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WAVES became the biggest weekly winner among the top 100 in the crypto market. The virtual currency has also reached the top 20 surpassing Maker (MKR), ZCash (ZEC) and Dogecoin (DOGE). There are several reasons why this asset experienced such an important growth.
WAVES Registers 120% Gains in 7 Days
According to data provided by CoinMarketCap, WAVES became the largest gainer in the top 100 for the last seven days. In the last 24 hours, it has also registered a very important increase of 44.95% allowing it to become the 19th largest crypto asset in the market.
One of the main reasons behind this price increase is the release of a new mobile application that allows users to have all the functionalities of the WAVES platform. The information was released at the beginning of the current month in a blog post.
The blog post reads as follows:
“Open the app and you’ll find the most popular features of the desktop client at your fingertips. This isn’t just a wallet by any means. You can trade on DEX, with the great tools and charts you’ve come to expect but with the convenience of mobile. There’s also access to fiat and crypto gateways, so you can deposit, store, trade and withdraw other assets.”
At the same time, WAVES released an add-on for the Mozilla Firefox web-browser. In the future, a new Google Chrome plug-in might be released. Back in September this year, WAVES released and activated capabilities for smart contracts. They have also decided to release Smart Assets and Smart Account trading features on the mainnet a few days ago.
These Smart Assets are assets that have an attached script that place conditions on every transaction made for the token in question. These assets can be traded on the market if desired. In the future, the team behind WAVES has planned many new things to be implemented on the WAVES network.
As CoinMarketCap shows, each WAVES can be purchased for $4.23 and it has a market capitalization of $423 million. Although the market has experienced a strong surge in the past few days, the movement experienced by WAVES is the strongest among the top 100 currencies.
With the positive things experienced by the network and new plans for the future, if there is a bull market since that moment, WAVES could have a good future ahead. Clearly, entering the top 20 is not an easy task. Now it is time to see whether it is able to sustain its position in the market.