Why is Waves Crypto falling?

Could you elaborate on the reasons behind the recent decline in the value of Waves Crypto? Are there any specific market conditions, technical factors, or regulatory changes that have contributed to this trend? Is it a temporary setback or a more long-term concern for investors? Additionally, how are the Waves platform's development efforts and partnerships impacting its market position, and could these factors potentially reverse the current downtrend in the NEAR future?