WAVES is another recent winner in the 'promising ALT reappreciation wave'

Bitcoin is a dud? Only in recent price movements. Rumors have it, and we can't remember where we read it, that wall street and other entities such as family offices are accumulating BTC, just not making a fuss. It comes as no suprise then that strategic, promising ALT coins are reevavluating, like geysers spouting out water, which coin will burst in price gains next, only to be followed by a ~61% retracement?

WAVES/BTC

How about WAVES?

Waves has clearly been identified by new entrants as a promising alt, as it has now engaged in two rounds of reevaluation just this week. Unless Bitcoin is able to valuate higher, promising projects have nothing to do but regain satoshi price against a stagnant (stable???) BTC/USD price.

For those of you that don't know, WAVES was one of the original sub-token/dex marketplace protocols. Its very easy and cheap to launch a token on WAVES, and free and relatively easy for people to get a WAVES wallet to hold all the various subtokens made on that protocol.

(For those of you that came from STEEM, you might recognize this as something that the Engine team has aspired to.)

Surely among the noise of markets awash in wash trading, there are some pump and dump coins surging and purging. But we recognize that certain promising projects are actually getting accumulated, and we suspect these are new entrants to the cryptospace.

Apart from BTC's inability to rise, is also its inability to drop very far at all. Summer is just getting started, and I think there is a lot of excitement left ahead of us.

This is not advice, it is history. Due your own Diligence.

Posted Using LeoFinance