{"id":414056,"date":"2022-03-09T22:30:00","date_gmt":"2022-03-09T19:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\/"},"modified":"2022-03-09T22:30:00","modified_gmt":"2022-03-09T19:30:00","slug":"neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\/","title":{"rendered":"# Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a253819bdf5d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a253819bdf5d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\/#%E2%80%9D_Neutrino_Vires_Finance_and_Waves_bag_100_gain_after_pivot_toward_interoperability_%E2%80%9C\" >&#8221; Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\/#Neutrino\" >Neutrino<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\/#Vires_Finance\" >Vires Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\/#Waves\" >Waves<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Neutrino_Vires_Finance_and_Waves_bag_100_gain_after_pivot_toward_interoperability_%E2%80%9C\"><\/span>&#8221; Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector.<\/p>\n<p>Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh momentum. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/4278c3a9-a09d-4d29-9243-d572e71a0f47.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on the top 3 Waves protocols. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a closer look at the top-performing assets in the Waves ecosystem that have managed to post positive gains despite negative macroeconomic factors that are pressuring cryptocurrencies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Neutrino\"><\/span>Neutrino<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u200bNeutrino is an algorithmic price-stable &#8220;assetization protocol&#8221; that creates stablecoins tied to real-world assets and cryptocurrencies. <\/p>\n<p>Neutrino USD (USDN) is the main stablecoin of the Waves ecosystem and it goes along with the Neutrino Token (NSBT), a recapitalization and governance token that also enables the creation of stablecoins.<\/p>\n<p>Data from Cointelegraph Markets Pro and CoinGecko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/neutrino-system-base-token\">shows<\/a> that since hitting a low of $7.07 on Jan. 22, the price of NSBT has rocketed 300% to hit a daily high of $30.33 on March 9. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/7ad97583-c25e-47ef-8319-412034edae85.png\"><figcaption style=\"text-align: center;\"><em>NSBT\/USD 3-hour chart. Source: CoinGecko<\/em><\/figcaption><\/figure>\n<p>While NSBT price was climbing, the TVL on the protocol also surged from $379.77 million on Feb. 22 to its current value of $1.15 billion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/neutrino\">according<\/a> to data from Defi Llama. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vires_Finance\"><\/span>Vires Finance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vires Finance (VIRES) is a decentralized, non-custodial liquidity protocol on the Waves blockchain that uses common pool-based mechanics to create equally distributed interest.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/vires-finance\">According<\/a> to data from CoinGecko, activity for VIRES began to pick up on Jan. 18 when its price hit a low of $19.30 and proceeded to surge 460% to hit an all-time of $108.44 on Jan. 24 and has since entered a consolidation period with its price currently trading near the $85 mark. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/4134929e-255e-46dc-801d-5595ce23ddfa.png\"><figcaption style=\"text-align: center;\"><em>VIRES\/USD 1-day chart. Source: CoinGecko<\/em><\/figcaption><\/figure>\n<p>The total value locked on the VIRES protocol has increased from a low of $115.84 million on Feb. 1 to an all-time high of $764.23 million on March 8, according to data from Defi Llama. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>3 reasons why Waves price gained 100%+ in the last week<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Waves\"><\/span>Waves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>WAVES token has been the main driver of growth for the Waves ecosystem over the past six weeks, thanks in large part to the ongoing migration to Waves 2.0. The new blockchain will support advanced interoperability features that connect Waves to the major blockchain networks in the cryptocurrency sector.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of WAVES has climbed 192% from a low of $8.37 on Feb. 24 to a daily high at $27.61 on March 9 as its 24-hour trading volume hit a record $2.13 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/2cb58341-10ec-4752-a5be-11ab9cd0c9ad.png\"><figcaption style=\"text-align: center;\"><em>WAVES\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>With the recent wave of economic sanctions pummeling Russia&#8217;s economy and the removal of easy payment rails, it&#8217;s possible that some people have turned to WAVES as one option for financial transactions and wealth preservation. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for WAVES on March 5, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/efdaa767-f860-4e28-8bbb-a2845c0d3688.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. WAVES price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for WAVES climbed into the green zone on March 5 and hit a high of 77 around four hours before the price began to increase 46% over the next three days.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/neutrino-vires-finance-and-waves-bag-100-gain-after-pivot-toward-interoperability\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability &#8220; Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":414057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYzFjYWFmNzEtNDlmMS00ODRkLTk1YjAtOWM1YWJmYWQzZWJlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74894,74877,99002,74868,75150,105688,75493,76583,73785],"class_list":["post-414056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-blockchain","tag-decentralized-exchange","tag-decentralized-marketplace","tag-defi","tag-market-update","tag-markets-pro","tag-stablecoin","tag-waves","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/414056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=414056"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/414056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/414057"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=414056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=414056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=414056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}