This “Russian Ethereum” Soared 56% Last Week Even As Bitcoin And Other Major Coins Struggle – Ethereum – US Dollar ($ETH)


The token associated with Waves (WAVES), a project that allows users to launch custom tokens, soared nearly 57% last week even as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) fell.

Top gainers for the week ending March 6 (data via CoinMarketCap)
Cryptocurrency Variation in % over 7 days (+/-) Maximum Value of All Time/Date Reached % change (+/-) from all-time high
Waves (WAVES) +56.8% $41.33 May 4, 2021 -55.1%
THOR chain (RUNE) +30.2% $21.26 in May. 19, 2021 -78.3%
Chiliz (CHZ) +18.8% $0.8915 March 13, 2021 -77.4%
NEAR Protocol (CLOSE) +14.6% $20.42 January 16, 2022 -51%
Celo (CELO) +11.6% $10.66 on August 30, 2021 -75%
Anchor protocol (ANC) +11.4% $8.31 March 19, 2021 -50.4%

See also: How to buy waves (WAVES)?

Why Waves Rose? On Friday, Puzzle Swap, an automated market maker based on mega pools, announced a mega pool for “true Waves fans”.

The launch of a blockchain-agnostic Metaverse, the establishment of a new partnership with Token Bridge Allbridge, and the project’s migration to version 2.0 all played a significant role in Waves’ ascent over the past week.

Waves was also added by Binance as a collateral asset for Binance, the largest cash exchange by volume last week.

Amid the ongoing Russian-Ukrainian crisis, the project’s founder Sasha Ivanov reminded his Twitter followers that he was from Zaporozhye, Ukraine.

Some Twitter users called Waves “Russian Ethereum” and noted its appreciation during the crisis.

Read more : As If ‘Kimchi Premium’ Weren’t Enough, Russia’s SWIFT Cancellation Leads to Mind-Blowing ‘Premium Vodka’ for Bitcoin

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