A major rally in WAVES price this week that saw it nearly double risks faltering in the coming sessions due to a "death cross" technical pattern. WAVES price crashed 85% after 'death cross' in 2018 A death cross measure appears when an asset's long-term moving average closes above its short-term moving average. Notably, on the WAVES' weekly chart, its 50-week exponential moving average (50-week EMA; the red wave) jumped above its 20-week exponential moving average (20-week EMA; the green wave) in the week ending Feb. 21 — a bearish crossover. That is WAVES' first "death cross" occurrence on a weekly …

Development never stops in the blockchain sector and projects that continuously evolve are the ones that stay at the forefront and survive over the long-term. One project attempting to stay on top of the innovation wave is Waves, a multi-purpose blockchain protocol designed to support a variety of use cases, including decentralized applications and smart contracts. Data from Cointelegraph Markets Pro and TradingView shows that the price of WAVES has rallied 120% since forming a double bottom at $8.28 on Feb. 22. Three reasons for the price growth for WAVES include the recent announcement that the protocol will migrate to …

Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significatively, these movements historically provide decent rewards for those shifting their portfolios toward higher risk. In the past seven days, the aggregate market capitalization performance of the cryptocurrency market showed a modest 3% increase to $1.78 trillion. This number is roughly in line with the performance seen from Bitcoin, Ether (ETH), and Binance Coin (BNB). However, comparing the winners and losers among the top-80 coins provides skewed results. For instance, while the gainers captured …

Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the total cryptocurrency market capitalization by $5 billion to its current value of $1.378 trillion. Despite the struggles faced by the market as a whole, data from Cointelegraph Markets Pro has identified bullish developments in Axie Infinity (AXS) and Waves (WAVES) thanks to recent developments related …

The ripples created by the cryptocurrency market crash, which saw $1.1 trillion evacuate the global market capitalization in a matter of days, continued to reverberate on Thursday as a majority of coins experienced notable rebounds. After losing 64% of its value since May 12, when it fell from $40.50 to $14.43, the multipurpose blockchain project Waves experienced a 95% bounce for its native WAVES token earlier on Thursday. WAVES' price climbed to $28.09 shortly prior to publication, in effect paring the coin’s weekly losses to just over 25% for the time being. Internet Computer, a recent entrant to the top …

Real-world adoption and the ability to service the needs of a wide range of industries are key qualities to have for blockchain projects that seek long-term viability in an increasingly crowded and evolving landscape. One cryptocurrency project from 2016 that has seen its price breakout to new highs in May is Waves (WAVES), a multi-faceted blockchain protocol that has seen significant growth in 2021 thanks to recent strides in decentralized finance (DeFi), nonfungible tokens (NFT) and real-world adoption. Data from Tradingview shows that after hitting a low of $12.22 on April 25, the price of Waves has swelled more than …

Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new 'altcoin season' has commenced. Meanwhile, Bitcoin (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the price of Ether has rallied 54% to a new record high at $3,324 on May 3 as Monday’s 12% spike lifted the top altcoin above the $3,300 level for …

Bitcoin (BTC) extended its relief rally on Tuesday and reclaimed a market capitalization above $1 trillion. While many traders panicked during Bitcoin’s recent fall below $47,000, fund manager Dan Tapiero said that he spotted a rare TD sequential buy signal during the low. The last time this signal was seen was in March 2020 when Bitcoin price traded near $3,600. Tapiero believes Bitcoin remains on target to reach $100,000 this year. However, even after the recent rise above $55,000, Bitcoin’s market dominance continues to lag at 49.5%, according to CoinMarketCap data. This shows that crypto investors are focusing on altcoins, …

Russia’s space agency, Roscosmos, aims to fight intellectual property infringement in the space industry with blockchain technology. Roscosmos started testing an IP protection solution based on the Waves Enterprise blockchain platform, a hybrid blockchain platform developed by the eponymous local blockchain firm. Dubbed IP Guard, the blockchain-based tool detects violations of IP belonging to Roscosmos and other industry organizations. Using the tool, Roscosmos can reportedly maintain and verify a database of IP data objects as well as coordinate IP experts, such as lawyers, patent specialists and auditors. Waves Enterprise chief commercial officer Igor Kuzmichev said: “The most notable properties of …

Issues with Ethereum congestion and high fees have led to many companies adopting layer-two solutions like Optimistic Rollups, OMG Network and many others. These platforms allow transactions to be created outside of the Ethereum network on what are known as “sidechains,” which then can be reconciled on the main Ethereum network in one simple transaction. These layer-two options are gaining a lot of traction in anticipation of the release of Ethereum 2.0, which aims to solve the current high gas fees through sharding and splitting transactions throughout multiple blockchains. Many projects have been adopting both layer-one and layer-two solutions to …

Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector. April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects. Data from Cointelegraph Markets and TradingView shows that the price of Waves has increased 320% in 2021, climbing from a low of $4.86 on Jan. 4 to a …

Waves Enterprise has onboarded Tokenomika Pte Ltd., a Singapore-based fintech company, as an operator for its hybrid public-private blockchain. Tokenomika will operate the Waves Enterprise public permissioned network, starting in March. The expansion comes as part of a strategy shift for Waves Enterprise, focusing more on hybrid networks that can interface with public blockchains like Ethereum. In Gartner’s “hype cycle for blockchain” report, the analytical firm predicts that the enterprise world will gradually move away from fully private networks to hybrid or even fully public options. Waves Enterprise is making a bet on this prediction, focusing on creating networks that …