Waves is a multi-purpose blockchain-based platform that supports a variety of use cases including decentralized applications (DApps) and smart contracts.
Launched in June 2016 by Alexander Ivanov (also known as Sasha Ivanov) a Ukrainian -born scientist.
Interestingly, Waves has penetrated the non-fungible tokens (NFTs) sector with the first NFT, Waves Duck known as ‘Perfection’ was sold at 1 million Neutrino USD (USDN) on April 12 last at Sign Art.
USDN is an algorithmic stablecoin that is pegged to the US dollar and consolidated with Waves ’native token, WAVES.
Recently, Waves launched Node 1.3 Jumeirah on the mainnet.
🔷 Earlier this week, we announced the release of #Waves Node 1.3 Jumeirah on the mainnet! This update added innovative features to the Waves ecosystem users, benefitting the blockchain space in general! Let's spread the word about it in the new round for Duck Hunters! 👇👇👇 pic.twitter.com/evI6vkPyXK
- Waves Tech (@wavesprotocol) June 4, 2021
This update adds innovative features to users of the Waves ecosystem.
Let’s take a closer look at the current movement chart of the WAVES/USDT price.
Waves has caught the attention of investors after triggering a good record in the market when it has made a jump of over 700% with the all -time high (ATH) at the price level of $ 41.33 on May 4, 2021 and declined again when influenced by the fall in Bitcoin (BTC).
For the next expectation, the price movement will enter the SBR zone (support become resistance) around $ 18- $ 20 where the zone is seen as difficult to be penetrated by Waves before.
If the price movement manages to break the resistance level, the expectation to make a higher rise will occur to head to the next SBR zone.
However, if the Waves price movement returns to see a bearish pattern, the previously reached $ 12- $ 14 support level will be tested again and will be the observation of investors.
At the time of writing, Waves traded $ 16 up 4% in 24 hours. The coin ranks 56th with a direct market value of over $ 1.7 billion.
