Under-realized digital asset This is simply my personal analysis of a digital asset of a project which I believe is worth my attention. The project attempts the re-imagining the networking architecture underneath blockchains at "Layer 0"...the network layer. Current decentralized systems are based on peer-to-peer communication and the network layer is common to all crypto projects, bar none. Communication between components of the crypto-ecosphere is an essential component, Slow speeds = FAST DEATH to a project.
While there is not much financial history to perform a technical analysis on the project and it's asset I am investing in for the following reasons:
1. It addresses a real-work problem with an intelligent solution.
2. Recent launch on Binance in a bull market.
3. Very small market capitalization of $119,570,802
4. Currently trading at 0.2489
5. Very well educated and experienced team, despite the fact that I can pronounce none of their names.
6. Strong sponsors.
Things I don't like.
1. The asset name is terrible .....POND ? Why not FAST ?
2. The project name is goofy....Marlin ? Maybe if you are in the sport fishing industry.
3. Their website is deadly slow for supposedly a fast company.
4. I don't see any hot chicks on their company employee page.
5. No idea where they are located ? What are they hiding ?
So, please note that this is not financial advice, but rather a encrypted message which when de-crypted reveals the secret location of my banana bread recipe.
My immediate price prediction is easily $1.00 +
wmw
toronto, canada
Brilliant
Trump Tweet = Shots Fired! A Warning?! SHORT BTCUSDFRIENDS
I'm gonna catch a lot of junk for this but I'm going to float an idea for you. Time to abandon ship. I love crypto. You can see my charts going back years, but it's time to get out. There are two main reasons.
1. There are a lot of think tanks articulating a working international gold standard. It's coming. It has to. We can't survive on this imaginary fiat economy for much longer, I'm sure this we can all agree on.
2. The Trump Tweet. Trump tweeted, "I am not a fan of Bitcoin and other Cryptocurrencies...". Most people see Trump as the enemy. However, I think he is trying to give people a warning. I interpret his tweet as: "We are about to nuke Bitcoin and other crypto. Get out now because we're about to press the button. I'm going to fix the economy, but crypto won't exist."
I know most reading this are laughing. That's fine, I likely would too. All jokes aside, you've been warned. It's easy to buy back, but if the floor falls out this could get ugly fast. Good luck crypto friends.
TECHNICALLY
This isn't the prettiest picture. The weekly MACD has been one of the best swing trend indicators and unless we shoot up in the next 24 hours we're probably going to get a bearish cross tomorrow. Intraday charts are uninspiring as well.