Pepe: Bull Run Price Target ($0.000059)Overview
Pepe is one of those speculative assets that I treat like a first date. I go in with the hopes that it could be an absolute winner but my expectations are that it will be a bust. Because of this I couldn't invest too heavily in the up and coming meme coin but I could invest just enough that if I lost it, I wouldn't be bothered. But if it becomes a winner then my insignificant investment just became a significant gain.
Let's crunch price targets. There's not many technical indicators that I feel are reliable enough to go off of so I am solely using Fibonacci retracement levels and theoretical market caps. As the anticipated crypto bull run begins to warm up, it's a good practice to begin setting price targets so that when the market cools again all of those gains don't get flushed down the drain. With any bull run, especially in the crypto market, it's not a matter of IF but WHEN the rally will end.
At a token price of $0.000011375 the market cap would be a measly $4.7B which is practically nothing to an established cryptocurrency. This price level reflects the 2.618 Fibonacci retracement level. Further climbs would need to be supported by significant volume but let's continue forward as if those requirements have been met.
At a market cap of $25B, the Pepe token value would be $0.000059 which is a whopping 1,375% gain. In crypto, this isn't unheard of. While I'd like to keep running numbers with growing market caps, I don't want to feed into FOMO which is extremely present during rallies so I will leave the cap at a $25B ceiling. This means that a theoretical investment of $100 at today's value ($0.0000040) would be worth $1,475 if Pepe can maintain its steam to the $25B market cap.
As I said before, I treat Pepe like a first date. I don't invest too much into it but just enough that I maintain the opportunity of being pleasantly surprised.
Altcoin
RNDRBullish continuation for RNDR. We can squeeze another 40% to 50% out of this.
This is more risky trade, it rose a lot already, but people are still very interested in it. DYOR
What is RNDR?
RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
Make Way for ADAADA/USD on the daily chart.
Price flipped a rising resistance to support.
Price has retraced to the .5 fib level.
This coincides with an oversold trend in the RSI.
Price has smashed through simple moving averages.
SMA's sloping upward.
Targets overhead in purple based on fib extensions.
Risk:Reward: 1:9
NFA, do your own DD
Novice here.
DEVVE Awaiting breakout to double digitsDevve, a layer 1 blockchain with 8m tps focused on ESG just launched and currently sits at a 15M market cap. It has has a French license and perfectly fits the institutional cycle we're in. Check their official website for more info.
Breakout is near with testnet launch in March. Already above downwards sloping resistance. A break of $1.50 would lead us towards ATH, which after retest would lead us towards $10. Current supply is only 20M coins.
If you read this during Feb/March 2024, you're early.
FilecoinFIL Looks very good. Ready for a move up for at least 80%. We do not have resistance up-to 16.5$ so it looks like we can go to those levels or even slightly above. that would be aver 100% gains.
I take profits starting 70% to 110% except there will be no signs of strength left. then taking all at ~80%
What Is Filecoin (FIL)?
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.
TSX:FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.
The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.
NEAR ProtocolNear protocol has a lot of Bullish patterns, indicators.
My take profits start with 45% to 100%.
Inverted double H&S showcasing we should get a strong and a fast move up.
What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
BIGTIMEBigtime might gives us some nice gains soon. Personally I'm already slowly buying this but still there should be a retest. Starting to slowly unload it after 170% up.
Market cap
$200 Mill
About Big Time
Big Time is a multiplayer action RPG for PC that melds a fast-combat system with an open game economy where players have an active role in generating and exchanging game items. Their approach is to make Web3 elements invisible to players, so they don't represent an obstacle to entertainment and cater to a broader audience.
Cetus ProtocolCET in a nice pattern. There is no actual support nowhere around previous ATH so we might even touch it or go slightly above.
RSI and some other indicators indicating a move up.
About Cetus Protocol
Cetus is a pioneer DEX and concentrated liquidity protocol built on the Sui and Aptos blockchain. The mission of Cetus is building a powerful and flexible underlying liquidity network to make trading easier for any users and assets. It focuses on delivering the best trading experience and superior liquidity efficiency to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate interoperable functional modules. Permissionless All the major tools and functions on Cetus are basically built with a permissionless standard. It allows users or other applications to utilize its protocols for their own use cases at any time. No matter it’s to set up a new trading pool, or to allocate incentives to rent liquidity from the public. Programmable Cetus is building a highly-customizable liquidity protocol based on CLMM. Through flexible composition of swap, range order and limit order, users can almost conduct all kinds of complex trading strategies that could be achieved on a CEX. Besides, liquidity providers are also able to execute various Maker strategies using CLMM to maximize their liquidity efficiency. Composability Cetus embraces the concept of “Liquidity As A Service”, so it puts emphasis on the ease of integration when building its products. Developers and applications can easily access the liquidity on Cetus to build their own products such as liquidity vault, derivatives, leveraged farming, etc. A new project team can also easily set up a swap interface on its own front end by integrating Cetus SDK, which will help them access the liquidity of Cetus and even the whole market real quick. Sustainability Cetus adopts a double-token model fueled by CETUS and xCETUS. Long term and dynamic incentivization sustained by protocol earnings is implemented to reward those active participants of the protocol. It wants to make sure the real contributors of the protocol can be effectively incentivized by the scientific token economy.
