In this guide, we will voice our own and market’s opinion on WAVES future while discussing Waves price forecast for 2023 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 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)
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
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
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 2023
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:$ 2.15
WAVES price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com