Still Sluggish, Look at WAVES Coin Crypto Performance June 14 2024

Liputan6.com, Jakarta Waves is a multi-purpose blockchain platform that supports a variety of use cases including decentralized applications (DApps) and smart contracts. Waves' native cryptocurrency is WAVES Coin.

Reporting from Coinmarketcap, Waves was launched in June 2016 after one of the earliest cryptocurrencies in the industry conducted an Initial Coin Offering (ICO). Waves' native token is WAVES, an unlimited supply token used for standard miner payments on the Waves blockchain such as block rewards.

On Friday trading (14/6/2024), the price of WAVES Coin experienced a large decline. The following is the price movement of WAVES Coin over the last 24 hours.

Based on data from Coinmarketcap, WAVES Coin fell 4.70 percent in the last 24 hours. The WAVES Coin price is currently at IDR 19,643 with a trading volume in the last 24 hours of IDR 531.3 billion.

WAVES Coin has a market capitalization of around IDR 2.2 trillion. To date, there has been a circulating supply of 109.6 million WAVES Coins, out of which the maximum supply is not available.

Waves was originally created to improve the first blockchain platform by increasing speed, utility, and user-friendliness. The platform has undergone various changes and added new features to build on its original design.

Founder of Waves

Waves is synonymous with its founder, Ukrainian-born scientist Alexander Ivanov (also known as Sasha Ivanov).

Before creating Waves, Ivanov was already active in the world of cryptocurrencies, having launched the now-defunct Coinomat instant exchange and indexing site Cooleindex. He also created an early version of a stablecoin, CoinoUSD, which was tied to the US dollar.

Ivanov actively promotes Waves publicly, frequently conducting interviews about the platform and trends in the broader blockchain industry.

According to Waves marketing literature, the company now employs more than 180 people in locations including Moscow and Switzerland.

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