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HYDRA

Huge Volume Pouring Into Hydra. Is the Bloodbath Finally Over?KUCOIN:HYDRAUSDT has seen a massive decline of 99.4% from its peak, and it has found support at 30 cents, but is the bottom finally in? The trading volume has been high lately and there is a possibility of a trendline breakout and backtest. RSI is close to making higher highs, but the bulls need to push beyond the 92-cent range to avoid a hidden bearish divergence. 1 week RSI is also finally above 50, for the first time since Oct 2021. Stochastic RSI looks bullish after crossing up from oversold levels, and the price is currently above the Volume Profile Point of Control. MACD seems to have avoided a bearish cross, indicating the possibility of a sustained rally. However, if there is a market sell-off, it could empower the bears and halt the bullish advance. Ideally, it is desirable to see profit-taking with the fresh money going into projects that have not rallied yet. I have learned the hard way that high-staking rewards are not always trustworthy when I invested heavily between $11-$14. At that time, Kucoin was paying around 40%, but the current rates have dropped to 15%. Since then, I have gained more hydra than my initial position, but the value of my investment has plummeted drastically. I have added more to my position at 60 cents. The current market capitalization is around 17 million, with approximately 19 million coins in circulation, and most of them are currently being staked. The staking rewards may be contributing to the selling pressure, As price has lingered below the issue price for some time. Im confident that hydra will have its time, hopefully that time is soon. Hydra sounds like an exciting project on paper, so it is sad to see its price decline so drastically. For more information, please visit hydrachain.org As we all know, the crypto market is unpredictable, so it is essential to conduct thorough research and due diligence before investing Speculative Setup, DYOR. Good Luck!
Long
by bL1TZZ
May Great Things Happen to $HYDRA(HYDRAGON) this year!This is a technical analysis of a Bullish Idea of what i expect EURONEXT:HYDRA “HYDRAGON” to do on the weekly chart. Hydra Boasts an amazing current 32% -37% Staking APR and will adjust to keep incentives profitable while never falling below 20% staking APR. Only Time will tell if this scenario plays out, but with companies like LockTrip building/supporting this blockchain i feel this will playout well. Recommend a staggered entry for longterm.
Long
by LegitCrypto
2
DOUBLE BOTTOM PATTERN FORMINGDouble Bottom Pattern is Signaling a Buy on Hydra! The Double Bottom is also called the BIG WINNER, because it forms a W on the chart. I expect HYDRA CHAIN (on the 1 Day Chart), to continue bullish until we reach top of the parallel channel before breaking out to resistance at $3.60+. One Key Target area to watch as we approach the neckline & top of parallel channel @ $3.20, we must close candle above $3.20 to signal a breakout. When this happens, we will surely have a retest of $3.60 before continuing with higher highs. FUN FACT: HYDRA also has a 40% Staking Incentive that is hard to pass up that will compound daily when you reinvest your staking rewards. That is 0.1% in Hydra/day & Compounded Daily. As a traded security, you have the amazing potential of having those percentages exponentially increased. KEY TAKEAWAYS: >The double bottom looks like the letter "W". The twice-touched low is considered a support level. >The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend. Remember to DYOR and Happy Trading!
Long
by LegitCrypto
2
Introduction to CardanoA deep dive into Cardano Cardano has been in the top 10 for many years. It has an insanely strong community and is often the topic of the day. Many see Cardano as on of the potential ‘eth killers’. But why is that? How capable is Cardano and how far does its potential reach? Let us have a look. Cardano is a third-generation cryptocurrency that was developed by IOHK. It is a decentralized platform that runs smart contracts and is fully open source. It uses a unique proof-of-stake algorithm called Ouroboros, which allows users to earn rewards for validating transactions on the network. Cardano also has a treasury system that funds future development of the platform. Scientific Approach Cardano is the first blockchain platform to evolve out of a scientific philosophy and a research-first-driven approach. This entails that every upgrade, before implementation goes through a peer review assessment. The development team consists of a global collective of expert engineers and researchers. Three companies; IOHK, Emugro, and the Cardano Foundation, develop and maintain Cardano. The native currency on the Cardano blockchain is called ADA. The mission of IOHK is to "create accessible financial services for all" by utilizing the peer-to-peer reviewed blockchain technology. They are the primary force behind the development of Cardano. The development is supported and funded by Emugro. Finally, As the custodian organization for Cardano, the Cardano Foundation is a non-profit corporation that is subject to regulation. To preserve, keep safe and promote the Cardano Protocol technology is their primary duty. Blockchain Trilemma Cardano's approach to the blockchain trilemma of security, scalability, and decentralization is twofold; First, the project uses a unique proof-of-stake algorithm called Ouroboros which allows users to earn rewards for validating