Waves (WAVES) traded 12.5% higher at press time over 24 hours leading up to early Friday morning at $20.42.
24-hour | 12.5% |
24-hour against Bitcoin (CRYPTO: BTC) | 34.1% |
24-hour against Ethereum (CRYPTO: ETH) | 36.5% |
7-day | 110.8% |
30-day | 72% |
YTD performance | 8.1% |
Why Is It Moving? WAVES traded higher even as major coins remained in the negative territory on Friday morning. At press time, the global cryptocurrency market cap decreased 4.25% to $1.8 trillion.
Waves is the best performing coin in the last seven days, according to CoinMarketCap data. The coin’s founder Sasha Ivanov shared an article on Twitter (NYSE:TWTR) on Thursday, which reasoned for why Waves has gained over 100% over the course of the last week.
The Cointelegraph piece attributed the appreciation in Waves to the launch of a blockchain agnostic Metaverse and the establishment of a new partnership with Allbridge, a token bridge that facilitates asset transfer between networks.
3 reasons why Waves price gained 100% in the last week https://t.co/nO4bkXHlQr via @cointelegraph— Sasha Ivanov (1 ➝ 2) (@sasha35625) March 1, 2022
Waves was one of the collateral assets added by Binance, the largest spot exchange by volume, on Thursday.
#Binance Loans adds collateral assets $MATIC, $SLP, $THETA & $WAVEShttps://t.co/hkufEOfZOs pic.twitter.com/G579KgWioa
— Binance (@binance) March 3, 2022
Russian backed $waves up 73% this week pic.twitter.com/QoIS0cB5PA— Aventuras (@AventurasCrypto) February 28, 2022
$WAVES is approaching resistance and nearing the daily cloud. Waves is often referred to as Russian Ethereum. https://t.co/KWiaSxiXTf— doppel (@doppel_ichi) February 26, 2022
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga