Astar Network $ASTR will 40x - 130x this bull run!KRAKEN:ASTRUSD may be one of the most undervalued, under-the-radar cryptocurrencies at the moment.
Astar is the token of the Astar Network. Recently, it was announced that Astar zkEVM will transition to become #Soneium, the revolutionary #Ethereum CRYPTOCAP:ETH L2 launched by #Sony. The founders of the Astar Network and Soneium have announced and confirmed that the Astar Network is a special partner of Soneium and that there will be massive incentives and rewards for Astar token holders. Sony is the first giant tech and entertainment company to enter the crypto industry. Sony will launch a #crypto exchange in #Japan. Sony has a vast entertainment network - Sony Music, Sony Gaming, Sony Film will all be integrated within the Soneium network, so the Astar Network (& Token) will, als the de-facto coin of Sony, have massive utility, unmatched by any other cryptocurrency currently in existence. This insanely bullish news will finally lead to crypto Going Mainstream #GM - and here's your chance to be "in" before the masses arrive - and they will arrive.
This is the bullish narrative and news for #Astar.
However, the Astar chart also shows promising bullish signals.
1. There is a massive hidden bullish divergence on the weekly chart, indicating underlying strength.
2. There has been an EXPLOSIVE increase in volume near the lows. The insane increase in volume began prior to the Soneium announcement, which count hint at insiders accumulating.
3. On Balance Volume is also increasing EXPLOSIVELY, which indicates that the massive increase in volume was primarily due to BUY PRESSURE (buy volume), not sell pressure!
Now, how high can Astar Network go?
Currently, the coin is ranked #140 in terms of marketcap. Its market cap is $0.45b while its fully dilluted marketcap is $0.5b. This means there won't be many unlocks, and, in fact, the Astar Foundation has been burning tens of millions of tokens. The tokenomics are insanely bullish. Furthermore, the coin has very high volume, which means its a liquid coin.
SCENARIOS:
1. Astar bull cycle market cap = Polkadot's current marketcap --> 14x
2. Astar bull cycle market cap = 2x Polkadot's current marketcap --> 28x
3. Astar bull cycle market cap = Polkadot's 2021 marketcap peak --> 130x
4. Astar bull cycle market cap = half of Polkadot's 2021 marketcap peak --> 65x
--- Astar bull cycle market cap = the average of the above 4 scenarios --> 60x
5. Astar bull cycle market cap = Filecoin's 2021 marketcap peak --> 28x
6. Astar bul cycle market cap = Cosmos' 2021 marketcap peak --> 28x
--- Astar bull cycle market cap = the average of the above 6 scenarios --> 49x
--- Astar bull cycle market cap = the average of the two averages --> 55x
7. Astar bull cycle market cap = 20% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.20 = 16 billion / 7.5 billion = 2.13 / 0.062 = 34x
8. Astar bull cycle market cap = 50% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.50 = 40 billion / 7.5 billion = 5.33 / 0.062 = 86x
--- Astar bull cycle market cap = average of the last mentioned two scenarios = 60x
--- Astar bull cycle market cap = average of all the outcomes above (scenarios + averages of scenarios) = 637 / 12 = 53x
Based on these scenarios, a 53x could theoretically happen for the Astar token. The token checks all marks: extremely bullish reversal chart, incredibly bullish news + narrative, new token, good tokenomics, and potential future catalysts to fuel it rising even higher (like a listing on Coinbase, for example).
In my opinion, Astar could 53x from here.
The Astar Network chart looks like it is poised for a breakout. A break above the $0.1 level could trigger a parabolic move.
Finally, lets not forget that Astar Network token has been in a correction since January 2024, while most other coins have only been correcting since April. In other words: Astar's bear market is more advanced and could therefore, theoretically, reverse sooner than other coins.
Do with this information as you wish!
