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Waves Price Prediction 2024: WAVES Still Crashing After Binance Delisting

Last Updated 6 days ago
Giuseppe Ciccomascolo
Last Updated 6 days ago

Key Takeaways

  • Binance has delisted Waves’ WAVES token.
  • The crypto’s price dropped after the exchange’s announcement.
  • One price prediction expects it to reach $6.78 in 2025.

The WAVES cryptocurrency has experienced a dramatic decline, plummeting by 97% since its all-time high in March 2022. After showing signs of recovery in January 2023, the reversal was short-lived, with WAVES suffering a significant downturn in 2024, collapsing by over 60%.

The situation worsened on June 3, when Binance announced the delisting of WAVES, triggering another sharp decline. The current breakdown suggests that WAVES could fall below $1, potentially reaching a new all-time low.

The coin kept decreasing further during the following days, reaching $1.43 on June 7 after going under $1.40 the day before.

Waves did not respond to a request for comment.

But what is Waves (WAVES)? How does it work? Let’s find out, and we can also look at some of the Waves Price Predictions that were being made as of June 7, 2024.

Waves Price Prediction

Let’s examine some of the Waves price predictions made on June 7, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $3.14 $3.70 $10.68
Prediction #2 $2.52 $6.78 $6.31
Prediction #3 $3.40 $5.22 $31.76

First, CoinCodex  had a short-term Waves price prediction that saw the token go to $1.46 by June 14 before rising to $1.47 by July 6. The site’s technical analysis was bearish, with six indicators sending bullish signals and 28 making a discouraging one.

Waves Price Prediction for 2024

DigitalCoinPrice  said Waves would reach $3.14 this year while CoinDataFlow  expects it to be at $2.52, and PricePrediction.net  said WAVES would close the year at $3.40. 

Waves Price Prediction for 2025

PricePrediction.net said Waves would reach $5.22 in 2025 and CoinDataFlow sees it at $6.78. DigitalCoinPrice said WAVES would trade at $3.70 next year.

Waves Price Prediction for 2030

Moving on to a more long-term Waves price prediction, CoinDataFlow said the token would be worth $6.31 in 2030 and PricePrediction.net expects it to be $31.76. DigitalCoinPrice made a WAVES price prediction of $10.68 at the start of the next decade.

Google Gemini AI Price Prediction for Waves (as of June 7)

Google’s Gemini platform gave the following price prediction for Waves on June 7. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next three months)

  • Expected Price: $2.40
  • Factors to Consider:
    • Overall market trends: The general sentiment of the cryptocurrency market can significantly impact individual currencies like Waves.
    • Waves development and adoption: News or developments surrounding the Waves platform and its technology could influence its price.
    • Regulations: Regulatory changes from governments around the world can impact the entire cryptocurrency market, including Waves.

Medium Term (Next six months)

  • Expected Price: $3.14
  • Factors to Consider:
    • Overall cryptocurrency market trends.
    • Adoption and development of the Waves platform.
    • News and announcements related to Waves.
    • Regulatory landscape for cryptocurrency.

Long Term (Next five years)

  • Expected Price: $35.79
  • Factors to Consider:
    • The success of the Waves platform and its tokenomics will significantly influence its price.
    • Regulations and adoption by mainstream finance could also play a role.
    • Broader market trends, especially those related to Bitcoin, will likely impact Waves’ price.

Waves Price History

Let’s now look at some of the highlights and lowlights of the Waves price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a Waves price prediction.

Waves price history
Waves price in 2023 and 2024. | Credit: CoinMarketCap

When Waves first came onto the open market on June 3, 2016, it was worth $1.28. It then moved up and reached its first all-time high in September 2017, hitting $15.63. The coin returned to around $1 and stayed there for the following three years, before jumping in early 2021.

As 2021 started, in fact, WAVES jumped to $32.46 in May that year and, after a slight retracement that lasted for the rest of the year, the coin hit a new record high of $52.17 in April 2022. Then, WAVES closed that year at around $1.57 and kept that level for almost the entire year. Nothing particular changed in 2024, apart from the drop on June 3 following the Binance delisting announcement, which caused a 30% dip for the coin, that reached $1.68 on June 4, 2024.

WAVES kept decreasing during the subsequent days, reaching $1.43 on June 7.

At that time, there were 114.8 million WAVES in circulation, representing the total supply. This gave Waves a market cap of about $163.6 million, making it the 335th largest crypto by that measurement.

Waves Historical Price Data

Period Waves Price
Today (June 7, 2024) $1.68
Last Week (May 31, 2024) $2.34
Last Month (May 7, 2024) $2.33
Three Months Ago (March 7, 2024) $3.28
Last Year (June 7, 2023) $1.57
Launch Price (June 3, 2016) $0.2975
All-Time High (April 2, 2022) $52.17
All-Time Low (August 5, 2016) $0.1566

Waves Price Analysis

Waves Price Analysis
Although Waves is going down, there are still signs of hope – for now | Credit: Nikola Lazic/TradingView

The price of WAVES reached a low $1.20 on January 2023, coming down from its all-time high of $64 in April 2022. It recovered to $3.30 in February 2023 but started another downtrend, but a new uptrend started in October last year.

