Waves Analysis ($WAVES)
The following is not financial advice.
Welcome to back The Scoop!
This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin.
What is Waves?
It's a platform for tokens, DEX (decentralized exchange) and cool way to issue assets on the blockchain. Crowdfunding features is another goal. Very cheap to create an asset, only 1 WAVES. Tons of cool projects like WavesGo, WavesDesk, Community Token, Mercury and others. Very easy to use xchange built into the wallet! There's a lot to like about the Waves project.
Check here for more info on assets:
http://dev.pywaves.org/top25assets/
Check out the Bitcointalk thread for technical details:
https://bitcointalk.org/index.php?topic=2142722.0
Where's the wallet?
https://wavesplatform.com/product
Along with the whitepaper:
https://blog.wavesplatform.com/waves-whitepaper-164dd6ca6a23
Upcoming bits of their roadmap:
How many of them are they?
CMC says 100m circulating supply.
Who's the team?
Backed up a company, actually. Top talent in the founder and built to last.
More details:
https://wavesplatform.com/company
How is Waves different?
It's a platform that makes sense, in a commodity type of way.
Pros
- cheap asset creation
- solid network
- nice tech
- steady growth
- gaining popularity
Cons
- needs assets to gain popularity
- more partnerships
Where is it traded?
Many, many places and more to come.
https://coinmarketcap.com/currencies/waves/#markets
The Final
Based on the FA, Waves looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 60k sats would be bargain or around $12 would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!