Playstation
$SONY: Monthly Hidden Bullish Divergence and Channel Breakout NYSE:SONY on the Monthly Timeframe is breaking out of a Descending Channel while confirming Hidden Bullish Divergence and Bullishly Crossing over on the MACD and the RSI enters the Bullish Control Zone; the next obvious target would be between 150 and 177 Dollars as that would be the completion of an AB=CD Harmonic Pattern. One last thing to note on the side is that the NASDAQ:MSFT acquisition of NASDAQ:ATVI has recently hit a brick wall with regulators and this is likely to spur some optimism in the NYSE:SONY camp who has opposed this acquisition in fears that Microsoft would eventually make games like Call of Duty, Xbox Exclusive.
🌊 🏄🏿 Roblox Prepares for ATHWith a beautiful diagonal wave presented in Wave 1, Roblox's Wave 2 correction was destined to be very deep (61-90%).
With Wave 2 now near its hypothetical completion, it looks as if Roblox is ready to build momentum and make a run into the next few years ahead.
I would tell my friends and my community that this stock is worth a buy consideration.
Bounce becomes doubtful beneath $69.26
Bounce/trajectory becomes invalidated below $61.29
🌊 🏄🏿
CUDOS crypto hiddden gem💎 💎 THIS BULL MARKET 1000%hidden gem GREAT ENTRY POINT. price demand zone dont WAIT until IT happens
$SNE looks ready to play*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered into $SNE at 92.33 after its correction from $118 down to $90.
$SNE currently sits at just $99.59 per share.
Current price action suggests that $SNE is gearing up for its next move up.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NTDOY to 90$ in 2021? (Swing and Long term trade idea)I have been in a NTDOY swing earlier this year catching the run from November to Jan. For some odd reason (and I know we shouldn't trade on emotion) I kind of miss holding NTDOY. So, I had told myself I would look into a long-term entry at some point in time in 2021.
Fundamentals:
> Pays a nice dividend (although fluctuating based on profit)
> Not a Sony, not an XBox -- but better? The flagship switch is a handheld + a TV plug-in console. Meanwhile, Nintendo holds great nostalgic IP with Mario, Zelda and gang, which makes it a product millennial parents want to return to for their kids too.
> Theme park -- Although not the scale of Disney, Nintendo's partnership with Universal will lead to the opening of parks across Tokyo (opened now) Florida, Hollywood, and Singapore by 2025. Unlike Disney where they keep the revenue, Nintendo's deal appears to be mainly through licensing. But, more than how much revenue Nintendo can make here, the big shift is how Nintendo is diversifying. This is what you want to see in a long-term stock.
> Cathie Wood -- ARKK was investing big on NTDOY from the Nov drop and kept buying the stock consistently until March, which is when they started selling a little. A quick look at ARKK's holdings and you note Nintento is still a top 25 holding as off March 11, while (and I manually calculated this seeing they sold a little on March 11 and 12) -- they hold roughly about 4,595,000 shares of NTDOY in their portfolio today. This tells me that while Nintendo isn't viewed as Tesla style innovation play, there are still big things expected from their expanding eco-system in order to create value.
> It doesn't end at the Switch. Nintendo has been rumored to be launching a new Nintendo Switch 2 (Switch Pro) device. This was expected to be announced Q1 2021, but with COVID, this has been pushed to 2022.
Strategies:
Swing:
I am not getting into a swing here. But, for anyone interested, it's not a bad set up in my opinion. From where the stock is at present, there could be a 14% upside in the coming month.
Enter - $69-70
Profit target: 14% upside with 80$ Profit target
SL set just below 64$
Long-term strategy (hold until 2022 or beyond):
I expect some risks towards summer of 2021 (or later in the year?), which could see the price in the range of 57-62$ for a great long-term entry.
I would personally think for a long-term strategy, enter in the $68-70 range as an initial position and dollar cost average down if the weakness comes through. NTDOY is just bouncing off the 200 MA currently, so you're not buying at a high starting price.
Compared to many other gaming stocks, Nintendo is well-aged and reliable and still very relevant. It is a slower moving stock than some other gaming stocks, but if you're looking for a reliable long-term play, this seems like a great dividend paying play to keep in the bag.
Good luck traders.
WE DON'T NEED PLAYSTATION 5, WE NEED MORE MONEY !!This analysis based on the price action, and Playstation 5 is coming this holiday 2020.
Will it keep going up to the all-time high? maybe, time will tell.