Waves (WAVES) Price Prediction 2023 – Will WAVES Hit $4 Soon?
- Bullish WAVES price prediction for 2023 is $1.433 to $6.856.
- The WAVES price will also reach $4 soon.
- Bearish WAVES price prediction for 2023 is $1.248.
In Waves (WAVES) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about WAVES to analyze the future movement of the cryptocurrency.
Waves (WAVES) Current Market Status
| Current Price | $1.41 |
| 24 – Hour Trading Volume | $20,917,061 |
| 24 – Hour Price Change | 2.7% up |
| Circulating Supply | 100,000,000 |
| All – Time High | $61.30 (On March 31, 2022) |
What is Waves (WAVES)?
WAVES is the native token of the Waves blockchain launched in 2016. This blockchain enables users to create new and custom crypto tokens. Also, it allows developers to create and launch decentralized apps (dApps) via custom smart contracts.
The ledgers on Waves operate on leased proof-of-stake (LPoS), a special PoS consensus mechanism. LPoS lets users participate in the block validation process by leasing their WAVES tokens in specialized nodes.
WAVES is deployed in the governance of the blockchain and can be staked or leased for rewards. These payment tokens can be traded on its native Waves exchange and even on third-party centralized exchanges (CEXs).
Waves (WAVES) Price Prediction 2023
Waves (WAVES) holds the 168th position on CoinGecko. WAVES price prediction 2023 is explained below with a daily time frame.
The above chart of Waves (WAVES) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Waves (WAVES) is at $1.37. If the pattern continues, the price of WAVES might reach the resistance level of $1.433 and $1.619. If the trend reverses, then the price of WAVES may fall to $1.248.
Waves (WAVES) Support and Resistance Levels
The chart below shows the support and resistance levels of the Waves (WAVES).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Waves (WAVES).
| Resistance Level | $2.611 |
| Resistance Level 2 | $3.973 |
| Resistance Level 3 | $6.856 |
| Support Level 1 | $1.289 |
The charts show that Waves (WAVES) has performed a bullish trend over the past month. If this trend continues, WAVES might run along with the bulls overtaking its resistance level at $6.856.
Accordingly, if the investors turn against the crypto, the price of the WAVES might plummet to almost $1.289, a bearish signal.
Waves (WAVES) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of the Waves (WAVES) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of WAVES lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of the Waves (WAVES) is shown in the above chart. Notably, the WAVES price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, WAVES is in a bearish state. There is a possibility of a reversal trend of WAVES at any time.
Meanwhile, the relative strength index (RSI) of the Waves (WAVES) is at a level of 35.10. This means that WAVES is nearly in an oversold state. However, this gives confidence to the traders to trade without any fear.
Waves (WAVES) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of the Waves (WAVES). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Waves (WAVES). Currently, WAVES lies in the range of 49.618, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Waves (WAVES). RVI measures the constant deviation of price changes over a period of time. The RVI of WAVES lies below 50, indicating low volatility. In fact, WAVES RSI is at 35.10, thus confirming a potential sell signal.
Comparison of WAVES with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Waves (WAVES).
From the above chart, it can be interpreted that ETH, BTC, and WAVES are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and WAVES also increase or decrease respectively.
Waves (WAVES) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Waves (WAVES) between 2024 and 2030.
Waves (WAVES) Price Prediction 2024
If the declining price action slows down in momentum and the trend reverses, Waves (WAVES) might probably attain $6 by 2024.
Waves (WAVES) Price Prediction 2025
With several upgrades in the network, Waves (WAVES) might enter a bullish trajectory. If the coin grabs the attention of major investors, WAVES might rally to hit $10 by 2025.
Waves (WAVES) Price Prediction 2026
If Waves (WAVES) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, WAVES would rally to hit $15.
Waves (WAVES) Price Prediction 2027
If Waves (WAVES) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, WAVES would rally to hit $20.
Waves (WAVES) Price Prediction 2028
If Waves (WAVES) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, WAVES would rally to hit $25.
Waves (WAVES) Price Prediction 2029
If Waves (WAVES) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2029, WAVES would hit $30.
Waves (WAVES) Price Prediction 2030
If investors flock in and continue to place their bets on Waves (WAVES), it would witness major spikes. WAVES might hit $35 by 2030.
Conclusion
With continuous improvements in the Waves network, we can say that 2023 is a good year for WAVES. For this reason, the bullish price prediction of Waves (WAVES) in 2023 is $6.856. On the other hand, the bearish price prediction of Waves (WAVES) for 2023 is $1.248.
Furthermore, with the advancements and upgrades in the Waves ecosystem, the performance of Waves (WAVES) might hit $4 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $61.30 in the near future.
FAQ
Waves (WAVES) is a governance token on the Waves blockchain operating on the leased proof-of-stake (LPoS). It was launched in 2016 and later in 2020, it was launched as an ERC-20 token interoperable with Ethereum.
Waves (WAVES) has been listed on many crypto exchanges which include Binance, Bybit, BingX, OKX, Kraken, BTCEX, Gate.io, and Bitget.
With the ongoing developments and upgrades within the WAVES platform, it has a high possibility of reaching its ATH soon.
On March 31, 2022, WAVES reached its new all-time high (ATH) of $61.30.
Waves (WAVES) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded aWaves (WAVES) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WAVES in the past few months, WAVES is considered a good investment in 2023.
Waves (WAVES) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Waves (WAVES) will hit $4 soon.
Waves (WAVES) price is expected to reach $6 by 2024.
Waves (WAVES) price is expected to reach $10 by 2025.
Waves (WAVES) price is expected to reach $15 by 2026.
Waves (WAVES) price is expected to reach $20 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/waves-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
