Price Predictions

WAVES Price Prediction Weekly (May 2022): Is INR 1000 Achievable This Week?


Key Takeaways: 

  • The WAVES price closed the previous day’s trade at INR 589.17 with a market capitalization of INR 58.96 billion and a circulating supply of 108,406,540 WAVES
  • After a steep jump, the asset appears to have been relaxing a bit and hence a squeeze has dragged the price lower
  • Yet a significant upswing could uplift the price by another 15% before the end of the weekly trade

Waves Price Analysis:  Will WAVES Price Hit INR 1,000 This Week of May?

Waves price was also deeply impacted by the recent price slash from INR 1000 to INR 645 levels. After a brief consolidation between INR 616 and INR 414, the asset reached the lowest levels at around INR 330. No doubt, the prices rebounded well and surged nearly 140%, yet the fresh rejections could hinder the rally.

The WAVES price is currently attempting very hard to flip the bearish divergence and regain the levels above INR 700 at the earliest. This may pave way for the asset to secure levels above INR 800 in the next couple of days. However, to end the weekly trade, the prices could be 10% to 12% short, only if buying pressure keeps on accumulating.

Check out the Latest Price, Charts, and Data of WAVES/INR.

Waves Price Prediction: WAVES Price Trend Comparison with SRM (Last 30 Days)

Source: Tradingview

  • Ethereum is considered as one of the strong competitors of Waves along with Cardano, Ouant, etc
  • ETH price compared to that of WAVES price maintained more or less a stagnant rally, being very less impacted by the recent market slash
  • While WAVES price dropped hard from the higher levels and currently attempting very hard to regain the lost positions
  • The ETH price after falling from the average levels to as low as -39%, rebounded well to trade at the current levels of around 30.52%
  • Conversely, the WAVES price dropped hard from the same average levels to as low as -70% and currently trading at -30.52% at the press time

Correlation of WAVES/USDT and WAVES/BTC (Last 30 Days)

Source: Tradingview

  • The Waves price with both the trading pairs appear to maintain a similar pice trend for quite a long time
  • However, the recent market slash impacted the USDT pair to a larger extent as it had already decoupled prior to the crash
  • Currently, both the assets are attempting very hard to recover with a strong magnitude, yet the fresh rejections may be a huge matter of concern
  • The WAVES/USDT price consolidated between +5% and -15% for some time and dropped to as low as -70%. However, the asset managed to rebound and reach –40% at the press time
  • On the other hand, WAVES/BTC price dropped from around +7% to test the lower levels at -62% and with a flip ranged high to test -25% but hovering around -33% at the press time

Additional Read: 5 things to keep in mind before investing

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Waves (WAVES) INR 703.98 +50.93%
Axie Infinity (AXS) INR 2,048.79 +19.02%
Cardano (ADA) INR 53 +24.12%
Helium (HNT) INR 737.99 +15.73%

Top Losers

Crypto Price* 7-Day Percentage Change
Mirror Protocol (MIR) INR 24.74 -40.1%
Tron (TRX) INR 6.50 +5.4%
STEPN(GMT) INR 98.18 -11.2%
PancakeSwap (CAKE) INR 379.96 -1.8%

*Prices are of 31 May 2022 at 12 pm

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
Moonbeam (GLMR) INR 107.07
Livepeer (LPT) INR 1,097.47
Kava (KAVA) INR 221.64

*Prices are of 31 May 2022 at 12 pm

Download CoinDCX App, India’s safest and simplest crypto investment app. 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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