Waves and Cardano dominate the green week of the crypto market
The crypto market seems to be recovering, and last week managed to close in the green with Waves and Cardano increasing their price by 50 % and 20 % respectively
The Waves and Cardano cryptocurrencies traced their value last week and registered an increase of 50 % and 20 % respectively, giving signs of recovery to the crypto market that closed the period with figures in the green after a long period reporting balances in the red.
For the first time in two months, cryptos increased in value, albeit by a modest 1.53 %. According to the top altcoins of CriptoNoticias, the cryptocurrency that occupies the first place is Waves, which registered “a rise of up to 50 %, which managed to recover the parity of its algorithmic stablecoin with better luck than Terra’s UST”.
The second virtual currency to report an increase was Cardano (ADA) which rose almost 20 % in the last 7 days, followed by NEO, which gained a boost of around 13 % in that period.
While Chiliz (CHZ), also rose 13 % and Chainlink (LINK) increased by 11 % “after an integration with Solana”, they complete the top five of the cryptocurrencies that increased in value.
On the other hand, the most important cryptocurrencies in the market, such as Ether (ETH) and Ripple’s XRP, rose slightly in price. However, Binace Coin (BNB), Solana (SOL), Dogecoin (DOGE) or Polkadot (DOT) did not have the same luck and closed in the red at the end of the week.
Expectations for network updates
The update of the network of any cryptocurrency produces expectations in the users and clients of the cryptographic system, and that was what “happened with Neutrino USD (USDN), stablecoin of the Waves ecosystem”.
“Waves rose 51.94% in 7 days to settle at USD 8.64” and although it has not yet recovered the price of its best moment, it is certainly a sign of recovery.
The next update will be for the Cardano network, “whose Vasil fork is getting closer and closer.” and the market is already reacting satisfactorily with an increase of 19.65% in the last week, but the expectations are much higher after the update of its network is activated.
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