WAVES Price Prediction – Will WAVES Hit $40 in 2022?

This WAVES Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences 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 according to CoinMarketCap. WAVES has also succeeded in nailing a growth rate of over +26.7% in the past 12 months. As a result, WAVES is now one most talked about virtual assets 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 $40. But before that, let us learn more about what Waves (WAVES) is and its current position in the crypto market.

What is WAVES?

WAVES is a platform based on blockchain technology. It is designed to provide developers an easier way to create cryptocurrency without the need for extensive smart contract programming.

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.

For all interested buyers of the WAVES token, the crypto is available in major decentralized exchanges. A few examples are Binance, FTX, OKEx, Huobi Global, and Upbit to name a few.

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 +26.7% 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 $1,301,067,157 with a 24-hour trading volume of $408,167,292. Each Wave (WAVES) is worth $12.09 and it has increased by 0.71%nin the past 24-hours. 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 2022

Currently, WAVES holds the 83rd 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.

From the Waves 1Day chart above, it could be observed that the price of WAVES reached the top of the Keltner Channel curve and started reversing. It is important that traders exercise caution while trading till the actual price movement can easily be determined.

Waves is bullish in the long-term since the 90-MA is above the 30-MA. So, there is the hope of higher price in the future.

Since the WAVES/USDT relative strength index value is 60.48. This means that the recent bullish trend is strong since it lies between 50 and 70.

WAVES Price Prediction

The chart below shows that WAVES has performed good in 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 $12.39 resistance1 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 $8.18 at support level, a bearish signal.

Meanwhile, our long-term WAVES price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $33.64 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 $33.64 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $40. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $19.03 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 90-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

IIn 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 Price Prediction 2026

In the next four years, WAVES prices could race up to $200. 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.

Conclusion

WAVES has a bright future ahead of it in 2022. 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 2022 is $33.64 As said above, it may even reach $40 if investors have decided that WAVES is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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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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