WAVES Price Prediction – Will WAVES Hit $60 in 2022?

This WAVES Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our WAVES coin price prediction and price analysis.

Waves (WAVES) is one of the cryptocurrencies that surprised the crypto world at the beginning of the year. Interestingly, WAVES hit an all-time-high record in May 2021 reaching $41.33 according to CoinMarketCap. WAVES has also succeeded in nailing a growth rate of over +59.9% in the past 14 days. As a result, WAVES is now one most talked about virtual assets in the crypto world.

With all these achievements, we can say that Waves is a cryptocurrency with a lot of potentials. In terms of its technology, the network uses a variation of the proof-of-stake (PoS) consensus mechanism called leased proof-of-stake (LPoS). Best of all, this LPoS of Waves enables full nodes to earn a profit after producing new blocks on the platform.

In this WAVES price analysis and price prediction, we take a look at the performance of WAVES if it will reach $60. But before that, let us learn more about what Waves (WAVES) is and its current position in the crypto market.

What is WAVES?

WAVES is a platform based on blockchain technology. It is designed to provide developers an easier way to create cryptocurrency without the need for extensive smart contract programming.

As a result, tokens in the Waves blockchain can be managed and created using scripts that run on user accounts. Truly, Waves help developers fast-track crypto creation on its platform.

The network has its own native virtual asset called WAVES. These tokens are used to reward all the participants inside the WAVES network. In addition, WAVES tokens are also utilized as a payment for all the fees transacted in the platform and its other projects.

For all interested buyers of the WAVES token, the crypto is available in major decentralized exchanges. A few examples are Binance, FTX, OKEx, Huobi Global, and Upbit to name a few.

WAVES Current Market Position

WAVES is one of the most aggressive virtual assets in the crypto market today. The recent crypto winter had made WAVES lose most of its previous gains. It has declined in price by 25.5% in the past one year. For this reason, WAVES has become one of the most talked-about digital assets in the crypto world.

In terms of its market standing, the crypto positions itself as one of the top 65 cryptocurrencies in CoinGecko, As a result, the WAVES’ market capitalization rose to almost $1,077,479,461 with a 24-hour trading volume of $3,343,369,129. Each Wave (WAVES) is worth $10.02 and it has increased by 16% in the past 24-hours. Indeed, this market status of crypto attracts global investors around the world.

Now that you already have an idea about what WAVES cryptocurrency is, do you think WAVES is a good investment this year? If you are already excited to know, come, and together let us check this WAVES price prediction and price analysis article.

WAVES Price Analysis 2022

Currently, WAVES holds the 63rd place on CoinGecko. But will the latest upgrades, developments, and changes in the WAVES blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this WAVES price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for WAVES, it could be seen that the present uptrend could continue for a while since the last candlestick is above the first half of the Keltner Channel from the top. This shows that the present increase in the price of WAVES in the past 5 days is not coming to an end soon though there could be a consolidation and a continuation of the bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of WAVES 1Day chart of WAVES/USDT is at 59.05  This shows that BTT is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase.

From the Moving Average (MA) 100-day and 50-day chart for WAVES, we can observe that both curves are above the last candlestick that was formed, while the 50-day MA is below the 100-day MA. This is a sign that the market would be bullish for long-term investors and that long-term investors would gain.

WAVES Price Prediction 2022

The chart below shows that WAVES has performed well in the past few days. However, the WAVES price shows a bullish signal. If this trend continues, WAVES might run along with the bulls, breaking its $18.90 resistance1 level and going higher to $55.28 at the resistance4 level, the 2022 bullish signal.

Conversely, if the investors do not favor crypto, the bears might take over and pull WAVES from its uptrend position. In simpler terms, the price of WAVES might decrease to almost $1.09 at the support2 level, a bearish signal.

Meanwhile, our long-term WAVES price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $61.30 this year according to CoinGecko. Moreover, WAVES can hit ATH only if it breaks many previous psychological resistances.

If this bullish trend continues, WAVES will hit $55.28 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $18.90. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $60 is quite optimistic in the price point of view but undoubtedly feasible for the near future

WAVES Price Prediction 2023

If WAVES holds the support level around 100-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $100, making it not plummet but play consistently.

WAVES Price Prediction 2024

As per the latest upgrades, developments, WAVES price prediction, and new project forecasts of the platform, WAVES investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of WAVES in the crypto market, and it will be the best investment as the price can spike and reach around $125.

WAVES Price Prediction 2025

In the next four years, WAVES prices could race up to $150. In addition, reaching this level could not be so difficult for WAVES as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WAVES has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

WAVES Price Prediction 2026

In the next five years, WAVES prices could race up to $200. In addition, reaching this level could not be so difficult for WAVES as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WAVES has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

WAVES Price Prediction 2027

In the next six years, WAVES price could race up to $400. However, reaching this level could not be so difficult for WAVES as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WAVES has a high possibility of reaching new ATH soon in the next six years as per the prediction.

WAVES Price Prediction 2028

In the seven four years, WAVES price could race up to $550. However, reaching this level could not be so difficult for WAVES as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WAVES has a high possibility of reaching new ATH soon in the next seven years as per the prediction.

WAVES Price Prediction 2029

In the next eight years, WAVES price could race up to $800. However, reaching this level could not be so difficult for WAVES as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WAVES has a high possibility of reaching new ATH soon in the next eight years as per the prediction.

WAVES Price Prediction 2030

As per the latest upgrades, developments, WAVES price prediction, and new project forecasts of the platform. Moreover, this might boost the price of WAVES in the crypto market, and it will be the best investment as the price can spike and reach around $1000.

Conclusion

WAVES has a bright future ahead of it in 2022. With the ongoing developments happening within the WAVES ecosystem, as well as in the overall crypto market, we may see WAVES reach new heights.

Bullish WAVES price prediction 2022 is $55.28 As said above, it may even reach $60 if investors have decided that WAVES is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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