As long as its being shorted it will not go up, but the call has been made.
Waves is being shorted and should be at $8 in normal conditions.
How does shorting Waves cause its value to crash? Its value is going down because more people are selling Waves than buying it. Without any truly positive news, as the price sinks further, more people will sell, creating a spiral of lower and lower prices until Waves finally crashes to its well-deserved death.
Sasha will walk away richer than a pop star - having made a success of NOTHING! - whilst everyone else will be abandoned, left burning to death in the wreckage.
This is a complex venture but what is really going on?
-Waves has many competitors: WEST, Tokenomica, Nasdaq and global indexes who can clone this tech, Stellar, and some other similar coins like Nexus
-The entire project seems forced to become centralized with the new dex migration but the positive thing is that this new dex may be more appealing to commerce, we simply don't know yet but the price to pay is KYC in 6 months
-Waves team is probably correct to focus on programmers and their smart contract language because the commerce appeal is diminishing because it is apparent that no fortune 500 will break out of regulatory environment and join waves. These huge companies will wait for Nasdaq dollars so Waves can not capture that big market at all and must rely on emerging startups like crowdfunding combined with stock index. The problem with emerging business is that those who must rely on crowdfunding are more likely to be tier2 talents. So waves must try to avoid becoming the ebay of crypto and better the nasdaq decentralized option (so far is not doing anything to prevent this as it is moving towards centralization while keeping token issuance fee too low for spammers).
-Inflation of supply must of course be backed by real revenue and not simply air like it is now, the only good thing is 5% inflation is not so much but still 400 000 new waves printed every month. The only realistic way to become revenue generating is by 80 cent trading fee and perhaps they are preparing this in the new dex
I will not repeat everything that I have already analyzed but if things go well the market cap may find $250 billion in 5 years. Anything between 0.15-80 in this market is probably fair value but slightest good news such as merchant partnership or fortune 500 onramping will make this coin explode immediately. The range may seem big and it is a complex project but certainly not impossible to analyze.
The reason I think it is shorted is because it did not react to WEST token burn and this is very strange behaviour unless it is being suppressed by shorter. West and Waves are twins and big developments in each project such as 60% supply burn can and should affect the other market only from speculative trading if nothing more.
Let's take one more example. This year many tokens on waves platform did 500% rallies, and yet waves, the main coin itself (and in similar market cap like VST and TDX), cannot move even 10% up?? It is not normal behaviour.
TDX rally is a joke it is now 50% of waves market cap and only because of exchange staking. Exchange staking is nothing new and it was even on lowest tier exchanges like coinsmarkets which was created by exit scammer. So this only tells me that the investors who speculate on waves dex are clueless and I think they are mostly bored with waves and it is out of fashion for the moment. Waves doesn't need any fundamentals to move x100 it is apparent if TDX can rally 20 times money from introducing exchange staking which is a joke really.
at x100 market cap waves is parallell with stellar and those two coins are very similar except one is western market and other is eastern oriental. The discrepancy does not warrant a one hundred factorization difference and waves is much more intuitive to use and less clunky with alot more overview of technical details through pywaves.
First stop for waves is back in top 20, and that is 500 million to 1 billion market cap.
