WAVES Spikes Nearly 20 Percent on Positive News, Surpassing Other Digital Assets

  • Yuri Molchan
    📰 News

    The recent updates performed by the Waves platform have made its token rise much more than other crypto coins on Wednesday


WAVES Spikes Nearly 20 Percent on Positive News, Surpassing Other Digital Assets
Contents

On Wednesday, 23 January, WAVES has appreciated by well over 19 percent, leaving behind the whole top-50 list of virtual assets. Some of them are in the red and some are in the green but much less than the WAVES token.

Waves

Recent Waves advances provoking the spike

A few days ago, U.Today reported that Waves Labs launches grants for talented devs and startups that wish to work on Waves-based projects and dApps. Sasha Ivanov, the Waves CEO, back then that the company intends to spend around $50 mln on these grants in 2019. The comments in the thread were quite positive with people forecasting Waves to catch up with Ethereum in 2019 or even surpass it.

Also, on Tuesday, Waves also released an update of their Internet browser extension Waves Keeper. Now, the community can enjoy version 1.0.7 that supports new types of transactions and can whitelist or blacklist websites that have been added to it.

Waves

All of this, as well as anticipations of the approaching Vostok project tokens airdrop by Waves, may have provoked the coin’s price appreciation.

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Top gainers and losers on the top 100-list

The coins which are now showing the highest gains, apart from Waves, are Ravencoin, ranked #83 (+20.10 percent); Reddcoin, ranked #81 (+16.03 percent) and Loopring, ranked #57 (+21.75 percent).

The crypto assets that have dropped worst today are Aurora, position #73 (-20.14 percent), and Apollo Currency, spot #95 (-20.99 percent).

Cover image via u.today
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Trading Expert Predicts Enormous Gains for Ripple’s XRP Price


Trading Expert Predicts Enormous Gains for Ripple’s XRP Price
Contents

Ripple’s XRP could be on the cusp of another major price rally, according to trading expert Crypto Thies. Based on his technical analysis, the XRP price could witness “enormous gains” in the short-term.

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XRP takes a hit  

Piers Morgan’s catchphrase “One day you’re cock of the walk, the next you’re a feather duster” is very relatable to the cryptocurrency market. After stagnating for weeks, the price of XRP suddenly surged by more than 43 percent USD-wise on May 14-15 once Coinbase opened up trading in New York. XRP was the best-performing cryptocurrency in the top 10, but the rally didn’t last long.     

On May 17, XRP recorded an intraday low of $0.359 after its price tanked by more than 25 percent. All major altcoins collectively took a hammering on Friday after the Bitcoin price suddenly experienced a 20 percent drop, which was allegedly caused by market manipulations.

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A dicey situation

The blow was too hard for XRP to rebound. At the time of writing, it is trading at $0.369 after yet another 3.32 percent price decrease over the last 24 hours, according to CoinMarketCap data.  

Now, XRP is facing its make-it-or-break-it moment. If its price breaks below the $0.340 level, things could turn ugly for Ripple’s native token with its next downward target being significantly lower. Trading expert Peter Brandt earlier suggested that a huge price drop would be almost inevitable if that’s the case.

Cover image via u.today
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