Wave is a native cryptocurrency of the wave blockchain platform. Wave coin can therefore be transferred from one smart contract address to another where the receiver receives the transaction after it has been verified by different nodes running the wave platform. Because of this,wave coin is being considered to be a decentralized asset. Wave coin normally performs the utility function on the wave platform. Developers of different Dapps created on the waveplatform uses the wave coin to pay for transaction cost for running the Dapps on the waveplatform. Those developers can create and issue the token of their Dapps on the wave platform using the wave coin. With the wave coin,in order for the users of those Dapps to transfer their tokens from one smart contract address to another,they will need to pay a gas fee using the wave coin so that the transaction can be initiated by the nodes running the wave platform on the wave network.Since there is wave DEX and the wave coin is also a proof of stake coin,it therefore follows that users upon purchasing their wave coin in several exchanges,they will come to the wave DEX to lock them over there so that they can be used to secure the wave platform as well as to verify transaction taking place on the wave platform. Wave coin has a maximum supply of 100 million coins. In  2016,wave conducted its ICO where 1 wave coin was going for $0.19. Towards the end of 2016, 1 wave coin had risen very slightly to $0.2 . When 2017 was starting,1 wave was going for $0.24. Towards the end of 2017, the price of 1 wave coin went as high as $16 thus profiting those investors who had taken part in its ICO in 2016 and were holding their wave coin by that time. Towards the beginning of 2018,the price started trading at around $12. As 2018 was winding up,the price dropped further to $2. As 2019 was starting 1 wave coin started trading at $3. Currently, 1 wave coin is trading at around $0.712. Between year 2016 to 2017, most blockchains had not yet started initiating the development of Dapps in their network. The price movement of wave at that time can not be as a result of Dapps created on its network. Instead, it might be as a result of other factors such as liquidity and wave DEX usage as well as mass adoption of the coin. Between 2018 to 2019,that is when the Dapps industry started booming thus the price movement can be as a result of this. Dapps affects the price movement of wave coins as follows;

 
Dapps built on wave platform
 
Between 2016 to 2017,most blockchains had not implemented the Dapps creation on their network. During that time,wave coin has been performing well in the market such that it managed to rise from $0.19 to $0.24. This increase in price has been due to increase in its mass adoption. Between 2018 to 2019,the price has been seen rising tremendously all the way to $3 after it had managed to rise as high as $16 towards the end of 2017.. Currently, one wave coin is trading at around $0.712. Between 2018 to 2019,the rise in price has been due to increase in the number of Dapps being created on its network. In the near future,if Dapps continue to increase on the wave platform then its price will also increase while if developers shift their Dapps to other network,then its price will decline. Here are some of the Dapps created on the wave platform that are causing the price movement of the wave coin
 
a.Arker
 
This is a gaming Dapp based on the wave platform that rewards users with non-fungible token when they defeat their opponent. The non-fungible token can easily be converted to wave coin. If more gamers start playing this game,then the wave coin utility function will increase thus causing its price to increase while if the gamers start leaving the arker game for other game on other network because the reward for the game will have decline,then the wave coin utility function will decline thus causing its price to also decline
 
b.waveslend
 
This is an online lending platform based on waveplatform. Its has not yet being launched. When fully launched,i think wave coin utility function will increase when more users start using wave coin as their collateral to borrow loan.This will make the price of wave coin to also increase.On the other hand,when it has been launched then the already established users start leaving the platform because of high interest rate,then the wave coin utility function will also decline thus causing its price to also decline.
 
c. wave Dex
 
This is the decentralized exchange for wave platform. The exchange is being operated by several nodes. The users of the exchange are the one determining the price of wave coin.As more users will continue to increase in number in the near future to exchange the tokens of their Dapps to wave coin,the utility function of wave coin will increase since it will also be used to pay for fees to execute trade while if the existing users leave the exchange for other exchange,then the utility function of the wave coin will also decline thus resulting to a decrease in its price
 
 
Dapps built on wave platform can further be explained on the bullish and bearish condtion market for wave as follows;
 
