Price of Waves Hit All-Time High Due to Trading Volume and NFT Gaming

In the past few months, the investors have enjoyed investing their money and profiting through the non-fungible token (NFT) industry. Since the beginning of 2021, the non-fungible token (NFT) sector has become a hub for many investors. The industry is enjoying enormous growth and adoption from the mainstream sectors and retail institutions.

One of the major sectors within the non-fungible token (NFT) sector is digital artwork that has been gaining a lot of adopting and huge reception from the investors.

Recently, the digital artwork NFT sector made it to the headlines when a digital artwork was reportedly sold for $69 million. The artwork was designed by one of the most prominent digital NFT artwork designers in the NFT industry.

On the other hand, the non-fungible token (NFT) technology is also gaining a lot of popularity among celebrities. One of the celebrities that recently started backing the NFT sector is Paris Hilton. Even the K-Pop and J-Pop industry have also started launching digital content of their celebrities through the NFT technology.

Despite gaining a lot of rally and adoption since the beginning of the year, the month of April has turned a bit stale for the NFT industry. Since the beginning of April, there has not been much going on around the NFT sector that is worth the mention.

However, there is one particular project called Waves (WAVES) that is gaining a lot of growth and rally. The project is the very reason why there is still so much excitement among the cryptocurrency community in terms of NFT technology.

A couple of on-chain data analyzing firms such as TradingView and Cointelegraph Markets have shared the growth rate of the Waves (WAVES) project since the beginning of 2021.

The data collected by both the data analyzing firms shows that the price of WAVES has gained 320% since the beginning of 2021.

The firms have confirmed that back on January 4, 2021, the price of WAVES was at $4.86. As of April 9, 2021, the price of WAVES is $20.82 per unit. On the other hand, the trading volume of WAVES is $883 million in the last 24 hours.

One of the major factors behind the increase in the unit price as well as the trading volume for WAVES is the recent announcement that was made by the project.

On April 9, 2021, WAVES announced the launch of a new game called “Duck Hunters”. The particular game is known for combining yield farming with NFT collectibles.

The game developers also announced that right from the beginning, the Duck Hunters will be in its first round. They have invited users to participate in the game and complete interactive tasks in order to receive 1 EGG as soon as the round expires.

Leave a Reply

Your email address will not be published. Required fields are marked *