The volatility in the crypto market during the first quarter has been very high. We saw some positive upswings in March, but markets remained extremely risk-averse. One token has seen incredible gains despite this. Waves (WAVES) has been the star of March, and here is why.

• The coin has gained over 240% in the last 30 days or so.

• Waves also has outperformed the whole crypto market by a large margin.

• The coin is now ranked among the top 50 biggest crypto assets.

Data Source: Tradingview

Waves (WAVES) – Where will it go next?

There have been many factors that have driven Waves in the recent weeks. The increased TVL or total value locked in certain ecosystem projects is a major factor. For example, The Neutrino Protocol, an innovative DeFi tool kit built on the Waves network has seen its TVL rise by nearly 350% in the last month alone.

Waves also announced Waves 2.0 would be launched, a more efficient and effective network. The announcement was made on February 11, and while the coin has had volatility since then, its overall trend has been upward.

Waves plans to add EVM compatibility with Waves2.0, which will allow cross-chain interoperability. This decent increase in coin value is expected to continue. It could rise significantly above $3.3 billion in market capital.

Is it time to buy Waves (WAVES)

Waves has done a great job to increase the appeal of its ecosystem for developers. It also allows many innovative DeFi products and services to be added to its protocol. It is possible that we will see a bright future and that there will be a lot of long-term value. It would be a smart move to invest in the coin.