Waves logo
Waves
WAVES
$2.78

Sector

DApps

Exchange Debut

2016-11-21

Market Cap

277,882,183

Maxim Supply

Circulating Supply

100,000,000

Circ. Supply(%)

Waves logo

Waves

WAVES

Price

$2.78

Market Cap

Sector

Exchange Debut

277,882,183
2016-11-21

Volume 24h

High 24h

Low 24h

56250951
2.884395120546
2.677452375255

Change 24h

Change 7d

Change 30d

0.861
16.9058
29.3434

Maxim supply

Circulating supply

Circulating supply(%)

100,000,000

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Waves cryptocurrency:

 

Waves, a multi-faceted blockchain platform birthed in 2016, has evolved since its inception, priding itself on its speed, utility, and user-centricity. From enabling decentralized applications (DApps) to smart contracts, its versatility is evident. With an impressive overall score of 7.32 out of 10 from a fundamental analysis of the Waves – WAVES cryptocurrency , it’s clear that the platform has garnered significant attention and progress in the crypto realm.

SOCIAL & MASS MEDIA: Score 6.60 out of 10

Waves is quite resonant in the digital world. With an impeccable presence in media at a full 10 out of 10 and an ability to draw followers on its social media platforms scoring 8.50, it’s undeniable that its visibility is commendable. However, the community’s activity on these platforms seems significantly subdued, hinting at potential areas of engagement improvement.

AUDIT & SECURITY: Score 5.05 out of 10

On the security front, the liquidity on exchanges is commendable with a score of 8. While the transparency of information made available to the public shows promise, the results of audits are a tad concerning. Ensuring reinforced security measures could amplify trust within the fundamental analysis of the Waves  cryptocurrency community.

TOKENOMICS: Score 5.90 out of 10

The token economy shows a moderate score. There is a hint of centralization in its monetary mass, while concerns about its inflationary nature are evident. Waves might need to recalibrate its strategies to enhance the health of its tokenomics.

ECOSYSTEM DEVELOPMENT: Score 7.60 out of 10

The ecosystem development of Waves stands out. Meeting objectives and the inclination to usher in new project developments both score a solid 7. This signifies consistent growth and a forward-thinking approach, crucial for the ever-evolving blockchain domain.

TEAM & DEVELOPERS: Score 8.80 out of 10

One of the cornerstones of Waves’ success is its team. With the experience of the team near perfect and a commendable number of software developers, it’s evident that the platform is backed by expertise and dedication.

PRODUCT & UTILITY: Score 8.70 out of 10

The utility of the product shines brightly with a 9.50 score, reflecting its inherent value. The utility of tokens in the ecosystem is also appreciable, highlighting the significant role they play in ensuring the platform’s functionality.

PARTNERS & INVESTORS: Score 8.00 out of 10

In the arena of collaborations, Waves has managed to secure quality partners, evidenced by a score of 9. However, the capacity of investors could be diversified further to enhance its score and stability.

Fundamental analysis of the Waves cryptocurrency – The final conclusion

Diving deep into the fundamental analysis of the Waves – WAVES cryptocurrency, we observe a platform that holds immense potential. Its strengths lie in its product utility, team, and partnerships. However, there are areas, such as community engagement and audit results, where attention is needed. While the current standing is favorable for investors, as with any investment, potential risks should be evaluated. The need for enhanced security measures and community engagement strategies can’t be understated. Nevertheless, Waves showcases promise as an investment avenue, balancing risks with ample growth opportunities in the cryptocurrency landscape.

What is Waves?

Introduction to Waves 

Waves is a multi-purpose blockchain platform launched in June 2016. It was designed to enhance the functionality of early blockchain systems by prioritizing speed, utility, and user-friendly features. The primary currency used on this platform is the WAVES token.

Distinctive Features of Waves

One aspect of the fundamental analysis of the Waves cryptocurrency is understanding what sets it apart. Waves was crafted with an emphasis on catering to businesses wanting to incorporate blockchain into their operations. The platform not only supports smart contract and DApp development but also ensures that it remains faster and more user-friendly than its competitors. Additionally, Waves has expanded its services by introducing new products. Notable examples include Gravity, a cross-chain and oracle network, and Neutrino, a platform that zeroes in on decentralized finance (DeFi).

Interoperability and Adaptations

In a significant move, Waves announced its platform’s compatibility with the Ethereum network in 2020. This was achieved by launching the WAVES token as an ERC-20 standard asset. Furthermore, the Waves DEX offers users a decentralized cryptocurrency exchange, enhancing the platform’s flexibility and utility.

This comprehensive view helps investors and enthusiasts in the fundamental analysis of the Waves – WAVES cryptocurrency, offering insights into its uniqueness and adaptability.

Fundamental analysis of the Waves cryptocurrency

Waves - WAVES performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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