Long

STAKE ready to explode! (*beautiful cup and handle pattern*)

Fundamental analysis:

Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi.
As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now!
Both projects have a 50% circulating supply from the max total token supply.
Matic has an approximately 20x bigger market cap than Stake.
Stake is still not listed on major exchanges which represent multiple X potential in price appreciation.

Technical analysis:

Beautiful Cup and Handle formation is in correlation with fundamentals and market cycle.

Target1: $72
Target2: $104
Target3: $200

This is not financial advice.
Please do your own research.

Happy trading!
Chart PatternsCup And HandleEthereum (Cryptocurrency)Fundamental Analysisl2maticstakestakeusdSTAKEUSDTxdai

Disclaimer