Is Alchemix ALCXUSD a sleeping giant?
Updated
To be honest, I found this coin simply by going down a list on Coinbase to see if I could find any undervalued or low market cap coins. When I looked at the chart for this coin, I saw it was virtually bottomed out relative to the all time high. There are conflicting accounts of what that is however. The highest recorded price for this coin appears to be $11,000. Many have said that the all-time high is $2000. Either way, here's the deal:
We are in a bull market: Bitcoin has surpassed it's all time high and is now testing the 68-70k mark. The halving is happening in April and we are setup for a profitable spring and summer if we play our cards right. Altcoin season will depend on what happens with Bitcoin. If you have been in crypto for a while then you know that use-cases aren't necessarily important in a bull-run. However, it helps. That being said, Alchemix has the makings for a parabolic move.
1. The total supply is just over 2 million, less than BTC.
2. The price is currently sitting between $35-37
3. Golden cross happened back in late Nov.
4. All time high of $11,000
5. Good use case: ALCX (DeFi) offers instant loans that repay themselves over time.
6. No one is talking about this coin in comparison to other coins.
7. Fear and greed index currently sits at 82, extreme greed.
The list could go on, the chart shows a steady uptrend since the beginning of the year but I won't get into all the indicators just yet. It feels like the calm before the storm. In my opinion I am going to keep buying anything under $40. You might have just as much luck with any other similar project. This one just seems like one to really keep an eye on.
We are in a bull market: Bitcoin has surpassed it's all time high and is now testing the 68-70k mark. The halving is happening in April and we are setup for a profitable spring and summer if we play our cards right. Altcoin season will depend on what happens with Bitcoin. If you have been in crypto for a while then you know that use-cases aren't necessarily important in a bull-run. However, it helps. That being said, Alchemix has the makings for a parabolic move.
1. The total supply is just over 2 million, less than BTC.
2. The price is currently sitting between $35-37
3. Golden cross happened back in late Nov.
4. All time high of $11,000
5. Good use case: ALCX (DeFi) offers instant loans that repay themselves over time.
6. No one is talking about this coin in comparison to other coins.
7. Fear and greed index currently sits at 82, extreme greed.
The list could go on, the chart shows a steady uptrend since the beginning of the year but I won't get into all the indicators just yet. It feels like the calm before the storm. In my opinion I am going to keep buying anything under $40. You might have just as much luck with any other similar project. This one just seems like one to really keep an eye on.
Trade closed manually
I have updated ALCX charts on my profile. I will consider this one closed.
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