NLG/USD Awakens from Bearish Hibernation; Last stop: Valhalla
Updated
This project is one of the best kept secrets in the entire crypto space. While people chase after DOGE which has over 120B coins and very little development and only rises because of the Musk Effect, Gulden's current supply is ~0.475% of DOGE's...which makes the NLG supply *closer to BTC's supply than DOGE's supply is to Gulden's* ...yet DOGE is 4x the price of Gulden?! Think about that for a while.
In terms of "Value Investing", one might say that NLG's eventual and much-deserved appreciation will make DOGE's rise look modest by comparison, especially when you take into account NLG vs. DOGE current price per exchange volume in relation to aggregated available supply. There are folks selling dozens of millions of DOGE at 5 cent, meanwhile there are less than 5 Million NLG *that are even available to be bought from the order books*--That's how scarce NLG is since a significant percentage of the supply is locked into the Witnessing protocol that rewards holders which makes NLG objectively one of the safest, longest standing and efficient blockchains available. It just needs more promotional traction from popular influencers and a handful of fat cats to start entering the fray... and the price discovery that could occur for Gulden would (once again) bring the spotlight onto the vibrant fintech environment in which it can begin to flourish as a store of value and resume its status as one of the top merchant-centric and user-friendly cryptos available.
Green lines signify structural avenues within the incoming bull market.
Short term: look for consolidation in the 0.012-0.015 range to solidify and a break toward the recent local high of just over 2 cents.
Medium term: If it violates the 0.0225-0.025 zone and breaks noticeably back above this nearly 3 year price resistance at this level, look for another doubling effect up to 4-5ish cent range and around here another raucous consolidation hangout between the former resistance of 0.025 and 5 cent is likely. If we start flooding past 5 cents, then another doubling effect will likely occur.
Long term: 10-15 cents then becomes the next logical trading range for NLG to re-establish (since it traded in this zone for over a year between late 2016-early 2018 in the prior bull market in its early development phases, now it's way more seasoned).
Longer term: NLG Will eventually challenge prior ATH again (30x from here) and could even breeze past it the more capital inflows amplify and stay within the crypto sector, which appears likelier by the week at this point.
In terms of "Value Investing", one might say that NLG's eventual and much-deserved appreciation will make DOGE's rise look modest by comparison, especially when you take into account NLG vs. DOGE current price per exchange volume in relation to aggregated available supply. There are folks selling dozens of millions of DOGE at 5 cent, meanwhile there are less than 5 Million NLG *that are even available to be bought from the order books*--That's how scarce NLG is since a significant percentage of the supply is locked into the Witnessing protocol that rewards holders which makes NLG objectively one of the safest, longest standing and efficient blockchains available. It just needs more promotional traction from popular influencers and a handful of fat cats to start entering the fray... and the price discovery that could occur for Gulden would (once again) bring the spotlight onto the vibrant fintech environment in which it can begin to flourish as a store of value and resume its status as one of the top merchant-centric and user-friendly cryptos available.
Green lines signify structural avenues within the incoming bull market.
Short term: look for consolidation in the 0.012-0.015 range to solidify and a break toward the recent local high of just over 2 cents.
Medium term: If it violates the 0.0225-0.025 zone and breaks noticeably back above this nearly 3 year price resistance at this level, look for another doubling effect up to 4-5ish cent range and around here another raucous consolidation hangout between the former resistance of 0.025 and 5 cent is likely. If we start flooding past 5 cents, then another doubling effect will likely occur.
Long term: 10-15 cents then becomes the next logical trading range for NLG to re-establish (since it traded in this zone for over a year between late 2016-early 2018 in the prior bull market in its early development phases, now it's way more seasoned).
Longer term: NLG Will eventually challenge prior ATH again (30x from here) and could even breeze past it the more capital inflows amplify and stay within the crypto sector, which appears likelier by the week at this point.
Comment
Looks like a typical sideways consolidation pattern has put Gulden in the large, mildly bullish limbo zone marked by the big trapezoid space outlined in the above chart. The timeline for bull market confirmation is swiftly approaching decision time. If price continues to falter below 0.016 cent after early June, we could easily see a retrace to the 1 cent support area. Otherwise, a truly upward trajectory that is a decidedly bullish within the large trapezoid zone it finds itself in would put Gulden around 4 cents by the end of summer.Comment
We have new bull market confirmation. new All Time Highs is the next target. congrats to everyone who got in under 2 cents. still plenty of time to get in. The next top by this time next year could rival doge because the tech behind gulden is way superior.Comment
Organized FUD shakeout/sell-off in the broader market. This presents an Amazing time to get in or keep accumulating NLG--these "flash crash" sale prices probably won't last very long since 3-5 cents per Gulden is still technically quite low still. In my view, $1 could just be the beginning. I still wouldn't be surprised to see new ATH within a year. The sooner this coin can get on a higher liquidity exchange and gain more market visibility, the sooner the scarcity buying around this chronically overlooked coin will shock the crypto world. REMEMBER, there are only *6x* as many NLG as there are ETH; Look at Cardano with its stupid amount of coins for the current price; Solana and Theta are still kind of high pricewise; meanwhile Gulden is more secure and arguably just as efficient as all of aforementioned hype coins. NLG is not your run of the mill PoS or PoW coin and is *still* at an absurdly low price per its max supply, NLG still has nearly free transaction fees, a super nice mining/witnessing wallet and will likely have much of the same capabilities as ETH as development continues (see NFT news).Comment
So yeah, Gulden has officially made nearly a 60% supply reduction (from 1.68B to *750M* making its total supply only 6x more than...cough cough...ETH and it's available supply is currently less than 4x that of ETH....meanwhile Gulden is currently 1/60,000th the price per ETH, yet is approximately 50x more energy efficient than ETH *at an equivalent marketcap*....and currently has a transaction cost of less than a penny.... oh and almost forgot, they are also implementing a 45% block reward reduction (from 140 to 90). This all means that this hidden gem is about to get REAL SCARCE compared to other coins with its same price. This will mean it will start to catch up SUPER FAST with other coins with similiar distributions (see AVAX/Avalanche). All this could mean that Gulden has the potential from this juncture to outperform the entire market in a drastic and prolonged fashion for the next, i dunno, 2-3 years. All of this is suffice to say that if you want to retire early: Get IN and B U C K L E U P. The $2-4 range is not out of the question in the mid term (18 months!)
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