Why did WAVES Coin Experience 200% Surge? - Global Coin Report
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Why did WAVES Coin Experience 200% Surge?

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Waves coin

Despite the fact that the crypto market was far from perfect in 2018, and has actually suffered huge losses, investors have really tested their support for certain cryptos in the last month. Ever since November 14th, the entire market was nosediving into new lows, most of which were not seen in well over a year. Only a few days ago, on December 17th, did the situation start to change, and multiple coins started trading in the green again.

However, the situation was noticeably different for WAVES coin, which started seeing an increase in early days of December. Since then, the coin has seen a surge of several hundred percents, which has made it one of the most well-performing coins this month.

After hitting the lowest point of $0.97 on November 27th, Waves coin started growing. It peaked at $4.43 on December 19th, which is when it experienced a slight drop once again.

At the time of writing, Waves has a price of $3.32 per coin, after experiencing a 10% drop in the last 24 hours. However, the question that has had investors and analysts puzzled is — why did Waves start growing out of nowhere?

Why did Waves coin grow?

The first thing to understand about Waves is that it is a platform created for developing an ecosystem for business. With it, anyone can create their own project, and run an ICO. Additionally, any platform member can use it for sending, storing, and exchanging crypto.

Thanks to the use of blockchain technology, the project is decentralized, anonymous, and independent. The platform was clearly created with a web developer generation in mind, which has brought it to the attention of many in the crypto community.

However, like any other good crypto project, Waves coin has continued to develop and improve, enter new partnerships, and more. This has also led to the creation of its mobile wallet, which was recently improved, and the secret of Waves’ growth might be tightly connected to it. The improvement revolves around the wallet now allowing credit card purchase of Waves coins, that can later be exchanged for BTC or another crypto.

So far, the app has seen over 100,000 installs from Google Play Store alone. The app is also much more than just a wallet, as it offers popular features which crypto traders and investors might find very useful. This includes trading on DEX, different tools, charts, access to fiat and crypto gateways, the ability to deposit, withdraw, store, or trade assets, and more.

Unfortunately, US users will not be able to enter the crypto market by using their credit cards in this app, which leaves Coinbase as the best option for them. The reason for this is the fact that the wallet uses Indacoin, which is not available in the US.

Analysts now believe that the changes made to the wallet might be the reason why Waves is seeing more usage, as well as why its price has spiked so suddenly in a period where every other coin was experiencing losses. However, this is not the only reason why this project deserves the attention of traders and investors.

In addition to its mobile app, Waves coin has shown to be quite successful in providing an ecosystem for token development. While it has already had a few good ones, numerous others are still in the works and are expected to arrive at some point in the future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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