Waves (WAVES) Price Analysis: WAVES Enters a Bull run as it Gets Close to the Top 20 Despite the Dipping Market

Waves appears to be maintaining its position under the spotlight in the cryptocurrency market as the crypto is showing amazing progress against the fiat despite the fact that the bear trends are still present and effective. That means that the majority of cryptocurrencies are still dropping  with only occasional gains that seem to be failing at lasting more than a single day, allowing the bear trends to return with more price cuts. However, Waves (WAVES) alongside several other of its crypto peers, like Tezos (XTZ) and EOS (EOS), is managing to gain a positive return on weekly charts. Moreover, even though EOS and XTZ are dipping in the last 24 hours by over -4% and over -5%, while Waves is rising by the amazing 72% of gains in the course of the last seven days. Even while the majority of top 30 trading currencies is seenin a drop on December 14^th Waves is spiking by over 15% in the last 24 hours.

Waves (WAVES)

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Altogether on the list of top 30 coins, barely any crypto is showing positive returns on a weekly basis while Binance Coin (BNB), Ethereum Classic (ETC), EOS (EOS), Maker (MKR) and Tezos (XTZ) are most definitely recording progress in the market in the last seven days. Waves, however, is a living proof that a major rebound is more than possible even in the dipping market.

Waves About to Become One of the Top 20 Cryptocurrencies

It appears that the 20^th spot on the list of top cryptocurrencies that is determined by market capitalization can somewhat be described as critical since not many cryptos are able to stay for long on the transitioning rank towards becoming one of the top 20 cryptos in the market. This is especially the case with the last couple of weeks as we witnessed more than several coins “coming and going” to the 20^th spot and close to the top 20 list, including Maker (MKR), which is the current 20^th largest cryptocurrency, Zcash (ZEC), now holding rank 19, and Dogecoin (DOGE) that revisited the 20^th spot on the list afterward declining few ranks down. Waves is currently positioned as the 21^st largest crypto in the market and it appears that “only” around 4 million dollars in market cap sets WAVES apart from taking the 20^th spot from MKR that took over the position only several days ago with an unexpected surge, still rising on weekly and daily charts concluded with December 14^th.   

Waves is Spiking Up Big Time as 2019 Approaches

Waves seems to be the most progressive cryptocurrency on the list of the top 30 trading currencies, as not only that WAVES is surging by over 72% in the course of the last week, but is still able to collect 12% of gains in the last 24 hours. Additionally, WAVES is up by over 107% in the course of the last 7 days, also showing progress with 43% of rises in the course of the last month and 30% of gains in the period of the last 60 days. That is how it appears that the crypto is surging towards the value of 3$ and up, while currently traded at the price of 2.49$.