Chia > $900 - $1,900
Updated
🌱 (CHIA/USDT) (July 4, 2024) (#Chia #Spot)
Chia is a promising cryptocurrency that I've been following for a long time, focusing on mining using hard drives.
Do you remember the days of GPU mining?
There was clearly collusion with Nvidia and AMD, which caused stock prices to rise, as well as Ethereum itself :). Here, the situation is similar, involving major companies like Seagate and Western Digital that produce hard drives.
Why set price targets at $1000-$3000?
Because there will come a time when people will be buying hard drives in stores for mining, and the payback period for the Chia coin will be 3 months. That will be the time to lock in positions. Additionally, Chia will survive crypto regulation, and they plan to go public with an IPO.
Chia (CHIA) — Chia is a company that has developed a blockchain and cryptocurrency platform called Chia Network. It is an alternative to Bitcoin and other cryptocurrencies, but with a focus on energy efficiency and sustainable mining practices.
▫️ Chia can be obtained through farming, which involves using storage space instead of computational power to secure the network. Additionally, Chia has a strong community of users and has gained recognition in the academic field through various papers and presentations.
🕵️ Investors (Tier 1,2):
a16z (Andreessen Horowitz, IDEO CoLab Ventures, DCM Ventures, Naval Ravikant, Slow Ventures, Greylock Partners.
dropstab.com/coins/chia
cryptorank.io/price/chia-network
🟢 Entry price: $22.15
🟢 Take Profit 1: $900 (50%)
🟢 Take Profit 2: $1900 (50%)
Chart:
• Spot Market without leverage.
• Trade risk set at 20% of the deposit.
Chia is a promising cryptocurrency that I've been following for a long time, focusing on mining using hard drives.
Do you remember the days of GPU mining?
There was clearly collusion with Nvidia and AMD, which caused stock prices to rise, as well as Ethereum itself :). Here, the situation is similar, involving major companies like Seagate and Western Digital that produce hard drives.
Why set price targets at $1000-$3000?
Because there will come a time when people will be buying hard drives in stores for mining, and the payback period for the Chia coin will be 3 months. That will be the time to lock in positions. Additionally, Chia will survive crypto regulation, and they plan to go public with an IPO.
Chia (CHIA) — Chia is a company that has developed a blockchain and cryptocurrency platform called Chia Network. It is an alternative to Bitcoin and other cryptocurrencies, but with a focus on energy efficiency and sustainable mining practices.
▫️ Chia can be obtained through farming, which involves using storage space instead of computational power to secure the network. Additionally, Chia has a strong community of users and has gained recognition in the academic field through various papers and presentations.
🕵️ Investors (Tier 1,2):
a16z (Andreessen Horowitz, IDEO CoLab Ventures, DCM Ventures, Naval Ravikant, Slow Ventures, Greylock Partners.
dropstab.com/coins/chia
cryptorank.io/price/chia-network
🟢 Entry price: $22.15
🟢 Take Profit 1: $900 (50%)
🟢 Take Profit 2: $1900 (50%)
Chart:
• Spot Market without leverage.
• Trade risk set at 20% of the deposit.
Comment
I think for Chia, this could very well be the bottom for the spot position. We've reached the 161.80% Fibonacci target.Trade active
Comment
I increased the spot position in Chia (XCH) to 47% of the portfolio. When the price doubles to $44.80, I will close 50% of the position.Trade active
Bitcoin has gone wild. I've decided to increase my position in Chia (XCH) by 100% and will continue to manage it as it grows.Buy limit 3 (53% from portfolio): $20.87
Chart (XCH/USDT):
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