transactions on the network. This consensus algorithm is incredibly energy efficient, meaning that it can be run on a large number of nodes without the need for special hardware. Second, Cardano has a treasury system that funds future development of the platform. This two-pronged approach gives it a unique advantage in the blockchain space. Cardano also uses a unique system of layered protocols, which allows it to scale without sacrificing security or decentralization. To tackle this scalability, IOHK has drafted a scientific paper by the title of ‘Hydra’. It is a layer 2 solution, soon to be deployed on the Cardano blockchain. The image depicts the basis of Hydra. It shows that Cardano’s blockchain can simply confirm that the 30 ADA coins that once left to ‘Hydra’s head’ are returned to the blockchain. The number of coins never change. It is just that in the second layer (Hydra), coin ownership might have changed, giving Alice 20 ADA and Bob and Carol each 5. The benefit is that a lot of quick transactions between lots of users can happen at the second layer without directly affecting the blockchain. Hence, more speed and less fees. Additionally, every stake-pool (the ones confirming transactions on the network due to the ouroboros mechanism) can open one of these Hydra heads. One head is designed to cover 1000 TPS. This means that as the project grows, the number of stake-pool operators will grow too which in turn enables more Hydra heads and thus more throughput and TPS. A linear growth model, and the first of its kind. Cardano vs Ethereum Cardano is often compared to Ethereum because both platforms are hosting a number of decentralized applications (dApps) and both aim to solve some of the same problems. Due to its early entry into the market and significant adoption, Ethereum has the first-mover advantage. However, Cardano's advantage is that it has learned from the errors of tens of thousands of earlier initiatives to create a more resilient solution that is future proof. It's important to note that Charles Hoskinson, the founder of Cardano, originally co-founded Ethereum. Moreover, Cardano is more scalable than Ethereum, meaning that more transactions can be processed per second. Additionally, Cardano is more flexible than Ethereum, as it offers a wide range of features that can be customized to fit the needs of a particular application. This does not mean Ethereum is out of the game. The most probable scenario is that both chains will co-exist and fulfill the needs of its clients. The picture shows some of the current stats of the projects building on Cardano (compiled by community members and no official company release) Cardano and Africa IOHK has plans to help develop Africa through their partnership with the African Development Bank. The project is called “IOHK for Africa” and it is a five-year plan. The goal is to use blockchain technology to help with financial inclusion, elections, and land rights. They are also working on a project called “Atala Prism” which is a blockchain-based identity system. IOHK has been working towards solutions to balance the influence of institutions and politics in Africa. One way they hope to accomplish this is by creating a decentralized platform on which African entrepreneurs can establish their enterprises. These businesses will then have the same access to the global market as their competitors in wealthy countries because of blockchain. This would immensely help to level the playing field and allow African entrepreneurs to compete on a global basis. From an investment perspective, partnerships and real world applications and solutions like these, open up a path towards more adoption. Cardano has stated multiple times that they are building a road towards a billion users. And by conquering the continent of Africa, this ambition goes beyond just a possibility. Backlash for Cardano One of the main complaints that the Cardano ecosystem has received over the years is its slow development. Its scientific approach and development which includes writing papers and having these ideas peer reviewed, take a long time. Only after that, development starts which takes a while as well. This slow approach results in the ecosystem still being at the very start and behind competitors, some that even launched after Cardano.. Compared to its competitors such as Ethereum or Binance, Cardano only has a handful of projects actually operating. Many of them are still developing and were/are waiting for various updates on the network. There is not much DeFi happening on the chain, nor does it have a stable coin yet. The main activities taking place currently are NFT’s and staking. It is fair to say that they are still behind on their competitors regarding the ecosystem as of today. Charles Hoskinson, the CEO and founder of IOHK, has stated that this is only for the better as it means that every implementation is carefully designed to outperform and outlast its competition. Looking at the technology of Cardano, it is in many aspects ahead of its competition, despite the fact they are slow. Especially with looking at current problems in the crypto space: many blockchains are unsustainable as they are not able to scale. Others are not designed to be interoperable. IOHK has taken every detail since its inception into careful consideration by numerous experts in various fields to make Cardano future proof. Perhaps the slow but delicate progress of the project will deem to be profitable in the near future. As they often say, ‘slow and steady wins the race’.
