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“WAVES” rises by more than 100 percent in a week

Despite the number of risk factors in the previous month, the cryptocurrency Waves (WAVES) is now worth more than twice what it was just 30 days ago. At the time of publishing, Waves was trading at $18.14, up 1.84 percent on the day and 106.91 percent in the past week, with a market capitalization of $1.9 billion. There were also big gains for Waves, THORChain, and Anchor Protocol in the last 24 hours. These are the top three digital assets by market capitalization for the last day.

What is waves?

China’s worldwide proportion of Bitcoin transactions has dropped by 88 percent, according to the country’s central bank. Bill Miller, a billionaire investor, believes the Russian currency crisis is “very bullish for Bitcoin.”

As contributions reach $50 million, Ukraine gets a wave of Russian crypto wallets for “Blacklist.” Waves, in particular, is a blockchain platform on which users can build decentralised apps (DApps) and smart contracts. It promises to have a “minimum” carbon footprint and is based on the widely used Proof-of-Stake (PoS) consensus technology.

In addition to claiming compatibility with current ecosystems, they contribute to enabling the internet through the creation of new non-fungible tokens (NFTs). According to the project’s website, the average cost of a transaction on the Waves network is estimated to be US $0.018.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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