Waves (WAVES) was trading up 12.5% at press time over the 24 hours to Friday morning at $20.42.
|Time range||% change (+/-)|
|24 hours against Bitcoin BTC/USD||34.1%|
|24 hours against Ethereum ETH/USD||36.5%|
Cumulative performance since the beginning of the year
See also: How to buy waves (WAVES)
Why is it moving? WAVES was trading higher even as the major coins remained in negative territory on Friday morning. At press time, the global cryptocurrency market capitalization fell 4.25% to $1.8 trillion.
Waves is the best performing coin in the past seven days, according to data from CoinMarketCap. The founder of the play Sasha Ivanov shared a post on Twitter on Thursday explaining why Waves has gained more than 100% over the past week.
The Cointelegraph article attributed Waves’ appreciation to the launch of a blockchain-agnostic Metaverse and the establishment of a new partnership with Allbridge, a token bridge that facilitates the transfer of assets between networks.
3 reasons Waves price gained 100% last week https://t.co/nO4bkXHlQr via @cointelegraph
— Sasha Ivanov (1 ➝ 2) (@sasha35625) March 1, 2022
Another factor that has led to the appreciation in value of Waves is the migration to Ver. 2.0 – which is in the works, according to Cointelegraph.
Waves was one of the collateral assets added by Binance, the largest spot exchange by volume, on Thursday.
— Binance (@binance) March 3, 2022
The chatter of the waves: Some Twitter users noted that Waves was a “Russian” play. It should be noted that Ivanov himself has Ukrainian roots. He recently brought up this fact recently and called for peace.
— Aventuras (@AventurasCrypto) February 28, 2022
$WAVES approaches resistance and nears daily cloud. Waves is often referred to as Russian Ethereum. https://t.co/KWiaSxiXTf
— double (@doppel_ichi) February 26, 2022
Read more : Bitcoin, Ethereum, Dogecoin Plunge As Ukraine Jitters Keep Investors On Edge – Will Risk Appetite Return Soon?