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This Cryptocurrency Just Exploded 30% Higher, Overnight


One of the more popular cryptocurrencies that's taking the market by storm today is Waves (CRYPTO: WAVES). This cryptocurrency has rocketed 30.3% higher as of 1 p.m. ET, over the past 24 hours. This sort of move, even in the crypto world, raises eyebrows. That's partly because today's move is simply a continuation of an impressive trend over the past month, with this token appreciating 325% over this time frame.

There are a number of reasons for investor enthusiasm in Waves over the past month. Notably, Waves' founder, Sasha Ivanov, is a native of Ukraine. Accordingly, as the Russian invasion of Ukraine unfolded approximately one month ago, investors appear to have flocked to this Ukrainian project.

Image source: Getty Images.

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Source Fool.com

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