16.3 C
June 27, 2019
Image default
price analysis waves

Alt-Season Is Go? Waves, Stratis and MonaCoin Hit 50-70% Growth in One Day

While the Bitcoin price climbed to within flirting distance of $4,000 on Wednesday, it was the altcoin market which experienced the bulk of the gains.

Waves (WAVES), Stratis (STRAT) and MonaCoin (MONA) all hit between 52% and 72% growth during the twenty-four hour period leading into Wednesday. Like many major and minor alts, coin growth was beyond the rate of the broader crypto market, which grew 24% in the same period.

Waves Price – WAVES/USD

From the twenty-four hour low of $2.99, the WAVES coin valuation climbed 52% in value, up to a dollar price of $4.57. This compounds weekly growth of 145%, and a ridiculous 396% growth since Waves hit an eighteen-month low back in late November.

To give an idea of the turnaround, trade volumes jumped 5,580% from November into December, with $142 million worth of Waves changing hands today alone. That’s up from just $2.5 million a few weeks ago, and is the highest daily volume seen by Waves since the month-long altcoin pump of last April.

Waves has been on the hype train for the last few weeks, releasing an all-in-one mobile wallet app, and building anticipation for the much talked about Vostock ICO – which got underway recently.

Waves holders stand to share in 3% of the Vostock coins via airdrop, and many investors may be trying to maximize their Vostock holdings by accumulating Waves.

Stratis Price – STRAT/USD

STRAT coins outperformed even Waves in the last twenty-four hours, gaining over 63% on its value since last night’s low of $0.753439. By Wednesday afternoon the dollar value of STRAT had climbed to $1.23 – a new monthly high, and one which clears losses taken by Stratis in November.

Trade volumes are up 2,602% in the last few days, rising from $700,000 up to the $20 million recorded on Wednesday. BTC and KRW trades took up over 90% of the total volume, with Binance’s STRAT/BTC market taking up more than 50% alone.

MonaCoin Price – MONA/USD

The little known alt, MonaCoin, has been around since 2013. On Wednesday the coin stuck its head into the market cap top hundred with a 72% growth surge. That took the MONA dollar price from $0.505580 up to $0.874494 – all within less than a day.

Trade volumes were up 700% for the day as MONA changed hands predominantly with Japanese yen (JPY). In fact, in a rare occurence of Japan-centric trading, over 92% of daily trades came from the MONA/JPY pair on the Bitbank exchange.

Overall volumes are up 8,321% since Monday, but the $16 million worth of MONA traded on Wednesday is still some way off the all-time high up in the $140 million range.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.


ergfir nolikz January 10, 2019 at 7:24 pm

I like this web blog its a master peace ! Glad I detected this on google .

ergfirnolikz January 10, 2019 at 8:08 pm

Hiya, I am really glad I have found this info. Today bloggers publish only about gossips and web and this is really irritating. A good blog with interesting content, that’s what I need. Thank you for keeping this website, I will be visiting it. Do you do newsletters? Can not find it.


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More