Ukrainian-born crypto continues to make ‘waves’ even as Bitcoin, Ethereum, Dogecoin crash – What’s going on?

Waves (WAVES) was trading up 12.5% ​​at press time over the 24 hours to Friday morning at $20.42.

Wave Price Performance
Time range % change (+/-)
24 hours 12.5%
24 hours against Bitcoin BTC/USD 34.1%
24 hours against Ethereum ETH/USD 36.5%
7 days 110.8%
30 days 72%

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 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 Loans add collateral assets $MATIC, $SLP, $THETA & $WAVES

— 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.

Russian supported $waves up 73% this week

— Aventuras (@AventurasCrypto) February 28, 2022

$WAVES approaches resistance and nears daily cloud. Waves is often referred to as Russian Ethereum.

— double (@doppel_ichi) February 26, 2022

Read more : Bitcoin, Ethereum, Dogecoin Plunge As Ukraine Jitters Keep Investors On Edge – Will Risk Appetite Return Soon?

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