Waves Rate Falls By 99.9% On Binance
The price of Waves cryptocurrency on the world's leading trading platform Binance has fallen by almost 100% to the level of ten Satoshi (0.0000001 BTC), Chepicap reports.
A sharp collapse in the value of the cryptocurrency occurred on Wednesday, April 17, and immediately after a few seconds, the price of Waves returned to its previous level. So far, no one can explain what caused such a fall. However, the decline in value occurred simultaneously with a jump in trading volume on the exchange, it grew by more than half a million dollars. On other crypto exchanges, the price of the Waves cryptocurrency remained stable.
The event caused a heated discussion among the users of social networks. Some of them may have significantly increased their income, which could turn into a profit of more than 5000%.
Community members joked on social networks that Waves felt for its bottom, and now it is possible to get tokens for free, and suggested that the option of the extremely low purchase orders could be considered as an excellent idea.
Comments about the incident from the representatives of Binance were not provided.
According to the CoinMarketCap analytical portal, for the last 24 hours, the price for Waves has not been subjected to sharp fluctuations and remains stable. On April 18, at 6:00 am (UTC), the Waves cryptocurrency ranked 29th, its value was $2.71 and the market capitalization was $271.2 million.
As previously reported, the new product of the company Waves will create oracles in blockchain.