wave is a native cryptocurrency of the wave platform created on the wave blockchain and whose transaction can take place from one smart contract address to another upon being verified by the nodes running the wave platform network. Because of this,wave coin is being considered as a decentralized asset. On the wave platform,different developers can be able to create their Dapps and use wave coin to pay for hosting them there. The Dapps owner can also create and issue the tokens of their Dapps on the wave platform using the wave coin. With the wave coin, one use it to pay for gas fee in order to transfer their wave balance from one smart contract address to another. Dapp users on the wave platform can also use the wave coin to pay for gas fee while transferring their earned token from one smart contract address to another. Since wave coin is a delegated proof of stake coin, different users who want to earn the staking reward can use their coin to vote the nodes who will use those coins to secure the wave network as well as to validate any transaction taking place on the wave network. In 2016,wave conducted its ICO where one wave coin was going for $0.19. One year and some months later,one wave coin had gone as high as $16 thus profiting those early investors who were holding the coin by that time. Currently,one wave coin is trading at a range of above $0.69 to $0.715. The increase in price overtime has been due to an increase in its adoption thus making its liquidity to increase.The liquidity of wave affecting its price movement is further being explained as follows;

Liquidity of wave coin

Wave coin is highly liquidity when it is highly decentralized and less liquidity when it is highly centralized.Being decentralized means that it is being listed in several exchanges thus no single party is controlling most of it thus its price being determined by those trading it in those exchanges.On the other hand,being centralized means most of it is based on its blockchain or on a single smart contract address thus becomes difficult to move its price upward. Since wave coin is highly liquidity,here are some of the exchanges that is making it to be highly liquidity thus stabilizing its price;

a. binance
Binance is a Malta based cryptocurrency exchange with a daily 24 hour volume of over $1 billion. In binance exchange,wave coin is listed in terms of bitcoin ,in terms of binance coin,in terms of Ethereum and in terms of USDT. Being abbreviated the pairs become Wave/BTC, Wave/USDT, Wave/BNB and Wave/ETH. In terms of BTC, wave has a daily trading volume of over 68 BTC while in terms of USDT, it has a daily trading volume of over $290,000. In terms of BNB, it has a daily trading volume of over 780 BNB while in terms of Ether, it has a daily trading volume of over 160 Ether. This shows that it is highly bought and sold at the binance exchange. If the same is happening to it in several exchanges where it is being listed,then it is making it to be highly liquidity thus stabilizing its price.Because of this,its price can slightly move upward or downward. Since the explanation is almost the same,we will not explain other exchanges where wave coin is listed but we will instead list them. Here are some of other exchanges where wave coin is being listed thus making its liquidity to be very high;

b. upbit

c. bittrex

d. kraken

e. exmo

f. hitbtc

g. bitmart

h. huobi global

i. coinex

j. okex

k. wave platform

The listed exchanges above affects the bullish and bearish market movement of the wave coin. The bullish and bearish market for wave coin based on its liquidity can further be explained as follows

1. Wave bullish market based on its liquidity

In bullish market condition,wave coin moves in an upward market direction. Wave coin has been performing well since it conducted its ICO in 2016. The price managed to go as high as $16 from its lower ICO price of $0.19. The price then falls down and is currently trading at a range of between $0.6 to $0.75. The increase in price has been due to an increase in the number of exchanges in the crypto space where they list the wave coin to their exchange platform thus causing it to become inefficiency in its blockchain thus causing its demand to increase. Because of this its price automatically had to go up.In the near future,if more exchanges will continue to enter the cryptocurrency space and list the wave coin in terms of other trading pairs,then its liquidity will increase further thus causing its price to slightly increase. The price analysis of the wave coin is being indicated as from the candlesticks chart below;

From the price analysis of wave coin above,there are two points,point A and point B. Before point A, wave coin can be seen to have gone as high as $0.706. The increase in the price of wave has been due to the increase in the number of exchanges entering the crypto space to list the wave coin in terms of other pairs in their platform thus easing the Dapp users on the wave platform. Because of this, its demand has increased thus causing the price to increase all the way to $0.706. Some Dapp users whose life has been eased by these exchanges then dump their earned wave coin to several exchanges thus causing the price to slightly drop downwards to point A at $0.667. More cryptocurrencies exchanges which have joined the cryptocurrency space then list the wave coin in their platform thus further increasing its liquidity.Because of this, a demand is being created thus causing the price to increase again to point B . In the near future,if more exchanges joining the cryptocurrency space will continue listing the wave coin to their platform,then its liquidity will continue to increase further thus causing its price to continue increasing further.In one year time from now, there is possibility of the price to go as high as $1 if more exchanges will continue to list the wave coin. This is the right time for investors to purchase the wave coin and hold it.

2. Wave bearish market based on its liquidity

In bearish market condition,wave coin moves in a downward market direction. Wave coin has been performing well since it conducted its ICO in 2016. The price managed to go as high as $16 from its lower ICO price of $0.19. The price then falls down and is currently trading at a range of between $0.6 to $0.75. The increase in price has been due to an increase in the number of exchanges in the crypto space where they list the wave coin to their exchange platform thus causing it to become inefficiency in its blockchain thus causing its demand to increase. Because of this its price automatically had to go up.In the near future, if the existing exchanges will start delisting the wave coin in their platform because Dapps will have started leaving the wave platform to go and develop in other blockchain due to high transaction fees charged by wave platform, then its liquidity will decrease.Because of that,wave coin will become in surplus in its blockchain thus causing its price to decrease. The price analysis of wave coin due to a decline in its liquidity is being indicated as from the candlesticks chart below;

From the future price analysis of wave coin above,there are two points,point A and point B. Before point A, wave coin can be seen to have gone as low as $0.667. This decrease in price has been due to a decrease in its liquidity due to its increase in its delisting by several exchanges .The delisting from several exchanges is due to many developers exiting to develop on the wave platform due to high transaction fees thus making wave coin daily trading volume to decrease in several exchanges. Few Dapps in the wave platform then purchase the wave coin in few available exchanges thus causing the price to slightly increase to point B at $0.706. More existing exchanges then continue to delist wave coin from their platform thus causing its price to decline further. In the near future,if the wave platform will continue to increase the transaction cost,then it will be like chasing developers away from their platform thus causing many exchanges to continue delisting the coin thus further decreasing the liquidity of wave coin. In one year time, if this is going to happen,then the price can go as low as $0.5

Summary

By being highly liquidity,then it means that wave coin is highly decentralized such that no one is in control of most percentage of it while by being less liquidity then it means wave coin is highly centralized thus most of it is being control by few individual. Therefore we can say that being highly liquidity stabilize the price of wave coin while being less liquidity makes the price to be highly volatile. Therefore,we can say that an increase in the liquidity of wave coin will result to an increase in its price while a decrease in the liquidity on the other hand will result to a decrease in its price.

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