing your legal first and last name, uploading a photo of your government ID card and uploading a photo of yourself.

To start

securely through the FTX website

Exam in 1 minute

Binance is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score, and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely at 2nd and 3rd place, respectively.

Previously based in Malta, Binance Group is now based in the Cayman Islands. Binance has several registered sites and entities around the world. In the United States it is called Binance.FR. The exchange in the United States uses the same state-of-the-art technology and trading services as its global counterparts, the difference being compliance with US regulations. It is operated by San Francisco-based BAM Trading Services.

Binance.US ranks 9th on CoinMarketCap’s list of top 10 exchanges based on metrics such as 24-hour trading volume, exchange score, and average liquidity. Binance could be a good platform to invest in cryptocurrencies if you are a US-based trader who trades frequently, does not intend to pay high trading fees and needs access to a large number of cryptocurrencies.

Best for

  • US citizens
  • Frequent day traders
  • Users interested in Binance Smart Chain (BSC) and Binance Coin (BNB)

  • Low trading fees
  • Easy to use platform
  • Wide selection of altcoins – it offers 51 cryptocurrencies apart from Bitcoin (BTC)
  • Good customer service
  • High liquidity due to large trading volumes
The inconvenients

  • Only residents of 43 US states can trade on Binance.US. You cannot trade on this platform in New York, Connecticut, Hawaii, Texas, Vermont, Idaho and Louisiana
  • Despite the wide choice of altcoins, the number of tokens offered on the US platform is not comparable to the hundreds of choices available on the Binance global platform
  • There is no option for telephone customer support

Best Hardware Wallet for WAVES

When you own a digital asset like cryptocurrency, it’s often a good idea to get a hardware wallet to protect your private keys. A hardware wallet is the best way to ensure the security of your private keys and digital assets.

Best Hardware Wallet: Ledger

Ledger is the most recognized offline hardware wallet currently available. It connects via Bluetooth and USB, depending on whether you want to use your computer or your mobile device. The Ledger app also makes it easy to secure, store, and manage your assets.

Ledger Hardware Wallet

Buy now

securely through the Ledger Hardware Wallet website

Exam in 1 minute

Launched in 2014, Ledger has evolved into a rapidly growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for businesses and individuals. Born in Paris, the company has since grown to over 130 employees in France and San Francisco.

With 1,500,000 Ledger wallets already sold in 165 countries, the company aims to secure the disruptive new class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates with a secure chip for its line of wallets. So far, Ledger is proud to be the only market player to provide this technology.

Best for

  • ERC-20 Tokens
  • All experience levels

  • Easy to set up and use
  • Supports over 1,500 different digital assets
  • Inviolable
  • Portable
  • Long battery life
  • Bluetooth Connectivity Features


Bonus section:

Keep an eye out for future projects built on Waves as they will add value to the network.

Cryptocurrency Market Outlook

This period of hesitation in the market is due to investors waiting to see if the price of Bitcoin will recover or continue to fall. The coming weeks will be important in determining the future of the crypto market.

Is WAVES a good investment?

For people looking to invest in alternative blockchain platforms, WAVES may be a good investment for you. WAVES can also be a solid investment for people who want to use its platform. If you are interested in deploying a token or smart contract and want to have a user-friendly blockchain experience, WAVES can be a great option. For people who want to maximize short-term gains and are looking for exponential growth, WAVES may not be the best investment choice.


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