Cryptocurrencies go through their ups and downs in the digital market and one thing they aim for are consistent gains. One crypto with such potential is Waves (Waves).  Waves has consistently performed well for the past few months. Further, there are a number of factors that could see the value of Waves (Waves) rise significantly.

Designed from scratch for storing, managing, and supplying digital assets, Waves (WAVES) is an open source decentralized blockchain platform that enables anyone to create their own internal digital currencies. Building on techniques implemented by NXT to make adding new transaction types possible, WAVES approaches this practice via plug-ins that do not require an update to the core software but instead may be installed as extensions on top of it. As a result, clients not running software with these additional plug-ins may still relay custom transaction types without the need to support a mandatory hard fork of the core code.

In the near-term, Waves (Waves) is likely to be boosted by the upcoming Vostok airdrop. Vostok will be doing a 1:1 airdrop to the Waves holders in April. Averaging of waves accounts for snapshots is already going on.

As this airdrop gradually approaches, more people will jump into Waves for free cryptos. This would mean the value of Waves rise sharply all through this quarter, and going into Q2.

Besides this airdrop, Waves (Waves) will be boosted by the growth in popularity of the Waves (Waves) DEX. Waves decentralized exchange is so popular that it has been ranked one of the top 4 DEXs to watch out for in 2019. Considering that overall interest in decentralized exchanges is growing, for security reasons, Waves (Waves), which is the native token to the Waves ecosystem is likely to keep growing in value in the future.

Then there is the development of projects launching on the Waves blockchain.  The Waves blockchain is scalable and secure, which makes it perfectly suitable for the launch of Dapps. Besides, Waves is going the extra mile of encouraging good quality projects launch on the waves blockchain through grants. For instance, a project called “Tumblex Mixer” has already received a grant to facilitate its launch on the Waves blockchain.  As per the Waves Lab blog, they have now obtained more than 50 grant applications, and they are still in the process of reviewing them.

As more and more projects launch on the Waves blockchain, the value of the Waves token will rise significantly as well. It has a good chance of emerging as a top gainer this year, 2019. If the entire market turns bullish, it would be a welcome boost and could see the value of Waves hit its all-time highs this year. The future of Waves (Waves) looks good.

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manasa
Blockchain research analyst at Nvest Labs
Graduated as a Computer Science engineer from VTU in 2017. Currently pursuing my Masters in Software Engineering from University of Visvesvaraya College of Engineering (2017-19 batch). Interning as Blockchain research analyst at Nvest Labs.
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