The WAVES token, a cryptocurrency used on the Waves blockchain tokens platform, has seemingly been bucking the bearish trend as in the last two weeks its price has risen over 73%, while most other cryptocurrencies have been dropping.
According to CryptoCompare data, the Waves platform is designed for large-scale business and consumer adoption and was launched in 2016. Its token’s price has risen 3.7% in the last 24-hour period to $2.48, and a whopping 73.4% in the last two weeks.
WAVES’ Developments Help It Buck The Bearish Trend
Behind the cryptocurrency’s surge appear to be a plethora of new developments. Earlier this month, the team behind the Waves platform release an update to its mobile wallet app, which seemingly triggered the bull run.
The app reportedly lets users interact with the Waves platform to deposit and withdraw tokens from their mobile devices, and trade on its decentralized exchange (DEX). Given the crypto’s consensus algorithm, WAVES tokens can even be leased through it.
We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: https://t.co/5Qp7YKTa8r pic.twitter.com/y5hsCXj2GV
— Waves Platform (@wavesplatform) December 3, 2018
The surge, however, continued as new developments kept on coming. The platform’s users can now reportedly purchase WAVES with their credit cards, and trade them for BTC or ETH through the platform’s DEX.
Earlier this year, as CryptoGlobe covered, WAVES launched smart contracts on its mainnet, and it’s now adding smart assets and smart account trading. While the features have already been implemented on its mainnet, it’s waiting for miners to vote to activate them, as an 80% acceptance is required.
Moreover, Waves is set to launch a European securities trading platform next year, and has released a wallet add-on for the FireFox browser. A waveskeeper wallet for Google Chrome has been released last month, while one for other browsers like Opera – which itself recently added a built-in ETH wallet – is planned.
And here comes #Waves Keeper for @Firefox! Manage your private keys securely, use multiple accounts, and confirm transactions with a couple of clicks — right from your browser. Download it here: https://t.co/2f3alYaMlP#RideOnWaves #Blockchain $WAVES pic.twitter.com/0AqiiEeuSL
— Waves Platform (@wavesplatform) December 14, 2018
The WAVES blockchain is, according to its team, one of the fastest in the industry as it supports up to 100 transactions per second. As reported, earlier this month the Waves Platform claimed that its blockchain managed to process a “remarkable 6.1 million transactions” on October 21.
Demand for the cryptocurrency may be growing if we take into account all of these developments. Back in September, Waves was already celebrating the creation of one million wallets.