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Derace

DERCUSD Potential Reversal , RSI Divergence + OutbreakWith Derace launching its full 'NFT horse racing metaverse' in October, I'll be sure to keep an eye on the price action leading up to this event. In addition to releasing a bunch of tools for the community before launch, Derace will also focus on Mass adoption once launched. All of these things will drive engagement up and hopefully reduce some of Derace's current bearish sentiment. So fundamentally speaking, there is definitely some upside to be had... On a technical level, we can come to the same conclusion: 1. Decreasing volume on Weekly 2. RSI Divergence 3. Curve-shaped Recovery 4. RSI outbreak --> Potential chart channel outbreak 5. 2 Month Consolidation around ICO price. I would be really surprised if DERCUSD drops below 0.288 from here, but i could definitely be wrong. Good luck!
Long
by Reproj2000
1
$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.
Long
by MarkStPeter
DeRace token (DERC) is down, but it's not outThe DeRace DERC token has a large following, but it is having a rough week due to the fact that multiple comparable tokens are also down. Keep an eye on it in case it goes down. It is an interesting token of the Metaverse world. In the previous month, its value nearly doubled. I've created a channel in which I'll be searching for an entry in the next several days, having previously liquidated half of my position. Disclaimer NO FINANCIAL ADVICE – The information on this website is for educational, informative, and entertainment purposes only. No express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for a particular purpose, is given with the Information. This article is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other form of advice. This post's information is general in nature and isn't meant for you or anybody else. You should not rely on any of the material found on this post to make a financial, investment, trading, or other decision without first doing your own due diligence and consulting with a professional broker or financial advisor. You understand that by reading any and all information on or through this post, you are doing so at your own risk. The trading of cryptocurrencies, Tokens and NFTs has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
Long
by LukkVal