Is Waves Crypto a Buy?
Relatively unheralded cryptocurrency Waves (CRYPTO: WAVES) is up 50% year to date, standing out in a market where most other cryptocurrencies are in the red for 2022. Furthermore, Waves is up over 200% over the past month. Some investors have erroneously dubbed Waves "the Russian Ethereum," which seems to have led to an uptick in attention, but Waves is compelling for reasons far beyond that. What is Waves, and is it a buy?
Image source: Getty Images.
Waves is a proof-of-stake asset with a $3 billion market cap. Created by Ukrainian developer Sasha Ivanov, Waves has been around since 2016 and has achieved this growth without any venture capital funding, unlike many other prominent cryptocurrencies. Instead, Waves grew organically. Waves currently has 2 million user wallets worldwide.
Source Fool.com
