In this guide, we will voice our own and market’s opinion on WAVES future while discussing Waves price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Waves.
Now, let’s head into it. Before we delve deep into the Waves price prediction and answer questions if WAVES is a good investment or not, why will WAVES succeed or fail or why will WAVES price rise or drop, let’s quickly throw a glance at what is WAVES and its to date history.
What you'll learn 👉
What is Waves Blockchain?
Waves is a blockchain ecosystem that functions as a cryptocurrency, a token launch platform, and a DEX. The developers behind the project sought to introduce a powerful toolset to aid in the development of Web 3.0 decentralized solutions. Their goal was to design an easy to use Ethereum alternative to promote blockchain mass adoption. To this extent, the platform’s development team succeeded spectacularly.
The Technology behind Waves
There are three types of transactions on the main software:
- Custom Application Tokens (CATs)
- Decentralized exchanges (DEX)
- Anonymity
CAT stands for Custom Application Tokens. That’s basically a fancy phrase for the custom tokens that users create using Waves.
Anyone who wants to create a token can do so with the Waves exchange. This platform can be accessed via a computer, but it also works on an Android or Apple mobile phone. The Waves team has made it as easy as possible for anyone to create a token. Creating a new token costs 1 WAVES coin.
This ensures that user’s wallets directly amass finances, minimizing any loopholes for hacking. Further, decentralization maximizes a user’s control over their account.
Despite a requirement to issue KYC/AML information so as to access the fiat gateways, crypto- crypto transactions on DEX are absolutely anonymous.
The WAVES Token
The main reason that Ethereum can be so frustrating is that the transaction fees can get totally out of hand. During peak demand it can cost $5 or more just to send a simple transaction. Making a trade on a DEX can run $20 or more.
On the Waves platform there is a flat fee for transactions, ensuring that anyone can use the platform at any time. All transaction fees are payable in the native WAVES token.
Besides transaction fees, there are a couple of other uses for WAVES. Investors can use the token to stake and earn a passive income. Currently the ROI for staking is about 4.3%. WAVES tokens are also used to pay the fees associated with creating new tokens.
Waves was launched with a $16 million ICO. Each WAVES token sold for about $0.19 at the ICO, giving investors a very profitable return. WAVES are currently trading at over $6 per token.
WAVES Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now behind us. Ripple was also fined to pay \"only\" $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $55k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,300 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this summer were memes, RWA and AI projects.
Below is a tabular overview of how will WAVES develop in the short-term (for the next 90 days), according to our prediction model:
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Waves Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
WAVES Price Prediction 2025 – 2030 – 2040
Our prediction model sees WAVES reaching new highs in 2025:
$1.26WAVES price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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