Waves (Waves) seems to be picking up bullish momentum again. In the past 24-hours, it is up by over 20%, and has outperformed most major cryptos by a huge margin. So what’s driving it? One of the factors that could be driving up Waves (Waves) is the latest Waves keeper update. The waves keeper is a powerful feature by waves that is aimed at protecting a users private keys, when interacting with Dapps. As per the Waves blog,
“Waves keeper is a browser extension designed to manage your keys and enable you to confirm transactions online without exposing any sensitive information to the web. Waves Keeper can be used with existing Waves accounts or can create new addresses. Multiple different accounts can be added and the user can switch between them effortlessly. The major benefit is that private keys are stored securely within the extension, allowing the user to confirm transactions and engage with Waves-enabled web services and dApps without entering their private keys or passwords.”
This is a powerful tool, and the fact that the Waves team has updated it to make it even more secure could be drawing in investors.
Waves could also reacting to a twitter announcement by Biggzi, the Waves CTO, that $50 million had been earmarked for Waves projects this year. This could drive up the number of Dapps on this blockchain. This coupled with the news of the Waves Keeper update make for a confluence of positive news around Waves, and is driving up demand.
All these positive news are also being boosted by Binance’s Waves/USDT pairings which are now active. Binance is one of the largest and most liquid crypto exchanges on the planet. As such, when they list a crypto, more so against fiat, it is bound to drive up volumes. As such, the fact that their Waves/USDT pair is now active in the midst of good news was bound to drive up buying volumes, and as a result, push up the price.
For investors, the next big question is whether Waves (Waves) can sustain this pump. Going by the moves that Waves has been making in terms of drawing in Dapps, and investments in safety, there is a good chance that demand for Waves (Waves) is likely to keep growing. That’s because, as the number of Dapps grows on this blockchain, so will the demand for Waves (Waves).
It could gain by an even higher margin if the entire market turns bullish in 2019, and there is a high chance of this happening. That’s because, from a look at Bitcoin (BTC)’s weekly charts, it is trading on a key long-term support. If the $3200 support holds for the next couple of months, then it could mark the bottom, and the beginning of a new bull run. This could see Waves (Waves) outperform the rest of the market by a huge margin. Its strong fundamentals, and an aggressive team behind it could see its value grow by a huge margin.