The crypto market is still bearish, but waves (waves) seems to be braving it and continues to surge. For the past one week, waves has been rising and is up by over 100%. This is in spite of bitcoin and the rest of the market remaining relatively depressed. If current market dynamics are anything to go by, then the expectation would be that Waves (Waves) will be followed by a dump. Most coins that have pumped recently have been followed by huge dumps as investors pivot towards BTC. However, Waves (Waves) has the potential to keep gaining and sustain into a major Bull Run going into 2019.
One of the factors that give Waves the impetus to keep growing is its powerful mobile wallet. According to the Waves team, the revamped wallet has access to a built-in DEX, as well as access to fiat gateways. This ease of access and instant trading on mobile without having to expose private keys could draw in millions of users to the Waves platform and drive up the demand for Waves (Waves). On top of that, Waves (Waves) wallet has some enticing features such as touch and face ID. Essentially it is a wallet built for use by the average crypto user, and this will be a source of long-term growth and could help Waves sustain its current Bull Run going into the future.
The other factor that gives Waves (Waves) the potential to keep growing going forward is the fact that it is down by over 90% from its all-time highs. This means that even prior to this pump, Waves was trading close to the bottom since, with its fundamentals, it wasn’t going to zero.
This means that with its improved fundamentals, Waves has the potential to gain upside momentum from this point onwards. Even if it were to retrace in value from this point, it may not shed off all the gains it has made in recent weeks. The upside potential is far much higher. At its peak, Waves (Waves) was trading at over $16. This means that for investors going long on the basis of market fundamentals, the upside risk for good cryptos at this point is higher than the downside risk.
Another factor that supports a possible surge in value for Waves (Waves) is its token issuance feature. While the quality of tokens issued by most people on waves may not be that high, a few good ones will come out of it over time. This potential makes the waves platform and the waves (waves) crypto, which is native to this platform highly valuable and gives Waves (Waves) the potential to keep growing in value over time.
Clearly, Waves is not a random crypto pump. There is a real fundamental basis to its growth. More long-term, once the entire market turns around, Waves will be one of the cryptos that stand a good chance to outperform the entire market. It is a crypto worth watching even as overall market momentum remains bearish and bitcoin trades under $4000.