According to a Twitter thread announcing the updates, “gravity bridges will be built for users and applications to access assets on any EVM-compatible chains (Ethereum, Avalanche, Binance Smart Chain, etc.), Bitcoin and Solana”.
“$150m fund and an incubation program will soon be started for the US teams, building products on Waves. The US is a key market to drive mass adoption in 2022.”
Allbridge Integration: A Strategic Move for Waves
On 21 February, cross-chain token bridge Allbridge announced it is taking the opportunity the upgrade offers to integrate with Waves. Allbridge’s integration aims to enhance interoperability across various blockchain networks. With the forthcoming consensus update to Practical Proof-of-Stake Sharding, Waves infrastructure will support the integration of diverse DeFi features, making it more accessible to external teams. The collaboration seeks to establish a unique bridge connecting Waves with both EVM-compatible and non-EVM chains, including NEAR Protocol, Solana, and Terra.
Waves Price Analysis: Coin Outperforms Crypto Markets
The WAVES coin chart illustrates its dynamic price journey since its inception. Launching at $1.33 in June 2016, the coin surged to $18.07 during the cryptocurrency market rally in December 2017. However, like many other cryptocurrencies, it faced a downturn, falling to $6.68 in the January 2018 sell-off and dipping below $1 by the year’s end.
Waves traded between $0.50 and $4 until November 2020, when the price began to climb alongside other cryptocurrencies, led by bitcoin. The price soared to an impressive $41.33 on 4 May 2021 but quickly retreated to $12 by the end of the month. The coin reached a low of $11.68 on 21 July, before recovering to $34.81 on 9 September. After a late-month dip to $21.03, the price spiked again to $34.56 in mid-October.
Despite the cryptocurrency markets facing pressure since late last year, WAVES showed resilience. Its price dropped to $7.64 on 24 January but rebounded sharply, climbing from the $8 level to over $34 by 19 March. The coin peaked at an impressive $59.13 on 30 March before experiencing a steep decline, falling below $16 on 27 April.
Impact of Global Events on Cryptocurrency Usage
Beyond technological upgrades, global events have also influenced cryptocurrency dynamics. Russia’s invasion of Ukraine, for instance, has highlighted cryptocurrencies as a means for individuals to move funds outside traditional banking systems. In addition to using established coins like bitcoin and ether, some have turned to coins developed by local innovators, such as Ivanov, as a form of support. Cryptocurrency investors have also shown solidarity by investing in coins with Ukrainian connections.
For more detailed insights, visit the source: Waves Coin Price Prediction.