 
1. Bullish market condition for wave coin based on Dapps built on its network
 
Between 2016 to 2019,the price of wave coin has been seen to have tremendously increased overtime from $0.19 to $16 and back to $3. Currently, one wave coin is trading at around $0.712. The tremendously increase in price has been due to an increase in the number of Dapps over the wave platform thus increasing the utility function of the wave coin. These Dapps are always joining the wave platform because of the wave DEX where they can easily convert their earning back to wave coin and again to bitcoin or ethereum. In the near future,if more developers will continue to join the wave platform,then the utility function of the wave coin will also increase thus causing the wave coin to also increase in price. In one year time from now, the price of wave coin can go as high as over $1 if more developers will join to develop on the wave platform.The future price analysis of wave coin is being indicated as from the candlesticks chart below;
 
 
 
From the price analysis of the wave coin above,there are two points,point A and point B. Before point A, the price of wave coin can be seen to have gone as high as $0.712. This increase in price has been due to an increase in the number of developers joining the wave coin to develop over there because of low cost charged on the network thus the monetization of their Dapps is not affected. The users of those Dapps then dump their earned wave coin in several exchanges including the wave DEX thus causing the price of wave coin to drop downwards to point A at $0.702. More developers who have joined to develop on the wave platform then purchase the wave coin in the Wave DEX thus causing its demand to increase.Because of this,the price rises again to point B. In the near future,if more developers will continue to join the wave platform to develop over there,then the utility function of the wave coin will also increase thus causing its price to increase much further. As an investor,this is the right time to purchase wave coin because there is possibility of increase in its mass adoption in the near future due to the availability of its DEX exchange
 
 
2. Bearish market condition for wave coin based on Dapps built on its network
 
Between 2016 to 2019,the price of wave coin has been seen to have tremendously increased overtime from $0.19 to $16 and back to $3. Currently, one wave coin is trading at around $0.712. The tremendously increase in price has been due to an increase in the number of Dapps over the wave platform thus increasing the utility function of the wave coin. These Dapps are always joining the wave platform because of the wave DEX where they can easily convert their earning back to wave coin and again to bitcoin or ethereum. In the near future,if existing developers will start leaving the wave platform due to increase in its transaction cost thus declining their revenue and start joining other platforms to develop there,then the utility function of the wave coin will also decrease thus causing the wave coin to also decline in price. In one year time from now, the price of wave coin can go as low as below $0.5 if more developers will  continue to leave the wave platform due to further increase in transaction cost over there .The future price analysis of wave coin is being indicated as from the candlesticks chart below;
 
 
From the price analysis of the wave coin above,there are two points,point A and point B. Before point A, the price of wave coin can be seen to have gone as low as $0.702. This decrease in price has been due to a decrease in the number of developers due to an increase in the transaction cost which decrease the monetization of their Dapps.The developers then join other blockchain whose transaction is lower as compared to wave platform so that they can increase the monetization of their Dapps.Some existing developers on the wave platform purchase the wave coin in some exchanges available thus creating a demand for the coin.Because of that,the price slightly rises a little bit to point A at $0.712. The wave platform further increase the transaction cost on its network thus forcing more developers to exit the platform and look for other cheaper blockchain entwork thus causing the utility function of wave coin to decline again to point B. In the near future,if more developers will continue to exit the wave platform for other cheap platform so that the monetization of their Dapp is not affected,then  wave coin will coninue to decline further. In one year time,the price can go as low as $0.5 if this is bound to happen . As an investor, if you feel this can happen, then this is the right time to sell your wave holding and purchase it after one year again when everything has been solved 
 
 
Summary
Wave coin is a native coin of wave blockchain and can be transferred from one smart contract address to another. In 2016 when the ICO was held,one wave was going for $0.19. In one year time,one wave managed to go as high as $16 but later dropped to $3. Currently,wave coin is trading at above $0.7. When wave coin is increasing in price,it can be considered to be in a bullish market condition while when it is decreasing in price,it can be considered to be in a bearish market condition. When developers are increasing in number to develop on the wave platform,the utility function of wave coin will increase thus causing its price to increasing while when developers are decreasing in number due to increase in transaction cost and scalability issues,then its utility function will also decrease thus causing its price to also decrease.

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