Waves

Bitcoin is struggling above $38,000 support in the downtrend zone, while some of the best performing altcoins are trading in the uptrend zone. A few altcoins face the challenge of bears selling on every rally. These altcoins have resumed a new uptrend while others are struggling above the moving averages.

Unlisted cryptocurrencies are trading in bullish trend zones, while altcoins are making positive moves with the exception of WAVES.

Virtually all cryptocurrencies have reached oversold regions. Some are consolidating for a possible rebound. Could the downtrend be over when cryptocurrencies are oversold? When to expect buyers to emerge in the oversold region?

The month of May 2021 has been a rough trading period for most of the popular cryptocurrencies in the market. Some coins such as Bogged Finance (BOG) lost by 100%, DOTDOWN plunged by 99.26%, Bridge Oracle (BRG, 98.88%), Polar (POLARV3, 98.6%), and Zurcoin (ZUR, 98.47%).

Almost every month or every year, a new theory about the real creator of Bitcoin appears. If we are to mention the names of people and companies that are on the list of those claiming to be Satoshi Nakamoto, we would write until the cows come home. As we speak now, another theory has also emerged, but this time it appears to be somehow convincing in the ears of the cryptocurrency participants, as well as making waves in the digital currency world. The theory is about the fiction author Neal Stephenson, signifying that he is actually the true Bitcoin creator.

The cryptocurrency industry is aware of the need for privacy applications, as private businesses are planning to track pseudo-anonymous Bitcoin (BTC). That necessity has created waves of altcoins each expecting to surpass the rest.

Russia has produced lots of prominent figures in the crypto industry, including Vitalik Buterin and Igor Barinov. These days, it’s almost impossible to come across some ICO landing page without seeing at least one Russian name on the team.

The idea of crowdfunding isn’t a new one. Back in the 18th and 19th centuries, writers and philosophers would frequently secure investment, or the pledge of investment, for their next work.

Given that Waves has its own decentralised exchange, I’m often asked about the prospects of development for crypto exchanges. As the blockchain sector grows, will they continue to exist as niche products, or will they be absorbed by the current market leaders? The answer is a little more nuanced than that, and rests on an accurate understanding of what blockchain offers.