PKTUSDT: Further 300% bullish potential towards 0.03PKT CASH ($PKT) (PKT/USDT): Further 300% bullish potential towards 0.03 price area expected
Context
I have posted ideas for this particular coin previously and it looks like this setup could see gains as high as 300% in the short-term timeframe. There is an ascending channel as indicated by the trendline on RSI and a strong support zone has established at 0.009 currently.
Fundamentals
Based on public information, this coin is currently trading far below seignorage cost, seeing elevated selling pressure on the way up is unlikely. All technical parameters (RSI, EMA, MA) currently indicate a very likely breakout.
Key levels to watch
The current support and demand zone is 0.009, the next lower level is 0.008 and finally 0.007. Trade is good to enter at all these levels. The 0.01 trade currently forms some resistance, it can be expected that once 0.01 changes into a support level, there will be lots of upwards movement quickly.
Trading
$PKT can be traded on BitMart and Bittrex. I personally prefer BitMart as it has more liquidity at present.
PKT
PKTUSDT: Bullish trend reversal confirmedPKTUSDT ($PKT) has seen some extensive gains over the past 48 hours, confirming a bullish trend for the foreseeable future. The selling liquidity in the 0.009 range is already exhausted and the new key resistance level is 0.01, after which the next target will be 0.015 afterwards. I am opening a LONG position over the next 30 days. $PKT can be traded on Bittrex and BitMart.
ANOUNCEMENT: PKT Is Now Trading!The PacketCrypt network's native token, PKT is now trading on Bittrex Global and Bitmart as of today. PacketCrypt is a project to disintermediate the internet service and replace telco monopolies with a decentralized bandwidth Marketplace. The goal of PKT is to build a decentralized bandwidth marketplace where hundreds of cloud ISPs buy bandwidth from mesh-nets operated by thousands of individuals and communities. Then, to use that bandwidth to create virtual networks on top of the mesh of infrastructure. It uses a bandwidth-hard proof of work algorithm to secure the blockchain.
Pricing is currently cheaper on Bittrex Global at time of writing. There may be opportunities for arbitrage between the two exchanges for those who can access both. USA residents who are prohibited from accessing Bittrex Global will have to trade on Bitmart.
I've been watching this project closely for over a year now. There are a few other mesh-net routing projects out there in various stages of development. What sets this one apart is the bandwidth-hard PoW algorithm, a (from what I can see) stable bandwidth monetization mechanism (and non-inflationary), and transaction fees so low that they're practically free, thus enabling micro transactions on chain.
The project is still early in its development roadmap, but there is a mobile wallet, and Windows and Mac GUI wallets available.
You can find out more about PKT by visiting pkt.cash
Full disclosure: I am long PKT and intend to accumulate more. This is a long-term position.