Nosana NOSNosana is currently retesting. Should give us a good entry soon.
Best idea to wait for RSI to reset
What is Nosana
Nosana is revolutionizing GPU cloud computing by providing companies with more accessible and affordable compute power for running AI. This makes Nosana the first decentralized computation platform powered by the Solana Network.
At the moment there is a massive shortage of GPUs in these cloud infrastructures. Nosana believes that communities can provide the computation that is needed in a decentralized way. Furthermore, a strong community can keep a project powered for eternity. Nosana offers GPUs with at the convience of the cloud at a fraction of the costs.
CHZUSDT Trade Idea - Moon wainting! Tick, Tock...Hi to all TV people, today I charted Chilliz .
This is NOT a major cap coin, but who cares... we want moon right?
Here we have a few data:
Market Cap: 561 Million
All Time High: 0.8915$
Today's price: 0.07364 (-91.83% from ATH)
Low market cap means more room to grow, on the other side more volatility.
Chilliz broke out from descending wedge forming from January 2023 . Measured target is a 2X from here . I think more is yet to come. Just be careful about crypto and global market conditions.
In my opinion we can reach easily 0.14 mid-term. We need to watch more from the rest market to know if there are the conditions for this alt to grow more.
My suggestion is to hold spot in your alts bag, no leverage.
Not a financial advice, always DYOR.
Good luck.
ShadowPlayer.
ATORATOR Protocol. Looks decent, I believe this can truly play out soon.
We might soon get 70% gains from this one, Truly depends what bitcoin will do now, if it dumps whole market have big chance to follow.
ATOR empowers The Onion Router (Tor) through on-chain incentives, and facilitates wider adoption of secure network relay protocols through hardware products. ATOR contributes the following to the existing Tor network:
1) A framework for existing Tor relays to receive cryptocurrency rewards in our native currency, ATOR, in accordance with their cumulative useful uptime, through a Proof-of-Uptime mechanism
2) The introduction of the ATOR Router Hotspot, a handheld device that enables users to connect their consumer devices, via WiFi, and route all their web traffic through Tor script-free
3) The rollout of the ATOR Relay, our own version of the Tor relay. It is designed for Tor routing and immediately interoperable with our ATOR Proof-of-Uptime framework, allowing non-technical users to mine ATOR and contribute to web anonymity through Tor.
BTC This cycle might actually be different.Bitcoin this cycle looks completely different than any previous one. We have never in the past gone up so high before the halving. There is no saying what BTC will do if we brake ATH pre-halving. Also the price mostly is driven by retail and ETF's no institutional buys yet. Google searches for "BTC" "Bitcoin" "Crypto" is still almost at all time lows.
When we try to chart, from now on DO NOT LOOK AT THE PAST CYCLES. It will mislead you.
Also indicators will try to screw us soon, so focusing on using more advanced tools than basic RSI will be needed. One advice - Learn to you Bookmap to understand what and how to follow BTC on there.
SolanaSol, emerges as a beacon of bullish sentiment, hinting at the possibility of substantial gains, potentially doubling in value. Renowned for its lightning-fast transaction speeds and low fees, Solana has carved a niche for itself in the cryptocurrency landscape. The project's innovative approach to scalability, utilizing its Proof of History (PoH) consensus mechanism, sets it apart from its competitors. Solana's burgeoning ecosystem, encompassing decentralized applications (dApps) and decentralized finance (DeFi) protocols, continues to attract both developers and users alike. Its recent performance showcases resilience amidst market fluctuations, bolstering investor confidence. With an array of strategic partnerships and continuous protocol upgrades, Solana remains poised for exponential growth. As the crypto market matures, Sol stands out as a promising asset, offering the potential for lucrative returns to savvy investors. Watch closely as Solana charts its course towards a potentially bullish trajectory.
$PYTH Trend Line to Watch, Potential 35% LongI am currently watching this SEED_DONKEYDAN_MARKET_CAP:PYTH downward trendline waiting for some sign of a break out before entering a long position. This will most likely be confirmed or cxled in a couple days depending on Bitcoin's price movement. Lowest entry could lead to a quick 35% spot gain.
AVAXAvax, also known as Avalanche, appears poised for a bullish trajectory, signaling potential gains of up to 100%. With its robust ecosystem and innovative technology, Avax has been gaining momentum in the crypto sphere. Its recent performance showcases resilience and upward momentum, suggesting a favorable outlook for investors. The project's unique consensus mechanism, Avalanche consensus, offers high throughput and near-instant transaction finality, enhancing its appeal among users and developers alike. Additionally, Avax's expanding DeFi ecosystem and partnerships further bolster its growth prospects. As the crypto market continues to evolve, Avax stands out as a promising asset with the potential to deliver significant returns to investors. Keep a close eye on Avax as it charts its course towards potential gains in the near future.
ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap.
In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such.
A case for the bulls on Ethereum :
- ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market.
- Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls.
A case for the bears:
- OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio.
INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps.
I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart.