- Bullish Waves price prediction ranges from $29.21 to $42.19.
- The Waves price might also reach $50 soon.
- Waves’s bearish market price prediction for 2021 is $20.96.
This WAVES Price Prediction 2021 to 2023 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our WAVES coin price prediction and price analysis.
Waves (WAVES) is one of the cryptocurrencies that surprised the crypto world during the beginning of the year. Interestingly, WAVES hit an all-time-high record in May 2021 reaching $41.33. WAVES has also succeeded in nailing a growth rate of over +1,000% in the past 12 months. As a result, WAVES is now one most talked about virtual asset in the crypto world.
With all these achievements, we can say that Waves is a cryptocurrency with a lot of potential. In terms of its technology, the network uses a variation of the proof-of-stake (PoS) consensus mechanism called leased proof-of-stake (LPoS). Best of all, this LPoS of Waves enables full nodes to earn a profit after producing new blocks in the platform.
In this WAVES price analysis and price prediction, we take a look at the performance of WAVES if it will reach $50. But before that, let us learn more about what Waves (WAVES) is and its current position in the crypto market.
What is WAVES?
As a result, tokens in the Waves blockchain can be managed and created using scripts that run on user accounts. Truly, Waves help developers fast-track crypto creation on its platform.
The network has its own native virtual asset called WAVES. These tokens are used to reward all the participants inside the WAVES network. In addition, WAVES tokens are also utilized as a payment for all the fees transacted in the platform and its other projects.
WAVES Current Market Position
WAVES is one of the most aggressive virtual assets in the crypto market today. In fact, crypto was able to record a huge growth rate of over +1,000% in the past year. For this reason, WAVES has become one of the most talked about digital assets in the crypto world.
In terms of its market standing, the crypto positions itself as one of the top 50 cryptocurrencies in CoinGecko. As a result, the WAVES’ market capitalization rose to almost $2,958,447,083 with a 24-hour trading volume of $392,668,740. Indeed, this market status of crypto attracts global investors around the world.
Now that you already have an idea about what WAVES cryptocurrency is, do you think WAVES is a good investment this year? If you are already excited to know, come, and together let us check this WAVES price prediction and price analysis article.
WAVES Price Analysis 2021
Currently, WAVES holds the 46th place on CoinGecko. But will the latest upgrades, developments, and changes in the WAVES blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this WAVES price prediction article.
In the daily frame chart shown above, we can see the Ascending Channel pattern. This is a bullish pattern which is formed by joining higher highs and higher lows. Based on the graph above, Waves was able to defend its position well against the bears in the early days of the month. In other words, WAVES is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with WAVES.
Conversely, if the bulls turn against the crypto, the price of WAVES might fall. In short, WAVES might break out from its uptrend position and nosedive to a bearish price. This pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline shows the start of a new bearish trend. In contrast, a breakout from the upper trendline signal indicates the beginning of a new bullish trend.
As shown above, at the beginning of this month, WAVES turned from its bear to bull trend. This happens as the result of the high trade volume that occured in that period.
The Relative Strength Index (RSI) is at 69.66, which means that WAVES is in an overbought state. This may lead to a price reversal at any given time. Therefore, traders must trade crypto wisely and should not be affected by the market hype. Keeping all this in mind, traders can move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of WAVES.
Since the start of 2021, WAVES’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, WAVES has a competitive market this 2021.
WAVES Price Prediction 2021
The chart below shows that WAVES has performed great over the past few days. However, the WAVES price shows a bullish signal. If this trend continues, WAVES might run along with the bulls, breaking its $42.19 resistance level and go higher.
Conversely, if the investors do not favor crypto, the bears might take over and pull WAVES from its uptrend position. In simpler terms, the price of WAVES might decrease to almost $20.96, a bearish signal.
Meanwhile, our long-term WAVES price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $41.33 this year. Moreover, WAVES can hit ATH only if it breaks many previous psychological resistances.
WAVES Price Prediction 2022
If this bullish trend continues, WAVES will hit $75 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $80. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $75 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
WAVES Price Prediction 2023
If WAVES holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $100, making it not plummet but play consistently.
WAVES Price Prediction 2024
As per the latest upgrades, developments, WAVES price prediction, and new project forecasts of the platform, WAVES investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of WAVES in the crypto market, and it will be the best investment as the price can spike and reach around $125.
WAVES Price Prediction 2025
In the next four years, WAVES prices could race up to $150. In addition, reaching this level could not be so difficult for WAVES as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WAVES has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
WAVES has a bright future ahead of it in 2021. With the ongoing developments happening within the WAVES ecosystem, as well as in the overall crypto market, we may see WAVES reach new heights.
Bullish WAVES price prediction 2021 is $42.19. As said above, it may even reach $50 if investors have decided that WAVES is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Based on the previous record that WAVES created in the crypto market, we say that WAVES is a good investment. However, as a trader and investor, users should still practice due diligence and research to know more about the token.
Yes, the WAVES token is real and has a smart contract that can be found in Etherscan and other crypto-platforms.
Traders and investors that are interested in WAVES can check the availability of the crypto at different decentralized exchanges. For example, Binance, FTX, OKEx, Huobi Global, and Upbit to name a few.
As per the current trend and market analysis, it is very much possible waves to hit $100 in 2021 to 2023.
Waves (WAVES) price is expected to reach $75 by 2022.
Waves (WAVES) price is expected to reach $100 by 2023.
Waves (WAVES) price is expected to reach $125 by 2024.
Waves (WAVES) price is expected to reach $150 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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