Waves (WAVES) Cryptocurrency: Is It A Buy, Hold Or Sell Right Now?

Last Updated March 24th 2022
4 Min Read

Thanks to the rapid growth of the DeFi and NFT market, cryptos like Waves have reached high investment potential. 

With the exponential growth of the decentralized finance (DeFi) industry, new tokens and blockchains are being built every single day. Waves is a novel project that makes it easy for ordinary people to join the crypto space and create their own tokens. As one of the most ambitious projects based on multi-chain infrastructure, Waves offers multiple solutions to its users by bringing numerous blockchains on a single unified network. The rising popularity of the WAVES token has led to investors mulling over the question - Do we buy, sell or hold Waves right now?

A Market-Beating Cryptocurrency — But For How Much Longer?

Its record-breaking growth has made WAVES one of the most aggressive virtual assets in the crypto market today.

The Waves crypto was initially launched to enhance Ethereum’s speed, utility, and user-friendliness. Since its inception, the platform has undergone numerous changes, making it the blockchain platform today. WAVES has shown a growth rate of over 26.7% in the past 12 months. Thanks to the token’s consistent rally, WAVES has positioned itself as a profitable buy. 

Waves strive to bring to its users the functionalities of decentralized finance (DeFi). At the same time, it allows users to take advantage of a user-friendly interface. Moreover, Waves offers various use cases and a solid foundation for Web3 application development in domains like security, decentralization, open finance, personal identity, and gaming.

The Road Ahead For Waves

Waves has established its position as an advanced next-generation cryptocurrency to buy now. 

In terms of its technology, the network has a strong foundation. It uses a variation of the Proof-of-Stake (PoS) consensus mechanism - the Leased Proof-of-Stake (LPoS). The LPoS enables full nodes to earn a profit after producing new blocks in the platform. Moreover, developers have more plans to expand on their token and network capabilities in the future, solidifying WAVES as a profitable investment option. 

Facilitating The Creation Of Custom Tokens 

The Waves crypto aims to address one of the oldest issues in the crypto market - confusion. Cryptocurrency itself is a highly complicated technology. Also, the aspect of programming and launching your own token seems like an impossible task for several people. Thanks to Waves, now anyone can create and launch custom crypto tokens without any prior understanding of the technology. 

Waves - A Platform Of Choice For Developers

Waves offers developers a zero-fee structure. The gas fees are incredibly high in the Ethereum network, and users are looking for potential alternatives now. Waves eliminates gas fees and replaces them with a minuscule flat fee. This way developers can create more robust dApps for users. It claims to offer a unique approach to the development of decentralized applications. It also provides its native language called ride for smart contract creation. 

The Launch Of The NFT marketplace

Waves seems to be a good buy now as it has more plans to expand its boundaries to the NFT sphere. It launched an NFT marketplace inside its Duck Hunters game in June 2021 to infuse the gaming avatars with liquidity and value. The NFT marketplace is completely based on smart contracts written in the Ride programming language. 

Read Also: Waves (WAVES) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Is Waves A Buy, Sell Or Hold?

Unlike other cryptocurrencies, Waves promote mass adoption through simplicity. This next-generation cryptocurrency offers tons of benefits to its users, making WAVES an ideal buy now. Moreover, the developers behind the platform are highly focused on the future. Since tokenization is one of the fastest-growing sectors in the market, Waves, as an easy-to-use token launch platform, has plenty of room for growth, boosting its investability quotient. Analysts expect Waves to continue its position in the top spot in the market for the foreseeable future. 

A Cryptocurrency Under Close Watch — Now And Always

For individuals looking to invest in alternative blockchain platforms, WAVES seems to be a good investment option. The Waves community has set higher benchmarks for itself in the market today. The developers behind the project are also aiming to introduce a powerful toolset to aid in the development of Web 3.0 decentralized solutions. But is Waves a buy, hold or sell right now? Thanks to its innovative approach and track record of providing helpful blockchain services to the masses, Waves could be a good buy right now. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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