WAVES Price Prediction 2021 — Will WAVES Hit $100 in 2021 to 2023?

This WAVES Price Prediction 2021 to 2023 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our WAVES coin price prediction and analysis.

Waves (WAVES) is one of the cryptocurrencies that surprised the crypto world during the beginning of the year. Interestingly, WAVES broke its all-time-high record in Dec 2017 when it surpassed $20 in April this year. But that is not all. WAVES has also succeeded in nailing a growth rate of over +1000% in the past 12 months. As a result, WAVES is now one most talked about virtual asset in the crypto world.

With all these achievements, we can say that Waves is a cryptocurrency with a lot of potential. In terms of its technology, the network uses a variation of the proof-of-stake (PoS) consensus mechanism called leased proof-of-stake (LPoS). Best of all, this LPoS of Waves enables full nodes to earn a profit after producing new blocks in the platform.

In this WAVES price analysis and price prediction, we take a look at the performance of WAVES if it will reach $100. But before that, let us learn more about what is Waves (WAVES) and its current position in the crypto market.

What is WAVES?

WAVES is a platform based on blockchain technology. It is designed to provide developers an easier way to create cryptocurrency without the need for extensive smart contract programming. As a result, tokens in the Waves blockchain can be managed and created using scripts that run on user accounts. Truly, Waves help developers fast-track crypto creation on its platform.

The network has its own native virtual asset called WAVES. These tokens are used to reward all the participants inside the WAVES network. In addition, WAVES tokens are also utilized as a payment for all the fees transacted in the platform and its other projects.

For all interested buyers of the WAVES token, the crypto is available in major decentralized exchanges. A few examples are Binance, WhiteBit and HitBTC to name a few.

WAVES Market Position

WAVES is one of the most aggressive virtual assets in the crypto market today. In fact, the crypto was able to record a huge growth rate of over +1000% in the past year. For this reason, WAVES has become one of the most talked about digital assets in the crypto world.

In terms of its market standing, the crypto positions itself as one of the top 100 cryptocurrencies in CoinGecko. As a result, WAVES market capitalization boost to almost $1.5 billion with a 24-hour trading volume of $167 million. Indeed, this market status of the crypto attracts global investors around the world.

Now that you already have an idea about what WAVES cryptocurrency is, do you think WAVES is a good investment this year? If you are already excited to know, come, and together let us check this WAVES price prediction and price analysis article.

Waves Price Analysis 2021

As of the time of writing, the crypto market continues to show wild market swings that make most crypto bleeds. However, WAVES is one of the digital assets in the crypto world that recovers fast.

Do you think this aggressive performance of WAVES is enough to attract more potential investors around the world? Are you already interested to know? Therefore, what are you waiting for? Join me and together, let us see the charts in this CoinQuora price analysis.

Based on the graph above, WAVES was able to defend its position well against the bears in the early days of the year. In fact, WAVES was able to record a price surge to almost +250% from April to May. As a result, crypto became one of the most discussed virtual assets in the crypto world.

However, the bullish rally of the crypto did not last long due to the recent bearish market. As a result, the price of WAVES fell with a decline rate of almost -68% from its all-time-high price (ATH).

In this case, WAVES should find a way to recover its price above the Arnaud Legoux Moving Averages (ALMA). If this happens, WAVES could prevent the bears from flipping the support level to its news resistance level.

Let us say that WAVES effectively removes itself from the bearish territory and opens its price above ALMA. In this scenario, WAVES might increase its price. It may break and go over its resistance level 1, leading the crypto directly to the bullish price of $26. At this price level, the crypto will be in a bullish position, a level favored by investors around the world.

If this continues, WAVES might be able to reach and go over its ATH price which is just +55.6% away from its second resistance level. This price that we are talking about may reach and surge up to $80 in 2022 to 2023. Of course, all this can happen if the bullish market continues to favor crypto.

Conversely, if WAVES fails to overcome the bearish market, the price of the crypto might fall further. As a result, WAVES might lose its investors’ confidence along with its market value.

Meanwhile, the moving average convergence/divergence (MACD) of the crypto keeps performing a bearish signal. In this event, it is recommended to wait for the crypto to perform a bullish crossover. With this, traders and investors can avoid the wild market swings bought by the bearish market.

Waves Price Prediction 2021

So far, WAVES continues to enhance its platform despite the market chaos in the world’s economy. As a result, the price of WAVES remains competitive in the crypto market.

Would this be enough to make WAVES a profitable crypto in 2021 to 2023? Let us find out in this CoinQuora WAVES price prediction 2021 to 2022.

As displayed on the chart above, we can see that WAVES aggressively entered the year of 2021 with a bang! Specifically, WAVES was able to surge its price from $5.40 to $41.82, a price truly favored by global investors.

In addition, this price surge of WAVES made the platform record a huge growth rate of over +700%. With all these achievements, we can say that WAVES was in a good shape to attract investors into its platform.

On the other hand, WAVES’ bullish rally did not last long due to the bloodbath experienced by the crypto market. From the ATH price of $41.82, the price of WAVES nosedived to $14.39. Yes, this is a bearish signal that could cause fear, uncertainty, and doubt (FUD) among its investors.

In this case, the crypto must find a way to regain composure and head back to its uptrend position. Otherwise, the bears might further pull down WAVES to $5.096 with a decline rate of -64.23% from its current price.

However, if WAVES were able to recover and break the Fibonacci level of .618, WAVES might regain its bullish position. Interestingly, the crypto may rally back its price to over $23.9 and boost all the way to $41.86. This price surge is most likely to happen if the crypto once again pumps its price like what happened in the past months. 

If it does, WAVES may expand its rally to reach the rocket high price of $60 to $80 in 2022 to 2023. Of course, this will all be possible if the bullish market and global investors remain on the side of WAVES.

Meanwhile, the relative strength index (RSI) of the crypto is at level 39.96. This means that the crypto is nearly oversold. In this event, traders and investors must trade with caution to prevent unexpected price dumps. With this, traders can avoid losing huge amounts of funds and maximize their profit potential in trading.

Conclusion

With the ongoing enhancements in the WAVES network, we can say that WAVES has a good year ahead in 2021 to 2023. For this reason, the bullish price prediction of WAVES in 2021 to 2023 is $60 up to $80. On the other hand, WAVES bearish price prediction for 2021 is $5.096.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Source: https://coinquora.com/waves-price-prediction-2021/