Waves, the cryptocurrency of Waves crypto-platform for asset and custom token issuance, transfer and trading on blockchain, rose significantly during last week, growing by 27,23% from the price of $3,69 with market capitalisation of $369 million on November 13 to the price of $5,41 with market capitalisation of $540 million on November 20.
Such a notable price rise might be connected with the updates and innovations which were presented by Waves platform during the week. For instance, on November 14 the Waves platform claimed that it has successfully tested the NG consensus protocol, which promises increased speeds and throughput on the blockchain.
On November 15 the platform announced that miners rewards will substantially rise as the terms for miners are changing, making running a node or leasing the balance more profitable. It was stated in the announcement that miners will be able to earn up to 5% annually on their balances, and this is without taking into account expected increases in transaction volumes or the price of Waves. The total annual rewards earned by miners will increase by up to 5% in the beginning of 2018.
Moreover, korean exchange UPbit launched WAVES/KRW pair on November 17 and earlier in November it added WAVES/BTC pair.
Korean exchange UPbit launched $WAVES/KRW pair today! Earlier this month UPbit listed $WAVES/BTC pair. https://t.co/mndeEX91QQ #WavesPlatform #RideOnWaves #Blockchain #cryptocurrency $BTC #WavesExchange
— wavesplatform (@wavesplatform) 17 November 2017
What is more, on November 17 Waves reached 8 million processed transactions since the day it was initially implemented in 2016.
Waves Transactions report since Inception
Waves announced the start of the Closed Beta Test of Waves Decentralised Exchange 2.0 on November 20th which will last for a week. WAVES are claimed to be awarded to three most active and efficient testers out of the whole number of one hundred who discover unique bugs. The users of the community hope to the the release of Open Beta in December.
At the time of press, WAVES is traded at the price of $5,28 with market capitalisation of $528 million and 24h Volume of $21 million.