Is Waves a Good Investment?

tl;drThe Waves blockchain is designed to enable users to create and launch custom crypto tokens. Waves allow for the creation and trade of crypto tokens without the need for extensive smart contract programming. Rather, tokens can be created and managed via scripts that run in user accounts on the Waves blockchain. The Waves blockchain allows two different types of nodes to run its software: full nodes and lightweight nodes. The WAVES cryptocurrency plays a key role in maintaining and operating the Waves network. WAVES is used to create custom tokens and to pay for transaction fees. Further, the supply of WAVES tokens is limited – there will only ever be 100 million WAVES. Ownership of the WAVES cryptocurrency determines who gets to add new blocks to the Waves blockchain and who earns a share of fees paid for transactions. The Waves blockchain allows two different types of nodes to run its software: full nodes and lightweight nodes. Full nodes keep a complete history of the transactions, while lightweight nodes depend on full nodes for transaction confirmation and interactions within the network. Waves' price today (September 28,2021) is $23.88 with a 24-hour trading volume of $221,854,660. WAVES price is down -1.2% in the last 24 hours. It has a circulating supply of 100 Million WAVES coins and a total supply of 100 Million. If you are looking to buy or sell Waves, Coinsbit is currently the most active exchange. Waves' ROI Waves exceeded in 'Solana Ecosystem, Smart Contract Platform' categories which had 366% growth over the past year at the time of writing. It's underperformed in the crypto market which had 3143% growth over the past year.
Is Waves a Good Investment?
Is Waves a Good Investment?
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Introduction

The Waves blockchain is designed to enable users to create and launch custom crypto tokens. Waves allow for the creation and trade of crypto tokens without the need for extensive smart contract programming. Rather, tokens can be created and managed via scripts that run in user accounts on the Waves blockchain. The Waves blockchain allows two different types of nodes to run its software: full nodes and lightweight nodes. Full nodes keep a complete history of the transactions, while lightweight nodes depend on full nodes for transaction confirmation and interactions within the network. 

To keep its distributed network in sync, Waves uses a variation of the proof-of-stake (PoS) consensus mechanism called leased proof-of-stake (LPoS).

Why do WAVES have value?

The WAVES cryptocurrency plays a key role in maintaining and operating the Waves network. WAVES is used to create custom tokens and to pay for transaction fees. Further, the supply of WAVES tokens is limited – there will only ever be 100 million WAVES.  

Ownership of the WAVES cryptocurrency determines who gets to add new blocks to the Waves blockchain and who earns a share of fees paid for transactions. Any user wanting to become a full node will need a minimum balance of 1,000 WAVES. Waves enable users who do not have as many tokens to participate in mining by leasing their nodes, but leasing does cost 0.002 WAVES.

How do Waves work?

The Waves blockchain allows two different types of nodes to run its software: full nodes and lightweight nodes. Full nodes keep a complete history of the transactions, while lightweight nodes depend on full nodes for transaction confirmation and interactions within the network. To keep its distributed network in sync, Waves uses a variation of the proof-of-stake (PoS) consensus mechanism called leased proof-of-stake (LPoS).

The Waves LPoS Blockchain

In a traditional proof-of-stake model, any node that chooses to lock up tokens can be eligible to add blocks to the blockchain. The chances that a node will be able to add a block generally increase or decrease depending on the number of coins a node has locked in a special contract. With the LPoS, nodes also have the option to lease their balance to full nodes. This means that when a full node is selected to produce the next block and is compensated, nodes that lease tokens to that selected node earn a certain percentage of the payout. 

Waves-NG

The protocol that determines which node gets the right to produce the next block is called Waves-NG, and it is a modification of an idea first proposed (but rejected) for Bitcoin (BTC). Waves-NG breaks up the Waves blockchain into two kinds of blocks – ”key blocks” and “micro blocks.” Key blocks are created by a randomly chosen proof-of-stake miner. A public key in this block is then used by other nodes to create many micro blocks which include transactions.

Smart Assets 

Central to the Waves blockchain is the ability to create ‘Smart Assets,’ tokens with an attached script written in Ride, a programming language native to Waves. Any token can be given functionalities by attaching a script. The execution of the scripts costs 0.004 WAVES. Since Waves enables users to issue tokens without any programming experience, the tokens and subsequent transfers are done as attachments added to transactions. Different transaction types are introduced through plug-ins that are installed as extensions on top of the blockchain.

Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise the security, reliability, and speed of IT systems. It enables anyone to build their apps, fostering mass adoption of blockchain.

Financial Analysis

Waves' price today (September 28, 2021) is $23.88 with a 24-hour trading volume of $221,854,660. WAVES price is down -1.2% in the last 24 hours. It has a circulating supply of 100 Million WAVES coins and a total supply of 100 Million.

Waves' ROI with 855% in a year exceeded in 'Solana Ecosystem, Smart Contract Platform' categories which had 366% growth over the past year at the time of writing. It's underperformed in the crypto market which had 3143% growth over the past year. You can track Waves's Return On Investment (ROI) on our website here, for Free.

A capable marketing team and brand awareness have a direct impact on the success of any project. According to our data, Wave's Twitter account saw an increase of 9% in the number of followers over the months from May 03 until September 29 of 2021. Moreover, its Reddit channel users went up by 2% over the same period. You can follow Wave's popularity using our report, which is accessible here.

Our data indicate that Wave's ranking among the markets' cryptocurrencies in terms of market capitalization decreased significantly over the last months, from 43 to 60. Also, its price saw a similar trend, falling from $40.21 to $23.09 today. However, its liquidity score is 63% upper the market's average score, which means that it would be easier to sell Waves if the market is falling. You can find our report about Wave's market capitalization, price, and liquidity score here.

Waves' price is currently in a downtrend on the weekly chart. The price may hit the low of $8 in the upcoming weeks with the continuation of the downtrend. It is currently trailing below 50 and 100 Daily Moving Average.

Is Waves token the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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