Non-fungal tokens (NFT) have provided an impressive bonus for early adopters in recent months, especially as they have caught public attention with the sale of digital art records and well-known influencers like Paris Hilton who have provided support behind the sector.
There were shots around the NFT in April, but the recent increase in Waves (WAVES) shows that there is still a lot of tension in the cryptocurrency community about the recently released NFT.
4-hour chart WAVES / USDT. Source: TradingView
Data from Cointelegraph Markets and TradingView show that the price of Waves increased 320% in 2021, rising from a low level of $ 4.86 4. January to a full-time high of $ 20.82 April 9, thanks to a full-time high of $ 883 million on the stock exchange. 24. Trading volume per hour.
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The excitement for WAVES reached a new climax today after they released Protocol Duck Hunters, a game that combines NFT collectibles with cropping.
In a follow-up tweet announcing the launch of the first round of Duck Hunters, it was stated that all participants who completed some social interactions will receive 1 EGG immediately after the round ends.
The momentum for the token has built up in the weeks leading up to the Duck Hunters release, starting with the listing of USDT-WAVES on Bittrex on March 23rd.
This follows the March 24 announcement of the expansion of Waves Enterprise in Singapore as part of the strategy to create hybrid networks that can interact with public blockchains such as Ethereum (ETH).
VORTECS fra data from Cointelegraph Markets Pro also began to reveal optimistic forecasts for WAVES on April 8 ahead of the recent price rise.
Exclusive to Cointelegraph, VORTECS ™ is a mathematical comparison of historical and current market conditions derived from a number of data points, including market sentiment, trading volume, recent price movements and Twitter activity.
Prices VORTECS ™ (green) versus WAVES price. Source: Cointelegraph Markets Pro
As shown in the chart above, after the VORTECS ™ waves remained relatively flat in the yellow band most of the week, they turned green and reached a peak of 66 on April 8, about five hours before the move began, collecting 60% during the race. of day. following.
The addition of NFT functionality to the Waves ecosystem, together with the growing decentralized economic ecosystem, has created an end-to-end protocol that can see further growth as blockchain technology is further integrated into mainstream commerce.