Today, Waves (Waves) continues its extraordinary rise to the top. In the last 24-hours, it has pushed into the top 20 and now ranks 19th on market cap rankings. It is up by over 55%, on news that it has secured $120 million in funding for integration of its Vostok private blockchain into government an institutional IT systems. This has excited the market because it will open up the Waves ecosystem for adoption by large institutions,and bring a new era of large scale blockchain adoption like never seen before.
But, the Vostok deal is not the only factor driving the FOMO around Waves (Waves). Waves has also made a number of other big moves that could drive adoption in 2019. For instance, yesterday the Waves team announced the launch of KYC for token issuers. Through the Waves blog, Waves announced that they are partnering with BetterTokens, a Swiss-based blockchain non-profit. The goal of this partnership is to assess tokenization projects, so as to eliminate fraud, and make blockchain safer.
The announcement further added that,
“Information gathered about token issuers will be recorded on the Waves blockchain as a DataTransaction, which will ensure its immutability and reliability. QualifiedToken Issuer status will guarantee membership in BetterTokens, verified token status on Waves, a ticker, logo and priority search listing on Waves DEX.”
Going by the Waves 2019 roadmap, chances are that Waves(Waves) current momentum could sustain, and possibly see this crypto break intothe top 10.
One major factor backing this up is the fact that, the market seems to be responding positively to every move that Waves is making. This is not very common in crypto space nowadays, where most cryptos seem to have become immune to good news.
Every announcement that Waves has made this month has been followed by a significant increase in price. The fact that Waves (Waves) is rising exponentially with every announcement goes to show that people trust the project’s roadmap, and with all the big things it has in plan for 2019, then the current momentum could sustain. In fact, at its current rate of growth, Waves (Waves) could break into the top 10, or even thetop 5 before the end of this month.
Waves (Waves) chances of breaking into the top 10 are also enhanced by the fact that overall market sentiment is turning bullish. Yesterday, one of the most famous crypto traders, Mark Dow, closed a yearlong short position on Bitcoin (BTC). This could be a signal that the market has either hit the bottom, or is very close to the bottom.
If current bullish sentiment sustains, and investor confidence picks momentum, money will start flocking into cryptos that are showing the most promise for exponential gains. So far, Waves (Waves) is leading the pack on this front. As such, it would not be surprising if it draws in more retail FOMO than any other major crypto going into 2019. Blockchain technology is evolving, and efficient and industry-ready projects like Waves (Waves) arefinally breaking away from the pack.