Why are Price Predictions Important?
Price predictions are a vital element of any financial system and politics. By determining the possible future value of assets, you can control your finances. It is not about predictions like in astrology. Price predicting is a mathematical and financial instrument. It lets you predict the price dynamics and their change in the short or long run.
Today, you can find out about this based on the Waves price prediction. We will also remind you of some facts about WAVES, as well as its price dynamics history.
What is Wave Coin About?
Before talking about price predictions, let’s refresh your memory on the WAVES cryptocurrency.
Waves currency is a vital element of the Waves blockchain. The purpose of the system is simple – to let users create and trade different crypto tokens without any knowledge of programming. No wonder this service quickly became popular among people who are in crypto trading, but have no knowledge of programming. It is also pretty popular among traders on Telegram. Users of the best cryptocurrency telegram channels trade Waves a lot, as well as some of the newly created tokens.
In order to create a new token, a user must spend some Wave coins. It is a fee of sorts, which is required also to use other services of the Waves ecosystem.
The total supply of Wale coins is 105.740.878 coins. By July 2021, there are over 105.740.000 coins already in circulation on the crypto market. The maximum supply of this coin is unknown. This means that there is either no maximum supply at all, or the total supply is a red line for this coin.
Wave’s Price History
Launched in 2016, this cryptocurrency hadn’t gain much attention till May 2017, when its price had increased up to $5.3 from the $0.1 point. After that, there was a slow but steady process of the coin’s price increase. However, in 2018, its price dropped again significantly. For a long time, it stayed on the same level without any sign of a possible increase.
In 2020, WAVES prices started to increase again. This time, its price increase was faster and more intensive. The Wave coin faced its price peak in May 2021, right before the market crash that occurred several weeks later. At that point, the price per coin was $41.33. After that, Wave’s price decreased as fast as it increased. Still, taking into account the price tendencies during the first half of 2021, this cryptocurrency has two major states. It can either be stable, but low-priced, or highly volatile and high-priced.
What Experts Say About Wave’s Future
Now, it is time to talk over WAVES price prediction. Here are forecasts of several financial platforms for 2021 – 2025:
- Walletinvestor predicts that the price of Waves will reach $70.00 by 2025. The experts believe that it will show a 111.26% increase in one year. Considering these facts, it is concluded that the WAVES coin is a good long-term investment.
- Digitalcoinprice platform has other predictions. Their experts predict that the price of one Wave coin will increase up to $43.94 by 2025. According to their algorithm, the price of Wave will increase twice every year. The same as the previous platform, this one considers WAVES a profitable long-term investment.
- The Cryptocurrencypriceprediction website’s algorithms estimate that Wave will reach an unbelievable $661 by 2025. Based on their calculations, the price of one coin will increase by 7.8 times in 2022 – 2025. Such a prediction doesn’t sound too realistic because it doesn’t take into account the possibility of a market crash or price drop. Still, it shows an increased tendency, which is a good sign.
Concluding all these opinions and predictions, you can see that WAVES is a reliable and profitable long-term investment. Even if its price increase isn’t as steady and fast as some of the predictions show, the Wave coin can still prove to be a good investment in the next few years.
As mentioned before, price prediction is a strong instrument that can help traders shape their financial state without losses.
Remember that no prediction is a truly reliable source of information. It doesn’t take into account lots of possible and impossible events that can occur on the market (e.g., because of social media activity). So, when you decide to do something based on price predictions, remember that there is a risk that a particular forecast will not come true.