On March 13, 2024, WAVES peaked at nearly $5, increasing by 256%. This was a short-lived spike, as a sharp downturn reached $2.20 on April 13, 2024.

WAVES traded sideways between $2.20 and $2.60 until May 21, when it started a new downtrend further propelled by the Binance delisting. It fell by around 50%, reaching a low of $1.40 today, June 7.

Even though the price is still going down, there are some potential signs of a reversal. Firstly, the price started a five-wave downtrend in March and is now in its last wave. Secondly, it fell to its lowest horizontal support level, its bear market bottom. Thirdly, the daily chart Relative Strength Index is 18%, indicating extreme oversold conditions.

If we see a bounce from the horizontal support, WAVES could recover to $2.20 and even proceed further into an uptrend. But if it can’t really break past $2.20, WAVES could face more downside, falling below $1.20.

Is Waves a Good Investment?

It is hard to say. The coin has been around for eight years now, and its price has notably decreased since its late 2022 all-time high. It’s notably down from its ATH and there are no major bullish signs on the horizon.

Also, Binance’s announcement about an imminent delisting of the crypto from its exchange not only caused a huge drop for the price but may also mean that further dips may come.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Waves.

Will Waves go up or down?

No one can really tell right now. While the Waves crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Waves?

Before you decide whether or not to invest in Waves, you will have to do your own research, not only on WAVES, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Waves?

The Waves blockchain was founded by entrepreneur Sasha Ivanov  in 2016. That’s when Ivanov established Waves Platform AG, a for profit company headquartered in Moscow whose purpose was to drive and fund the creation of a new blockchain network.

Who Owns the Most Waves (WAVES) Tokens?

On June 7, 2024, one wallet held 9.31% of HBAR’ supply.

Richest WAVES Wallet Addresses

As of June 7, 2024, the five wallets with the most Hedera tokens were

  • 3PQLCT68cGMgodHuuXu3qftDx8M8s8mgMyx. This wallet held 9,312,370 WAVES, or 9.31% of the supply.
  • 3P6xXWEhmhAKEzoaG3oMgB8LAgn5vfvcZwi. This wallet held 6,808,649 WAVES, or 6.81% of the supply.
  • 3P31zvGdh6ai6JK6zZ18TjYzJsa1B83YPoj. This wallet held 4,679,971 WAVES, or 4.68% of the supply.
  • 3P3Dwc7aAeG8VgpZBNKsAAaXHqrq3dR4ffn. This wallet held 3,887,343 WAVES, or 3.89% of the supply.
  • 3P8thVjKoztq9sLdC2zgiVDZexiLSYkpM7P. This wallet held 3,575,158 WAVES, or 3.58% of the supply.

Fact Box

Supply and distribution Figures
Total supply 114,794,830
Circulating supply (as of June 7, 2024) 114,794,830 (100% of total supply)
Holder distribution Top 10 holders owned 40% of supply, as of June 7, 2024

From the Whitepaper

In its technical documentation, or whitepaper , Waves says it “is a community-based stack of open-source, decentralized technology.

“Waves (WAVES) aims to enable a collection of decentralized open-source technologies so that developers may create scalable, usable apps. With Waves, an extensive blockchain ecosystem will be developed that offers several capabilities required for corporate adoption.”

Waves (WAVES) Explained

Waves  is a blockchain platform designed to support a wide range of applications, including decentralized applications (DApps) and smart contracts.

Launched in June 2016 after one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves said it “aimed to enhance the capabilities of the first blockchain platforms by offering improved speed, utility, and user-friendliness. Since its inception, the platform has continually evolved, incorporating new features and spin-offs to expand upon its original design and functionality.”

How Waves Works

Waves’ native token, WAVES, has an uncapped supply and is primarily used for standard payments, including block rewards.

Waves Attention Tracker

Waves Google search volume
Waves Google search volume for the last 90 days. | Credit: Google
Here is a chart for Waves’ Google search volume for the past 90 days. This represents how many times the terms “Waves WAVES” has been Googled over the previous 90 days.


How many Waves are there?

As of June 7, 2024, there were 114.8 million WAVES in circulation, representing the total supply.

Will WAVES reach $10?

It might, but not soon. DigitalCoinPrice expects it to reach a double-figure level in 2030 while PricePrediction.net sees WAVES at that level in 2027.

What is WAVES used for?

Waves is used to make the process for developers to build their own decentralized applications (DApps) simpler by offering a user-friendly platform that operates on the Proof of Stake consensus algorithm.

It provides tools and features to streamline development, making it easier for users to create custom tokens for crowdfunding and other purposes. With a focus on usability and speed, Waves aims to offer faster and cheaper transaction processing than networks like Ethereum.


Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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