Education
by vf_investment
4
Hydra - Cardano´s scaling solutionBlockchain Trilemma Cardano's approach to the blockchain trilemma of security, scalability, and decentralization is twofold; First, the project uses a unique proof-of-stake algorithm called Ouroboros which allows users to earn rewards for validating transactions on the network. This consensus algorithm is incredibly energy efficient, meaning that it can be run on a large number of nodes without the need for special hardware. Second, Cardano has a treasury system that funds future development of the platform. This two-pronged approach gives it a unique advantage in the blockchain space. Cardano also uses a unique system of layered protocols, which allows it to scale without sacrificing security or decentralization. To tackle this scalability, IOHK has drafted a scientific paper by the title of ‘Hydra’. It is a layer 2 solution, soon to be deployed on the Cardano blockchain. The image depicts the basis of Hydra. It shows that Cardano’s blockchain can simply confirm that the 30 ADA coins that once left to ‘Hydra’s head’ are returned to the blockchain. The number of coins never change. It is just that in the second layer (Hydra), coin ownership might have changed, giving Alice 20 ADA and Bob and Carol each 5. The benefit is that a lot of quick transactions between lots of users can happen at the second layer without directly affecting the blockchain. Hence, more speed and less fees. Additionally, every stake-pool (the ones confirming transactions on the network due to the ouroboros mechanism) can open one of these Hydra heads. One head is designed to cover 1000 TPS. This means that as the project grows, the number of stake-pool operators will grow too which in turn enables more Hydra heads and thus more throughput and TPS. A linear growth model, and the first of its kind. (Note¨this an extremely simplified exampled in layman terms. It should give a simple idea to the not so tech-savvy and encourage one to do more research)
Education
by vf_investment
1
HAIL HYDRA -LONGHYDRA looks Boring honestly…but EXTREMELY Lucrative. It should continue some sideways action before starting its next cycle. Would be a dream to see a cup pattern emerge but thats just wishful thinking andhas not been verified “YET” MACD Is entering limbo and should start its green stage again. Ichimoku Cloud & SARS point to a directional change. This is my 2 year forcast. It will be a slow crawl but reinvesting your hydra and locking it up can minimize your risk. Not financial Advice and I am a new chartaholic. Good luck All.
Long
by LegitCrypto
2
HYDRA will wake up and explode! Take your positions.The markets are a place where money flows from the impatiente to the patient. Here is why I believe time of reversal has come for HYDRA. - The coin is almost down more than 90% from its all-time high. How much can you expect it to drop? - HYDRA is currently at a very strong support range, which was previously resistance. - HYDRA has formed a year long ascending triangle, which now seems to be broken to the side and not down (as was the trend for more than a year long). - Every drop from a following lower high on the chart of HYDRA has been less severe. Here are the percentages you can see on the chart: -71.86% -67.47% -51.98% -48.72% -36.08% The bears are tired and the turn of the bulls has almost come. - We can see a very clear bullish divergene (yellow line below) on the descending price - In 10 weeks the airdrop will end, which will relieve a big sell pressure on the coin. This will be an extra calayst for the price to increase.
Long
by Crypto_Hagu
1
HYDRA - Cardano's Layer 2. Could it be a NEXT 10 - 100x ?? Today I'm looking at Cardano's (ADA) Layer 2 scaling solution HYDRA 25 million dollar market cap. Trading at $7.03 at the time of this video. Alt High of $52 2021 being a huge year for Layer 2 solutions. I can't imagine scaling solutions going away ANYTIME SOON. Cardano being a top 10 blockchain tech. I think as far as risk vs reward. This coin is one to keep an eye on. at this price point and market cap especially. This video is entertainment. Thanks for jamming! keep stacking it! -HP
Long
by Harmonicpuma
24
🆓Hydra (HYDRA) June-6 #HYDRA $HYDRAHYDRA has strong support at 30$ zone and it could move up to 44$ and 60$ zone this June. But if it loses 30$ zone, it will fall down to 20$ zone 📈BUY PLANS - Buy : 29-31$. SL if B 📉SELL PLANS - Sell : 43-45$. SL if A - Sell : 58.5-61.5$. SL if A ♻️BACK-UP PLANS - Sell : 29-31$ if B. SL if A - Buy : 19.5-20.5$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
HYDRA Chain HYDRAUSD towards discovery zoneHydra is fundamentally solid with high staking paid out daily to your KuCoin account. I have a big bag bought at the blue line. This is not a quickie! It’s a long term trade with a yearly 150% staking income paid daily to your KuCoin account. And technically Hydra could be heading to a new ATH too into discovery zone. My long term expectation for HYDRA is 500% gains. Again not a quick trade for profits but a long HODL with daily income. Fundamentally it is a new way to control total supply problem with inflation and deflation mechanism with a network that has few projects already onboard. My confidence is stronger because KuCoin is onboard with this project. if you have a different point of view; fundamentally or technically, feel free to share your thoughts.
Long
by eBlockChain
5