Waves Price

The Waves crypto could be a good investment, especially as its value could increase amid the rising adoption of Web 3.0 technologies. As a blockchain that offers dApps a low-cost, eco-friendly platform with minimal carbon footprint, the Waves ecosystem could be an attractive alternative to the Ethereum network for developing scalable dApps across multiple categories.

In addition, the Waves price could register an uptick following the transition from Waves 1.0 to Waves 2.0 shortly. As of August 2022, the developers are planning the launch of Waves 2.0, a new blockchain with EVM compatibility, true decentralization with a DAO framework, and higher interoperability.

These features, once rolled out, would make the Waves platform an even more attractive ecosystem to deploy Ethereum-based dApps on. The upgraded Waves 2.0 protocol would feature a Practical Proof of Stake Sharding (PPoSS) consensus mechanism, making it far more scalable and efficient.

While it is impossible to offer an accurate WAVES price prediction, strong fundamentals indicate a strong possibility for an uptrend in the value of the Waves project in the coming months. As of August 2022, the live price of WAVES tokens remains well below its all-time high of more than $62.

The past price performance suggests that positive market sentiment and fundamental drivers such as new network upgrades and rising adoption of its ecosystem could see the WAVES price retest and potentially reclaim its highest price in the future. This could occur once Waves 2.0 rolls out with sharding technology, making the blockchain more scalable and capable.

In addition to an uptick in the adoption of its ecosystem by dApp developers and users, the value of WAVES could also surge as the mood in the crypto market turns strongly bullish. A positive attitude among crypto investors encourages buying activity and boosts WAVES price statistics.

The following are some use cases for the WAVES native token:

Pay Transaction Fees

WAVES is used to pay transaction fees by users, dApps, and smart contracts within the Waves blockchain.

Block Rewards

Nodes contributing to validating transactions and producing new blocks within the blockchain receive rewards in WAVES crypto.

Leasing Tokens

WAVES token holders can lease their tokens to existing nodes, which perform block production and transaction verification processes. They can receive a percentage of rewards earned by the nodes as payouts for leasing their WAVES tokens.

Crypto Asset to Trade and HODL

WAVES is a popular crypto asset to trade and invest in. You can buy or sell WAVES against other cryptocurrencies or hold it long-term if you believe in the future potential of the Waves project. Review the real-time Waves price, WAVES live market cap, 24-hour trading volume, circulating supply, and the latest crypto news before you trade WAVES coin.

Earn Passive Income

In addition to staking on the network or leasing $WAVES to existing nodes, you can also invest in WAVES to generate passive income. KuCoin lets you lend liquidity for WAVES via our Crypto Lending service to earn attractive daily interest over seven days, 14 days, or 28 days.

In addition, you can also use the KuCoin Earn feature to stake WAVES on KuCoin and generate attractive APRs over flexible tenors.

As of September 2022, the circulating supply of WAVES crypto stands at just over 109 million tokens and matches the total WAVES token supply. The number of WAVES crypto in circulation keeps changing depending on the on-chain activity the Waves network experiences.

Higher usage of the network by dApps and end users drives up the block production activity, increasing the pace at which $WAVES tokens are generated and distributed as rewards. On the other hand, the rate of $WAVES rewards distribution slows down when fewer dApps and users stay active on the blockchain.

Staking is a convenient way to put your cryptocurrency to work and grow your portfolio by earning passive income. It is a good strategy for long-term holders and is especially beneficial if you wish to have low-risk exposure yet still make profits.

Here are the steps to stake $WAVES easily on KuCoin and earn attractive interest:

1. Visit the KuCoin Earn section. Ensure that you have sufficient funds in $WAVES tokens for staking.

2. Search for WAVES from the list of crypto assets available for staking on KuCoin Earn.

3. Review the available and active staking pools our platform has to offer. Check the latest APRs, and review the tenor or lock-in period and type of staking activity. Click on Subscribe to proceed.

4. Enter the number of WAVES tokens you wish to stake. Review the projected profit and agree to our terms and conditions. Click on the Subscribe button to confirm the transaction.

5. Sit back and earn rewards in $WAVES via staking.