In this guide, we will share our and the market’s view of the future of WAVES as we discuss Waves’ price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Waves.
Now, let’s get into it.
Before we delve into Waves’ price prediction and answer questions about whether WAVES is a good investment or not, why WAVES will succeed or fail, or why WAVES’ price will rise or fall, let’s quickly take a look at what WAVES is and its history to date.
What Is Waves Blockchain?
Waves is a blockchain ecosystem that functions as a cryptocurrency, token launch platform, and DEX. The developers behind the project sought to introduce a powerful set of tools to aid in the development of decentralized Web 3.0 solutions. Their goal was to design an easy-to-use Ethereum alternative to promote mass adoption of the blockchain. In this sense, the platform’s development team has been spectacularly successful.
The technology behind Waves
There are three types of transactions on the main software:
- Custom Application Tokens (CAT)
- Decentralized exchanges (DEX)
CAT stands for Custom Application Tokens. This is basically a fancy phrase for custom tokens that users create using Waves.
Anyone who wants to create a token can do so with the Waves exchange. This platform is accessible via a computer, but it also works on an Android or Apple mobile phone. The Waves team has made it as easy as possible for anyone to create a token. Creating a new token costs 1 WAVES coin.
This ensures that the user’s wallets accumulate funding directly, minimizing any loopholes for hacking. In addition, decentralization maximizes a user’s control over their account.
Despite the requirement to issue KYC/AML information in order to access fiat gateways, cryptographic transactions over DEX are absolutely anonymous.
The WAVES token
The main reason Ethereum can be so frustrating is that transaction fees can get totally out of hand. During peak demand it can cost $5 or more just to send a simple transaction. Making a trade on a DEX can cost $20 or more.
On the Waves platform there is a flat fee for transactions, ensuring that anyone can use the platform at any time. All transaction fees are payable in the native WAVES token.
In addition to transaction fees, there are a couple of other uses for WAVES. Investors can use the token to bet and earn passive income. Currently the ROI for staking is about 4.3%. WAVES tokens are also used to pay fees associated with creating new tokens.
Waves was launched with a $16 million ICO. Each WAVES token sold for about $0.19 to the ICO, giving investors a very profitable return. WAVES is currently trading at over $6 per token.
WAVES Price Prediction For the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Waves Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
WAVES Price Prediction 2025 – 2030 – 2040
Our forecasting model sees WAVES reaching new highs in 2025:
The price of WAVES in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.