Waves Price Prediction and Analysis: Price increase despite red market. Major Node Update and Partnership with TMT Blockchain Fund. Friday, June 8
Important Waves News
Major Node Update
The new update focuses on the improvement of data transactions, better PoS system and token burning. Data Transactions allow anyone post information to the blockchain, while there was also added an option to send sponsored transactions. The user can pay nodes directly with custom tokens for the service. The Fair Proof of Stake update removes the disadvantages for smaller miners.
Few weeks ago, a news about Waves closing one of their offices in UK, as well as information that the company may be close to bankruptcy started to rumour. Waves issued an official statement to clarify that's not the case and the entity in UK was needed at the early stage of the project, mostly for the marketing and promotional purposes. "Due to more favorable legal regulations and Waves’ international expansion, the company’s headquarters has been moved to Switzerland (Waves Platform AG) since December 2017. Therefore, the team decided not to renew the company’s registration in the United Kingdom. The change of jurisdiction will allow the project to enhance relationships with counterparties and expand to new markets. The official announcement of company’s launch in Switzerland and the names of advisory board members is scheduled for the end of June 2018."
Partnership with TMT Blockchain Fund
The company has announced that they want to explore the blockchain and fintech technology with the focus on decentralised applications. Artyom Inyutin from TMT Blockchain Fund said: "Our mission is to bring the most successful venture investment technologies to a new generation of projects. We are inspired by our partnership with Waves, and believe that the incubator is an excellent opportunity for start-up projects to gain competent advice and unique experience." CEO of Waves Alexander Ivanov also added: "There are many great advantages in Waves’ collaboration with TMT Blockchain Fund. We value their experience, deep analytical knowledge and transparency. TMT token will be a security, fully compliant with US and European laws and regulations. This is a significant milestone for the industry, which we truly support."
WAVES Price Analysis
After May lows, Waves started June at the price of $4.21 and then experienced another drop slightly above $4 mark. Next two days brought a significant price increasing, getting the token to $4.5, just to make it fall again to the previous lows. On June 5th, a significant price spike started, what seems to be now a very brave run upwards, as despite today's red market Waves is still going higher, scoring as much as +7% daily value increase. It is currently trading at $4.74.
WAVES/USD Price Chart, Friday June 8th:
During all time highs Waves managed to exceed $16, which means that if the cryptocurrency market gets pumped again to such ranges, one could expect a 4x profits at the current token price. Technologically speaking, from these December 2017 highs, Waves as a whole project has made made improvements, which should affect the price in even more positive way.
The experts count that without Bitcoin affecting the market, Waves could safely achieve $7-10 ranges, while realistic long term growth should close in the range of around $25-35. On the other hand, assuming the Waves will become much more popular and the cryptocurrency market will thrive, there are predictions about exceeding $100 per token.
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