Why Did Waves (WAVES) Price Drop? - 05.06.2024

Waves is a project launched in June 2016 that aims to create convenient, easy and fast blockchain platforms. It is considered one of the oldest initial token offering (ICO) projects in the cryptocurrency industry.

The WAVES Token is used to pay transaction fees, create private tokens and staking. The advantages of the Waves platform are that it is user-friendly, designed to be highly usable even for non-technical users, enables fast and cheap transactions, and offers many possibilities such as creating private tokens, using smart contracts and integrating various DeFi applications.

Waves, which fell 2.4% in the last 24 hours and at the time of writing, was among the day's decliners. Waves, one of the oldest projects in the cryptocurrency markets, has lagged far behind the agenda in recent years. With the announcement that one of the world's largest global exchanges will delist, it has fallen 40% in the last 2 days and continues to decline. This delist movement may have affected the price of Waves.