WHOA , why the huge dump ?
Which dump?
dump of 15% , its now 17.5k sats and 6.30 dollar, what make no sense , because this platform is constantly on developments, check the site / discord ect about how many partnership they are in , or the things they developping ...
its hurting to see stupid none usable dogecoin rising to the moon while this waves still gets behind..
Oh, okay. -15% isn't a dump for me.
But I agree with you. Waves has so much to offer and we still waiting for better prices.
indeed -15% is not much , but if you check in a week , its more dumped than rising , while almost all alt-coins having rises ..
its weird ..but why i am so suprised i also dont know, cause this is from the begin it same and i know this.. maybe my high excpectation of this coin is playing a part
Waves is underperforming because of 265k monthly inflation:
http://dev.pywaves.org/generators-monthly/This is $1.8 million unbacked printing >every month< when waves $6.75.
If you want parabolic acceleration, buy TurtleNetwork which is a waves twin without unbacked inflation. TurtleNetwork is still trading at summer 2020 levels ($0.005-$0.007) when waves was $1.25. It will correct to 0.005/$0.035 soon and there is no inflation resistance after it goes up, only fees generated from real users:
http://statistics.turtlenetwork.eu/generators-weekly/Waves promise of xx% APY is a pipedream and the reason I already divested into TN is because I was trading masternodes 2017-2018 with xxxx% APY and they subsequently dropped -99%. Waves is of course alot better positioned and will not drop like this, but it may not go up as much as people expect this bull market, because inflation caps demand. Although $400 pierce should be possible this year if coinbase or other big partnership. If regulation issues, it will drop alot.
The extreme choppiness in waves, up down $5.5 -> $7 every week, is because of 265k/$1.8m new inflation hitting the market.
TurtleNetwork only needs 1 trigger and its the next RaiBlocks, put in $100k exit $30m less than a year later.
But you should buy it right now and not wait, because if/when it moves it will be 1000% intraday same as Doge, but it won't drop again after ICO buyers from 2018 sell their combined 10m stacks.
I still have more than 500k TN to buyback from october short and company owns 500k, so for me TN is good at this low price, time to accumulate to cover the short.
And don't put all your money in TN, max $10k or 1% of portfolio because I owned dozens of nano caps 2017-2019 and they all failed.
But risk/reward now that everything else x10, is favorable. Both $waves and $TN are two of the best projected investments this decade when correcting for human/geopolitical factor. Tech per dollar it's leaps and bounds beyond top 10 cryptos and most of the top 200.