$DERC / $USDC flashing oversold zone. Potential BottomHi Traders,
Here's a crypto gaming and gambling horse racing platform.
DeRace is still in Beta w/ the full game being released in the 2nd/3rd quarter of 2022.
Strong and growing community w/ loyal holders. I believe, like many that crypto gaming and gambling will be what helps to attract the masses into the cryptocurrency space. As gaming can act as a medium between two different worlds to bring further adoption. Respectable voices in the crypto and traditional space are speculating that the gaming(crypto & Metaverse) will reach a trillion-dollar valuation.
As more and more games come into the space, it will be harder to find the projects that give the highest level of return while also providing a long term vision that is realistic and accomplishable. So when searching the crypto gaming space, my focus always falls on the team and their ability to reach their objectives.
Thus far Derace has proven to be able to do so. Their communication with the community can feel somewhat limited at times but this could be that they are hard at work. Don't take this as a negative bc they do have moderators and workers who have specific roles for interacting with the holders and investors but when it comes to stating deadlines and dates or releases, it can feel that those go unstated.
There are also a number of top influencers in the space showing support for the project and a couple of them act as advisors.
Factoring all of this in, I can feel an extra layer of security when investing my money into the project for the long term.
Whether this is the bottom before a reversal to the upside, time will tell. I would expect to sit on your hands if you've been waiting to get in for another few days, to see if we move sideways or drop further. Potentially offering a better entry point. Or you can always just DCA in.
Good luck.
