Altcoins Cryptocurrency

Waves Ends Funding Round, Bitcoin Cash Continues To Grow

bitcoin cash bch

While Bitcoin, Ethereum and Ripple no longer benefit strongly from yesterday’s upwind, two Altcoins in particular continue to attract: Waves and Bitcoin Cash. The former ended a funding round on 19 December.

The crypto market is calmer again on December 20th. Bitcoin was able to record a slight plus in the last 24 hours and currently stands at 3,900 US dollars. However, the ripple price and the XRP token can no longer profit as much from yesterday’s upswing. In the last 24 hours, the ripple price rose by almost 2.5 percent to 0.37 US dollars per XRP. Ethereum has also risen slightly in the last 24 hours. The Ethereum exchange rate (Ether) is currently at 105 US dollars with a soft three percent plus.

Waves collects 120 million US dollars

In a blog post on 19 December, the Waves team announced that it had expanded. By adding the Vostok project, the company was able to raise an additional $120 million.

The new Vostok platform will give the Waves project a scalable digital infrastructure. This consists of the private Vostok Blockchain and the “Vostock System Operator”. At the start of the project, all Waves Holders will also benefit from an Airdrop that distributes Vostok System tokens.

According to the announcement, the Vostok System Operator will provide a digital infrastructure focused on the registration and tracking of data.

This – combined with the $120 million – immediately impacted the Waves exchange rate. This rate has risen by 16 percent in the last 24 hours and currently stands at 4.19 US dollars.

Bitcoin Cash rises to 4th place

Meanwhile, BCH manages without any big fundings or small announcements on Medium. Even the winner of the last Hash Wars was able to win a lot in the last 24 hours. Currently, the BCH rate is 147 US dollars, which puts it in 4th place among the crypto currencies. The disgusted step sibling “Satoshi’s Vision” meanwhile counts his days on place 9, but could also make up a good nine percent in the last 24 hours.

About the author

Beryl Jones

Beryl is a journalism graduate with keen interest in technology. Beryl has been attracted to Bitcoin and other digital currencies from 2009 while she was still pursuing her graduation. She loves writing articles and covering news on cryptography, digital currencies and related subjects.