waves crypto news

In short, the proposal would make it more difficult to short WAVES and all but force those betting against the coin to buy or sell. Of course, price swings in crypto are common, but that’s still extremely volatile for a top-40 asset. It’s too up-and-down—too “wavy” to write off as just crypto being crypto. And just as quickly the price has headed back down to around $36, shedding 25% of its all-time mark in the last 24 hours alone.

waves crypto news

WAVES Skyrockets as Details of DeFi Revival Plan Unveiled, Still Down 85% from ATH

As such, the smart assets are supposed to offer greater autonomy, anonymity and lower transaction fees. The live Waves price today is $2.43 USD with a 24-hour trading volume of $35,105,883 USD. The current CoinMarketCap ranking is #237, with a live market cap of $278,042,254 USD. It has a circulating supply of 114,641,452 WAVES coins and the max. The supply of Neutrino’s dollar-pegged decentralized stablecoin USDN has increased substantially in one month, perhaps putting upward pressure on WAVES. Per Messari data, generating USDN requires locking WAVES in Neutrino’s smart contracts, while USDN redemptions have the opposite effect of destroying the stablecoin to unlock WAVES supply.

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The April halving is a pre-coded event in which the amount of bitcoin rewarded to crypto miners is slashed in half. Last month’s halving was the fourth in 12 years and lowered daily token production from 900 to 450, Bloomberg reported. Builders on Solana often boast their network is the number one “Ethereum-killer” and so its tokens often react bullishly to positive Ethereum news.

USDN, the algorithmic stablecoin of the Waves ecosystem, fell as low as 53 cents early Tuesday.

waves crypto news

As AI becomes more prevalent, the nuts and bolts of which smart contract functions to call, or comprehending the data within the contract’s state, can be abstracted away. This leaves the creator/owner able to give much higher level instructions while the agent figures out how to execute them. Markets have long considered bitcoin’s recent halving as a major price bolster, but it could bring a wave how to buy waves of selling from one corner of the sector, according to Kaiko Research. The potential US approval of Ethereum ETFs on Thursday next week could also be a boon for Solana meme coins like $SEAL. If analysts are right, then $SEAL and other Solana meme coins could attract some feverish speculation in the coming year when the economic effects of a Bitcoin software update known as “the halving” kicks in.

waves crypto news

After seeing Slothana take the sloth concept and go on to out-raise them, the team came back with Sealana. Sealana began life as a reference to South Park’s Gamer Guy, a meme legend known for his unhealthy screen time. Waves aspires to make the most of blockchain, with a minimal carbon footprint. 3) Once these settings are made, you can either submit your token or restart the entire process. Please log in to your account or sign up in order to add this asset to your watchlist. Find out everything you need to know with Alexandria, CoinMarketCap’s dedicated education resource.

‘Russian Ethereum’, Waves, Almost Triples Since Ukraine War Began – Cryptonews

‘Russian Ethereum’, Waves, Almost Triples Since Ukraine War Began.

Posted: Mon, 23 Oct 2023 07:00:00 GMT [source]

Waves is similar to Ethereum (ETH) or Solana (SOL) in that it’s a platform for decentralized applications. According to its website, one of the key benefits of the blockchain is the simplicity of issuing tokens. It says, “Issuing your own token on the Waves blockchain is a piece of cake.” The most popular exchange to buy and trade Waves is Bitget, where the most active trading pair WAVES/USDT has a trading volume of $134,877.78 in the last 24 hours.

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Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.

  • While Ivanov did not give a timeline for the introduction of the new stablecoin or any details, he promised that the new coin would be “undepeggable.”
  • What the Waves platform does to contend with this is to treat the new transactions as plugins, meaning that they are not treated as the “core” of the client software used to manage them.
  • In conclusion, the plan admitted that DeFi on Waves “has suffered a significant crisis,” and that similar situations have “destroyed” other protocols in the past.
  • The incubation fund aims to encourage the move from Web 2 to Web 3.
  • That has some observers wondering whether the early move higher resulted from speculations jumping the gun on Waves blockchain’s association with Russia.
  • The price of the token fell to as low as USD 0.76, while Vires Finance, a lending protocol on Waves, experienced a ‘bank run’ when worried lenders rushed to withdraw their deposits.

Crypto Whales Are Hoarding This Solana Meme Coin – What Does it Do?

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. The meme hunter who is following some internal algo for finding new meme-coins with signs of cultish community, then buying them, then selling when interest seems to wane. As I wrote in a recent post on X, while crypto UX is cumbersome for humans, its transparent, open-source, and programmable nature is absolutely perfect for agents. Everything an agent needs to figure out how to achieve a goal — the source code and the data — is public. The best agents will be built on the best platform and there is no better platform than crypto.

To make this possible, the Waves platform is designed to support both creating tokens and making transfers with them as if they were “attachments” to new transactions on the blockchain. This is done to get around the issue related to https://www.tokenexus.com/ adding new transaction types to an existing network, which comes with the risk of having to deal with hard forks. The reason for this is the fact that a network’s client software needs to be updated to support these transactions.

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