Wave is a native coin of the wave network that can be transferred from one smart contract address to another without involvement of a third party. The validators running the network are the one to verify the transaction so that it can be received by the receiver's address. Because of this,it is considered to be a decentralized asset. As a native coin of the wave platform, wave coin can be used to pay for the gas fees for transferring the wave coin from one peer to another as well as to pay the gas fees for transferring the other tokens on the wave platform from one smart contract address to another. Traders on the wave DEX can also use the coin to pay for the trading fees so that their order can be executed.Developers can use the coin to create and issue the tokens of their Dapps on the wave platform. Since wave coin is a proof of stake coin,different users can lease their coin to be used to secure the wave network as well as to validate any transaction taking place on the wave platform thus in return they receive reward. In 2016 when wave conducted its ICO,one wave coin was going for $0.19. One year later,the price managed to go as high as $16. The investors who took in the ICO and were holding wave coin by that time were able to benefit a lot. Currently,one wave coin is trading at a range of between $0.55 to $0.7. The increase in price overtime has been due to an increasing in its staking program thus making it to become inefficiency in its platform thus creating its demand.The way the proof of stake consensus affects the price movement of wave coin is further explained from below;
 
 
Proof of stake consensus
 
In a proof of stake consensus, the staking pools are the one running the network. Stakers can lease the wave coin to any staking pool so that they use those coins to secure the network and to validate any transaction taking place on the wave platform thus in return they receive reward which they distribute to the stakers based on the amount leased.When many stakers take part in leasing their coin to several staking pool,then the wave coin will become inefficiency to its blockchain thus creating a demand for it thus causing its price to increase.On the other hand,if few stakers take part in leasing their coin to several pools,then the wave coin will become surplus in its network thus causing its price to decline. Here are some of the wave staking pool that are affecting the price movement of wave coin;
 
a. cryptin wavesnode
 
b.wavesfullnode
 
c.Junkynode.com
 
 
e.Bearwaves node
 
f.wavesGo node
 
g.carbonInvest
 
The price movement of wave coin is being affected by some of the above staking pool  in such a way that when the address of these staking pools are holding more coins,then the wave coin will become inefficiency in its network thus many will start to demand for it thus causing its price to increase while when the pool are holding less coin in their address then the wave coin will be in surplus in its network thus causing its price to decline. The future price of the wave coin using the proof of stake consensus is further explained for its bullish and bearish market condition as follows;
 
1.Wave bullish condition based on the consensus used
Wave coin uses the proof of stake consensus. In the proof of stake consensus,stakers lease their coin to several staking pools so that those coins can be used to secure the network as well as to validate any transaction taking place on the network thus in return they receive reward. The same applies to wave coin where many stakers are taking part in leasing their wave coin to several staking pool so that they can be used to secure the wave network as well as to validate any transaction taking place on the wave network.Because of this,the wave coin will become inefficiency in its network thus causing its demand to increase.This increase in its demand will result to an increase in its price. In the near future,there is high possibility of developers to join the wave platform. If this happens,then the monetization on the staking pool will increase .Because of this,many will enter into the staking program by leasing their wave coin to several staking pool.This will cause the wave price to increase much further since its demand will have increased also. This increase in price of wave coin due to increase in its staking 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,the price of wave coin can be seen to have been increasing and managed to go all the way to 0.633. The increase in the price of wave has been due to an increase in the leasing of wave coin by several stakers to several staking pool. Because of this,the wave coin becomes inefficiency in its blockchain . After a given period of time,the staking period expires thus causing some stakers to unlock their staked wave coin together with their reward and dump them in several exchanges thus causing its price to move downwards a little bit to point A at 0.563. More stakers enter the staking industry by leasing their coin again to several staking pool thus causing the wave coin to become inefficiency again in its network. Because of this,its demand increases again thus causing its price to further increases to point B.In the near future,if more stakers will continue to lease their wave coin to several exchanges,then there is possibility of the wave coin to move beyond point B.In one year time,the price can go as high as $1. As an investor,this is the right time to purchase wave coin because there is high possibility of more stakers to enter the staking program of wave coin .
 
 
2.Wave bearish condition based on the consensus used
Wave coin uses the proof of stake consensus. In the proof of stake consensus,stakers lease their coin to several staking pools so that those coins can be used to secure the network as well as to validate any transaction taking place on the network thus in return they receive reward. The same applies to wave coin where many stakers are taking part in leasing their wave coin to several staking pool so that they can be used to secure the wave network as well as to validate any transaction taking place on the wave network.Because of this,the wave coin will become inefficiency in its network thus causing its demand to increase.This increase in its demand will result to an increase in its price. In the near future,if the developers will start leaving the wave platform for other platform to develop over there due to an increase in the transaction cost,then the staking reward will decline because the revenue from transaction cost will also decline.Because of this, the stakers will also start unlocking their staked wave coin together with their earned reward thus starting to dump them in several exchanges.This will make the wave coin to become surplus in its network thus causing its price to also decline. This is 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 been decreasing all the way to $0.563. This decrease in price has been as a result of an increase in the transaction cost on the wave network thus causing many developers to exit the wave platform and look for better alternative network with lower transaction fee that do not affect the revenue of their Dapps.Some new stakers enter the staking program by purchasing the wave coin in several exchanges and lease them in the staking pool thus causing the price to slightly rise to point A at a price of 0.633.More developers continue to exit the wave platform because the wave platform is further increasing its transaction fees thus causing the revenue of those Dapps to further decline.  Because of this,the staking reward also decline thus causing many stakers who had initially lease their coin to several staking pool to unlock them together with their reward and start dumping them in several exchanges .Because of this,the wave coin becomes in surplus in its network thus causing its price to decline further to point B because of lack of buyers.In the near future,if the transaction cost will be increased further,then more developers will further exit the platform for other platform thus causing stakers to also further continue exiting the wave staking program due to a further decline in reward thus the price will further decline to below point B.In one year time,if this will happen then the price can go as low as $0.5
 
Summary
 
Wave coin uses a proof of stake consensus where the stakers lease their coin to several staking pool to use them to secure the network and to validate the transaction taking place on the wave platform. On its ICO,one wave was going for $0.19 . In one year time,the price went as high as $16 but later dropped. Currently,wave coin is trading at a range of between $0.55 to $0.7. Therefore,in the wave staking consensus,we can say that an increase in the wave staking will result to an increase in its price while a decrease in the wave staking will result to a decrease in its price
 
 
 

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