In the latest crypto news, we have the Waves coin (WAVES) bucking a new market trend and rising in price by over 150%. The cryptocurrency has not only risen to a price but also surged in time when Bitcoin fell. As such, WAVES is now an altcoin with a growing value compared to Bitcoin (BTC).
The Waves cryptocurrency entered the top 20 coins by market capitalization and has since fallen back to 22nd place as other coins show green. The market cap of the coin is now valued at nearly $245 million which is its highest since July 2018.
Waves is also a blockchain platform where organizations and developers can create their own custom tokens. It also has its own decentralized exchange (DEX) when the tokens can be traded alongside some of the most popular cryptocurrencies including Bitcoin, Litecoin and Monero. There are 69 tradeable coins on the Waves DEX and Waves is reporting over 20,000 custom tokens in use.
Hey #Waves community! Look what's going on and what we've got planned with #Tokenomica — our European security tokens platform. We've got some really exciting plans. 2019 will be a really hot year for the #WavesPlatform ecosystem!#Blockchain #Trading $WAVES pic.twitter.com/umOjngar6E
— Waves Platform (@wavesplatform) December 12, 2018
As the company announced, the Waves blockchain is fast and supports more than 6,000 transactions per minute, equating to 100 per second. Compared with Ethereum’s 10 to 15 transactions per second, it is advantageous and growing in terms of popularity.
Waves is also attracting investors with its dual business focuses of token creation and smart contract blockchain functionality. Therefore, it has two markets which can help it drive success in the future.
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“As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.”Nabuilna explained that CBR is still unsure whether to use cryptocurrencies and how they could be launch into Russia’s monetary system but the idea of a zero-volatility digital asset is inviting:
“The CBR, in principle, is opposed to cryptocurrencies being launched into our monetary system. We do not see the possibility that cryptocurrencies fulfill the function of monetary surrogates. We have prepared an analytical report and will soon present it which will analyze what cryptocurrency is, what is happening in the world, what approaches different countries to have, and what regulation is envisaged. And, if the phenomenon of cryptocurrency in any perspective may cause risks to our macroeconomic stability, we need to understand that.”As noted in one of the best cryptocurrency sites, Russia is under significant economic sanction from the United States.
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