Decided WAVES is a good investment? You can get WAVES on FTX today.
As the decentralized finance (DeFi) industry continues to grow exponentially, many new tokens and blockchains are being built every single day. One project, Waves, makes it easy for everyday people to join the crypto space and create their own tokens.
Waves was initially launched to improve Ethereum’s speed, utility and user-friendliness. Since its creation, Waves has undergone various changes, making it the blockchain platform it is today.
What is Waves?
Waves is a multi-purpose blockchain platform that supports the development of decentralized applications (DApps) through smart contracts. Waves uses the proof-of-stake consensus mechanism to verify block transactions.
The platform was launched in June 2016 following the industry’s earliest initial coin offerings (ICO) and was founded by Ukrainian-born scientist Alexander Ivanov. Waves was created to help users create and launch their own crypto tokens. The idea is that individuals with no prior programming experience or knowledge of smart contracts will be able to deploy a contract.
WAVES is the native token for the Waves blockchain used for standard payments and block rewards. Essentially, the WAVES token is used for all transactions on the network. Users are also able to stake WAVES to earn yield.
WAVES Price History
The current market cap for WAVES is roughly $2 billion, with an unlimited maximum supply. WAVES price has grown considerably over the past few years. It experienced its first bull cycle back in December 2017 (same time as Bitcoin’s run) then entered a long-term bear market. At the end of 2020 WAVES entered another bullish cycle, seeing prices as high at $42.
Waves Competition
Since the development of Waves, other products have appeared offering similar services. Gravity, which is a cross-chain oracle network, and Neutrino are just a few examples. The benefit that Waves has on its competitors is that it was the first established product of its kind in the DeFi space, giving it much more credibility.
How to Buy WAVES
You can buy WAVES on FTX. A centralized exchange like FTX is a great choice for individuals to start buying cryptocurrency. Before you begin trading, you will be required to verify your identity by stating your legal first and last name, uploading a photo of your government ID and sending in a photo of yourself.
securely through FTX’s
website
Binance is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively.
Previously based in Malta, the Binance Group is now based in the Cayman Islands. Binance has several locations and entities registered across the globe. In the United States, it’s known as Binance.US. The exchange in the U.S. uses the same cutting-edge technology and trading services as its global counterparts with the difference being U.S. regulatory compliance. It is operated by San Francisco-based BAM Trading Services.
Binance.US ranks 9th on CoinMarketCap’s list of the top 10 exchanges based on metrics like 24-hour trading volume, exchange score and average liquidity. Binance could be a good platform for you to invest in cryptocurrencies if you are a U.S.-based trader who trades frequently, doesn’t intend to pay high trading fees and needs access to a large number of cryptocurrencies.
Best For
- US Citizens
- Frequent day traders
- Users interested in Binance Smart Chain (BSC) and Binance Coin (BNB)
- Low trading fees
- Easy-to-use platform
- Wide selection of altcoins — it offers 51 cryptocurrencies apart from Bitcoin (BTC)
- Good customer service
- High liquidity because of large trading volumes
- Only residents of 43 states in the U.S. can trade on Binance.US. You cannot trade on this platform in New York, Connecticut, Hawaii, Texas, Vermont, Idaho and Louisiana
- Despite the wide selection of altcoins, the number of tokens offered on the U.S. platform is not comparable to the hundreds of choices available on the Binance global platform
- There is no option for telephonic customer support
Best Hardware Wallet For WAVES
When owning a digital asset like cryptocurrency, it is often smart to get a hardware wallet to keep your private keys safe. A hardware wallet is the best way to ensure that your private keys and digital assets remain secure.
Best Hardware Wallet: Ledger
Ledger is the most recognized offline hardware wallet currently available. It connects to Bluetooth and USB, depending on whether you want to use your computer or mobile device. Ledger’s application also makes it much easier to secure, store and manage your assets.
securely through Ledger Hardware Wallet’s
website
Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.
With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.
Best For
- ERC-20 tokens
- All experience levels
- Easy to set up and use
- Supports more than 1,500 different digital assets
- Tamper proof
- Portable
- Long-lasting battery
- Bluetooth connectivity features
Bonus Section:
Keep an eye out for future projects being built on Waves, as they will add value to the network.
Cryptocurrency Market Outlook
This hesitant time in the market has resulted from investors waiting to see if Bitcoin price will rally or continue to fall. The following weeks will be important in determining the future of the crypto market.
Is WAVES a Good Investment?
For individuals looking to invest in alternative blockchain platforms, WAVES may be a good investment for you. WAVES may also be a solid investment for people looking to use its platform. If you are interested in deploying a token or smart contract and want to have a user-friendly blockchain experience, WAVES may be a great option. For individuals who want to maximize short-term gains and are looking for exponential growth, WAVES may not be the best investment choice.
