Ukrainian-Origin Crypto Continues To Make 'Waves' Even As Bitcoin, Ethereum, Dogecoin Crash — What's Going On?

Waves (WAVES) traded 12.5% higher at press time over 24 hours leading up to early Friday morning at $20.42. 

See Also: How To Buy Waves (WAVES) 

Why Is It Moving? WAVES traded higher even as major coins remained in the negative territory on Friday morning. At press time, the global cryptocurrency market cap decreased 4.25% to $1.8 trillion. 

Waves is the best performing coin in the last seven days, according to CoinMarketCap data. The coin’s founder Sasha Ivanov shared an article on Twitter on Thursday, which reasoned for why Waves has gained over 100% over the course of the last week. 

The Cointelegraph piece attributed the appreciation in Waves to the launch of a blockchain agnostic Metaverse and the establishment of a new partnership with Allbridge, a token bridge that facilitates asset transfer between networks.

3 reasons why Waves price gained 100% in the last week https://t.co/nO4bkXHlQr via @cointelegraph

— Sasha Ivanov  (1 ➝ 2) (@sasha35625) March 1, 2022

Another factor that has led to the appreciation in the value of Waves is the Migration to Ver. 2.0 — which is underway, as per Cointelegraph.

Waves was one of the collateral assets added by Binance, the largest spot exchange by volume, on Thursday. 

#Binance Loans adds collateral assets $MATIC, $SLP, $THETA & $WAVES

https://t.co/hkufEOfZOs pic.twitter.com/G579KgWioa

— Binance (@binance) March 3, 2022

Waves Chatter: Some Twitter users noted that Waves was a “Russian” coin. It should be noted that Ivanov himself has Ukrainian roots. He has recently touched upon that fact recently and called for peace.

Russian backed $waves up 73% this week pic.twitter.com/QoIS0cB5PA

— Aventuras (@AventurasCrypto) February 28, 2022

$WAVES is approaching resistance and nearing the daily cloud. Waves is often referred to as Russian Ethereum. https://t.co/KWiaSxiXTf

— doppel (@doppel_ichi) February 26, 2022

Read Next: Bitcoin, Ethereum, Dogecoin Plunge As Ukraine Jitters Keep Investors On Edge — Will The Risk Appetite Return Soon?