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Boba

BOBA, another multiple X growth prospect coin!Boba Network is a Layer 2 Ethereum scaling and augmenting solution that lowers gas fees, enhances the capabilities of smart contracts and improves transaction throughput. After touching a parabolic peak at 1.0 levels, BOBA went on a cooling down mode touching 3x less its peak price. Now, based on long term data -- this is resetting again. Buyers are slowly positioning at the current levels for that future price growth. Long term shift has been registered. An upside reversal is already in order. RR ratio of this one looks good. A potential x3 to $1.0 will be the interim target. The development and fundamental score of this one is quite impressive as well. At this price range, this is a definite bargain buy. FUNDA + TA: All boxes ticked on this one. Spotted at 0.350 TAYOR.
Long
by JSAL
Trade Idea for Boba Network (BOBA) - Accumulation StrategyBoba Network (BOBA) is currently trading around $0.3895, experiencing a recent uptick of 3.03% in its price. It has a market cap of approximately $66.85 million, which positions it at #539 in the market cap rankings. The 24-hour trading volume is notably active at around $2.15 million, suggesting liquidity and investor interest at current levels. The current price of approximately $0.3895, close to the daily low of $0.3779, offers a potential entry point. This price provides an opportunity to benefit from any positive reversion in the market sentiment surrounding Boba Network. If BOBA's price sees further dips, additional acquisitions could be made. Consider purchasing more BOBA if the price drops to $0.30, $0.225, $0.15. This staggered buying strategy allows for lowering the average entry cost as the market provides opportunities. Aim for gradual profit taking starting from around $1.05, which represents a modest upside from current levels. Further targets could be set at $1.20 and above, depending on market conditions and Boba Network's performance in the broader crypto market. Market Considerations: Boba Network operates as a Layer-2 scaling solution for Ethereum, suggesting potential for growth especially as Ethereum continues to expand and more developers seek efficient transaction solutions. The network's focus on reducing transaction fees and enhancing smart contract capabilities could drive its adoption and increase the value of BOBA. This strategy does not include a stop loss, which means it is suitable for investors with a higher risk tolerance. Investors should be prepared for potential volatility, especially given the crypto market's inherent risks. The choice to accumulate BOBA without a stop loss is based on its current market position and the strategic importance of Layer-2 solutions in the cryptocurrency ecosystem. Boba Network’s recent performance and its role in facilitating cheaper, faster transactions make it an interesting candidate for long-term holdings. This trade idea is based on current market data and the strategic potential of Boba Network as of May 2024. As with any investment, due diligence is crucial. This analysis is not financial advice.
Long
by icordkaz
1
BOBA has the potential to soar over $2Building this big patterns obviously take time. An inverse head and shoulders really is just a representation of "Smart" money & "Dumb" money. (Smart & Dumb are interchangeable with patient v impatient or emotional v unemotional, whales v shrimps and most likely a combination of all these characteristics) Anyway BOBA has left shoulder , the rejection from this level to make our bear market bottoms to flush all the sellers... An opportunity for strong hands to accumulate A run up maybe caused by a handful of smart money and/or market conditions raising all boats. Another opportunity for weak hands to exit. And the right shoulder when the big players make the higher base, from which they take the asset to the neckline again. Fundamentally #BOBA like all scaling solutions should do well in crypto fall, with high network and gas usage.
BLong
by BallaJi
15
IS BOBA GOING TO THE UNEXPECTED BREAK $1?The last hours BOBA shows an unexpected increase trend, also on the side of data movement. What does this mean? are we going to see BOBA increase and break to new 100% and more or is this just a small time frame increase? In the coming time frames, we will check the right side. Remember that this coin has high risk. The coin can show unexpected data today. This update depends on the network.. some movements going there on it.. this can mean a break from what we have seen before on Binance. but same time as a day trader there is always a confirmation needed.
