WAVES (Waves) has fallen 0.10% in the last 24 hours.

Gate News Bot report, August 20, according to CoinMarketCap data, WAVES is currently priced at $1.44, with a 0.10% fall in the last 24 hours, reaching a high of $1.47 and a low of $1.12. The 24-hour volume is $189 million. The current market capitalization is approximately $170 million, a decrease of $171,600 compared to yesterday.

Waves is a community-based decentralized open-source technology stack for building scalable, user-friendly applications. Waves enables NFTs, DAOs, and other new business models, providing a very fast experience at a very low cost. The platform is committed to maximizing blockchain technology with minimal carbon footprint and bridging with other ecosystems for easy interoperability.

WAVES Recent Important News:

1️⃣ Waves launches the Units protocol to promote cross-chain interoperability The Waves blockchain recently launched the Units protocol, aimed at enhancing interoperability between blockchains. This protocol allows users to seamlessly transfer assets across different blockchain networks, a move expected to enhance the utility and appeal of the Waves ecosystem, potentially increasing the demand for WAVES tokens.

2️⃣ Waves founder calls for restrictions on WAVES token derivatives trading Sasha Ivanov, the founder of the Waves blockchain, recently called for exchanges to ban futures trading of the WAVES token. This move aims to reduce market speculation and may affect short-term price fluctuations of WAVES, but it also reflects the team's emphasis on stable long-term development.

3️⃣ USDN Stablecoin Revitalization Plan and New Stablecoin Release Waves founder Sasha Ivanov announced a revival plan for the USDN stablecoin and intends to launch a new stablecoin. This initiative aims to restore investor confidence while introducing a more stable value storage method for the Waves ecosystem, which could positively impact the value of the WAVES token.

From a technical perspective, the WAVES price has shown narrow fluctuations in the past 24 hours, indicating that market participants have differing views on the current price level. The resistance level around $1.47 and the support level around $1.12 are worth noting, as a breakout of these key positions may trigger larger price movements.

This message is not intended as investment advice; investors should be aware of market volatility risks.