From $8.5 to $60 - The Reasons Why Waves Coin Pumps Hard

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Waves is one of the smart contract blockchains that has been operating since 2017. Until the first quarter of 2022, the price actions of the coin was more or less predictable when the technical charts are followed. However, Waves recently tested $60 starting to its journey from $8.5 double bottom level.

The reasons why Waves Skyrocketed:

  • Waves 🌊 (1 ➝ 2) + DeFi
  • Practical Proof-of-Stake Sharding (PPOSS)
  • Alfa Bank & Allbridge Partnerships
  • Debut at US Market with $150M Fund

reasons why waves coin pump hard in 2022 crypto.png

Technical Development - EVM & PPOSS Waves 2.0

The new concept of Waves 2.0 is developed to enhance blockchain capabilities of Waves blockchain and becoming more adaptable to Ethereum Virtual Machine in the technical side.

When it was first launched on 10.02.2022, the whole sentiment of the ecosystem changed with the upcoming development in the ecosystem. The projects such as Vires Finance and PuzzleSwap gained more liquidity and attracted more attention thanks to the eyes on the growing Waves ecosystem.

Thanks to Vires Finance, the De-Fi concept is migrated on Waves Blockchain and the assets are secured via USDN (backed by Waves - produced by locked Waves tokens like HBD)

Holding Vires brings ETH, BTC, Waves, USDN, USDT, USDC & EURN daily for those who stake their Vires tokens.
vires total liq.PNG

PuzzleSwap Mega Pools provide shareholders receive revenue from several pairs of coins in the megapools. Each trade reduces a small portion of exchange fee to feed the mega pools in addition to Puzzle tokens.

I think this concept is one of the most interesting De-Fi liquidity trends that we should adapt in Hive ecosystem. Via megapools, the liquidity providing becomes more rewarding ✌

Note: Most of the tokens are farms of the Play2Earn game Waves Ducks

puzzleswap megapool.PNG

Alfa Bank & Allbridge Partnerships

Alfa Bank is a prestigious local banks and earlier Expo Bank launched Waves-backed loans in fiat. When we consider all these bounds with the players of financial system, we can conclude the successful strategic partnerships of the Waves team.

Recently, Allbridge and Waves established partnership that let Waves be compatible with both EVM and other types of blockchains. As I mentioned earlier, Vires Finance may bring millions of dollars to ecosystem as the Waves ecosystem operate collaboratively with other blockchains. Why not Hive partnership as well? 😎

Operations in US by Waves Labs Funds

This part is a bit based on speculative actions which may bring short term narratives for the traders but I think it is also quite important. Waves-based products will be initiated and the start-ups on Waves ecosystem will be funded to have a position in this open bazaar.

If we launch WavesCUB in Waves ecosystem and bridge both blockchains via Allbridge and LeoBridge, I think both of the blockchains can benefit from the authentic traffic of people and the exchange of liquidity. Though WavesCUB may not be in the to-do list, the price and attention will drive Waves into another level imho 🌊

Briefly, Self-Fulfilling High Level Ecosystem

What I really appreciate in Waves ecosystem is the collaboration between the developers of different projects. For instance, Waves Ducks project became the center of GameFi in the ecosystem and these Duck NFTs are used as the players in the new games. Also, the tokens initiated by the projects are always listed or bounded with other assets on markets.

The reason why they are successful is the focused mindset and full-time development in all projects. Isn't it like Hive ecosystem 🤩 I think Hive will share similar future with Waves in that sense 🔥

TL;DR

Waves blockchain has experienced a development that enabled the projects to become compatible with Ethereum Virtual Machine. In terms of the growth of ecosystem, De-Fi is prioritized and incentivized very well by both Waves Labs developers and the project owners. In the ecosystem, you can clearly see the unity of projects to grow together like we have in Hive ecosystem ✌

On the other hand, the partnerships like Allbridge, which enabled operations in several other blockchains, and $150M Fund for US are great steps to attract great projects to Waves ecosystem. Consequently, the value of the coin increased astonishingly.

Happy to say that Hive is just waiting for its turn. All these features can be adapted to Hive blockchain and amazing projects developed on it.
Will Hive be the next one?
Why not? 😎

Further Reading Cointelegraph
Further Reading Waves 2.0
Further Reading Stockhead

Posted Using LeoFinance Beta



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5 comments
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Thanks for sharing info about Waves.

I love to read about non-Hive projects within the Hive postings.

There is something sincere and valuable with these kinds of sharing when they happen in Hive. Bravo!

Posted Using LeoFinance Beta

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Thank you for your comment

I care about exploring other chains as this can be mind opening for everyone. For example, I learned a lot thanks to Rune posts 😌 We can enrich Hive with pros of these chains imho

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great project and I see hive partnership in the future as we have big big NFT gaming platform

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I want such a world that each blockchain project has the community on Hive. In addition to blogging, GameFi in Hive is also quite promising 🤙🏽

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