Waves - Storing, Managing and Issuing Digital Assets, Easily and Securely

Posted by Matteo Poole on Feb. 27, 2019, 6:41 p.m.

Coin discovery: Waves


Project Info and Use-Case:

Waves is a blockchain platform where, similarly to Ethereum, users can create their own custom token in ‘as little as one minute’. The Waves Tokens can the be used for project crowdfunding, loyalty reward programs, or as an in-app currency. This can be an easy way to benefit from high network capacity, low latency and low transaction fees, without needing specific crypto-expertise. 

Additionally, Waves has its own decentralized exchange (DEX): WavesPlatform, where users can trade in a safe and decentralised way, on an exchange with significant liquidity, and low fees. Custom Tokens created on Waves’ blockchain are always tradable on WavesPlatform.


Coin Specifications:

Coin type: Proof of Stake (POS)

Market Cap Avg: $272,112,444 USD (76,231 BTC)

Volume Avg (24h): $20,548,669 USD (5,756 BTC)

Circulating Supply: 100,000,000 WAVES

Max Supply: 100,000,000 WAVES

Additionally, Waves ($WAVES) has been in existence since 2013, and its use-cases and adoption have been growing ever since. The following are some of the exchanges on which Waves is listed: Binance, Bithumb and OKEx.


Coin Correlation Analysis for Portfolios:

>Waves  (WAVES-USD) has a small and not significant correlation of -0.18 with Bitcoin (BTC-USD) over the last 30 days, increasing to 0.3 over the last 14 days. Waves’ volatility has been on average around 4.43% daily, and only 1.81x higher than Bitcoin’s (2.45%).

>Overall: Preferred in any market condition. Good portfolio addition as it does not follow BTC's price trends. Due to the coin’s volume and volatility, the ideal portfolio allocation is medium-significant.


Technical Analysis (See Graph):



Published and Edited by: Matteo Poole - Head of Market Development at Yanda.io.

Disclaimer: Please keep in mind this is not financial advice, but just an argumented opinion, so don’t treat it as such.


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