Thursday, December 1, 2022

WAVES Leads The Top 100 Biggest Gainers: Price Analysis

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WAVES leads the top 100 biggest gainers on the market as it entered the green over the past 24 hours so let’s read more today in our latest altcoin news today.

The total crypto market cap saw inflows of $57 billion and brought the double-digit gains for a few mid-caps so, in the meantime, large caps also benefited with Solana and ADA posting the biggest gains in the top 10. May 28 recorded the inflows steadily lifted the total market cap with a sharp increase in the early hours of May 30 and peaked at $1.276 trillion which represents a 12% increase from the local bottom.

After the Terra UST stablecoin crashed this month, the markets were in freefall, and during the period, the market cap was trading between $1.138 and $1.328 trillion which experts called the recent price action a strogn evidence of the winter. The bulls lifted Bitcoin by 6% and took it back above the psychological level of $30,000 for the first time a week ago. Cardano is the biggest top 10 gainer in the past day and up by 12% followed by Solana which also increased by 9% in the same timeframe.

waves price
WAVES 24-hour Price Chart (Source: Coingecko)

The mid-caps benefited the most in the recent terms as WAVES leads the way making an increase of 37% over the past day followed by STEPN which increased by 27% and Helium which increased by 19%. Economist Henrik Zeberg expected the crypto markets to build on the relief rally and to surge in the upcoming weeks and months. The macro factors will kick back in which can result in a new crash and add that the speculation is at the heart of the bubble.

As recently reported, The Waves.tech network is designed for users that are able to create and launch custom cryptocurrency tokens without the need for extensive smart contracts programming. All of the tokens created on the network can be managed via scripts that run in the users’ accounts. The functionality is coming to users of the ETH network and waves holders can now access numerous decentralized applications, exchanges, and Defi protocols that operate on the Ethereum blockchain. The users can then gain easy access to the Waves token which will allow Waves pools to become available on Mooniswap, Curve, and Uniswap.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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