RATE Group | Waves Surges into Top 20 Coins as Wider Crypto Market Stumbles
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Waves Surges into Top 20 Coins as Wider Crypto Market Stumbles

16 Dec Waves Surges into Top 20 Coins as Wider Crypto Market Stumbles

Posted at 13:26h in Cryptocurrency News by

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Since the end of November, the Waves coin (WAVES) has bucked a market trend and risen in price by over 150%. The cryptocurrency has not only risen to a price, at the time of writing, of $2.49 per coin but as bitcoin price falls, WAVES value against bitcoin (BTC) is also growing.

The Waves cryptocurrency today, for a short time, entered the top 20 coins by market capitalization but has since fallen back to 22nd place as other coins show green. The coin’s market cap is now nearly $245 million, its highest since July 2018.

Why is Demand for Waves Increasing?

Waves is a blockchain platform where organizations and developers can create their own custom tokens. It has its own decentralized exchange (DEX) where these tokens can be traded alongside some of the most popular cryptocurrencies like bitcoin, Litecoin, and Monero. There are 69 tradeable coins on the Waves DEX with Waves reporting over 20,000 custom tokens in use.

Just over a week ago CCN reported that the release of an…

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