Long
by SatochiTrader
#OMG/USDT 8h (ByBit) Descending wedge breakout and retestOMG Network pulled back to demand zone where it printed a dragondfly doji. A small bounce towards 100EMA would make sense! ⚡️⚡️ #OMG/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (5.8X) Amount: 5% Current Price: 0.520 Entry Targets: 1) 0.511 Take-Profit Targets: 1) 0.581 Stop Targets: 1) 0.476 Published By: @Zblaba LSE:OMG #OMGUSDT #OmgNetwork #OmiseGo #L2 Risk/Reward= 1:2 Expected Profit= +79.5% Possible Loss= -39.7%
Long
by TradingOn
How traders can make money on the ZK narrative?The ZK narrative is one of the most trending topics at the moment. Many users are waiting for the release of ZKSync and StarkNet, which will bring new value and applications to the crypto space. The launch of ZKSync and StarkNet, may force the market to reassess the current Rollup projects, which will positively affect the price of their tokens. So, we can make a conclusion that you need to keep your finger on the pulse about ZK and Rollup projects and know which projects can go up. In this idea, we will list the most interesting projects , which can benefit from the ZK narrative and bring traders maximum profit. We'll also mention our thoughts how to get more profit. The projects list 1. $MATIC It is the most obvious project, which in addition to its main products, also has ZK solutions. Also, $MATIC has advantages as it fits into several interesting narratives. We can say it's a versatile asset. 2. $ROSE Layer 1 network with initial rollup support and privacy at the smart contract level 3. $AZERO Layer 1 blockchain built on the more productive DAG consensus mode. It integrates the ZK technology into its solutions. 4. $SYS A double-chain solution running on EVM and BTC concepts. EVM chain is based on rollup and ZK support solutions. 5. $METIS Layer 2 network based on the optimistic rollup concept. 6. $MINA Layer 1 blockchain using ZK-SNARK technology. 7. $LRC Layer 2 ZK rollup, designed to optimize trade and payment. 8. $IMX Layer 2 network created for NFT, using STARK ZK-rollup solutions. 9. $MUTE DeFi platform on ZK Rollup technology 10. $BOBA Layer 2 solution, based on Optimistic Rollup 11. $SKL A competitor to all Rollup solutions due to its unique technology of launching separate blockchains to meet the needs of the audience 12. $FIRO Project that created solutions to burn native tokens and get new pure tokens without transaction history 13. $PIVX Financial data protection solution plan to integrate ZK-SNARK solutions. 14. $ZKS DEX, which uses the ZK technology. How can you make a profit? 1. Watch for updates within the narrative and announcements from the main stars of this trend, ZKSync and StarkNet, the closer the token's release to the market, the more projects will react to it 2. Look for new projects developing Dapps that have not yet released their token. 3. If your strategy and risk management allows you to buy, allocate a part of your deposit and diversify it between tokens of projects you like. Conclusion The ZK and Rollup trend is one of the most interesting and discussed at the moment, but it's not the only one. There are also a few more promising narratives we will tell you about soon. Share your thoughts about these projects in a comments section and check links in our bio. Thanks for reading
by Samura0x
3
NEW #ALTS That can pump in 2023Some coins on my watchlist that could outperform. one I forgot to mention #AXL Axelar #DBI... one with the most upside potential #ALEPH #APT --- solid team and technologu , high marketcap and potential token dilution #BOBA --- scould be very profitable multichain Layer 2 #DC --- highly confident #ETHW --- similar to Eth classic will. pump at random times I believe #GALA. --- Blue chip gaming coin #OP. --- solid layer 2 play for ETH #UFO. --- semi bluechip metaverse #WOO --- trading for near protocol #OPENAI -- pure gamble on chatgpt narrative
O
by BallaJi
$BOBAUSDT is the next Matic$BOBAUSDT entry PT .40-50 ^ Basically 1k to 900k Timeline 2 years 1k to 30Mil by 2030 $MATICUSDT is L1 $BOBAUSDT is L2 It has a circulating supply of 160 Million BOBA coins and a total supply of 500 Million. Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. Boba offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities. Boba’s extensible smart contracts will enable developers across the Ethereum ecosystem to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, making it possible to use algorithms that are either too expensive or impossible to execute on-chain. We’re building Boba in a way that puts our users and developers first. Our goal is to build a pragmatic L2 that is the first step towards opening Ethereum to the next Billion users.
Long
by BADQOMOCAWGOWLD
1