DGD - Serious Potential! Great Long Entry for Gold HODLers
Take a look at DGD. This is a project I've been a fan of for a long time because it combines my two great loves, precious metals and crypto. I believe that it has the potential to attract a lot of conservative investors into the very volatile crypto market because it's whole focus is digitizing the gold market. I believe the 10-year outlook on gold is incredible. Combine that with the ever emerging crypto market and I think you have an absolute winning trade. This is not trading advice, but my reasoning as to why I hold DGD.
Looking at the price action, the price has broken above resistance which has kept it at bay since August 2018. The price has been steadily rising in an ascending channel since December. But now that resistance has been broken, I believe DGD has the potential to really pump. It's a low marketcap alt with a pretty sparse orderbook. Any serious volume into this can really cause this to move.
Looking at the price action, the price has broken above resistance which has kept it at bay since August 2018. The price has been steadily rising in an ascending channel since December. But now that resistance has been broken, I believe DGD has the potential to really pump. It's a low marketcap alt with a pretty sparse orderbook. Any serious volume into this can really cause this to move.
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