DESO: $27.00 | a project way ahead of its time this is the the missing link on how to monetize ones equity in the social scene
one can be of quantity to get traction
or can be quality with solid usable benefit to humanity
i was i think one of the first wave of users when it was beta stage as BITCLOUT
where it rocked the TWITTER SPACE even famous influencers being BOWFINGGERED
or Pimped as currency based on POPULARITY
we now have the MEME fever for that .. where anyone can create a meme
out of what is happening and get rewarded immediately
the DOWNSIDE is its not regulated ang 99.9% are scams or rugs
1 out 50 you get lucky the rest its gone dead forever
risk not worth
DESO seems to have found the sweet spot to marry TWITTER BLOCCHAIN COMMERCE PAYMENT etc ... organically being built and slowly it shall be MARVELOUS
dont ape in.. as handler can always ram this down to unthikble lows.... just DCA
Requirement: STAYNG POWER
Upside: think Facebook Reddit Telegram at $14bn valuation
BestCase: Elon to offer $30bn ha ha ha
DESOUSD trade ideas
$300 into DESOJust bought $300 worth of DESO for a long hold. I could sell for a 100% profit in 33 days, but will probably hold for the big alt coin session.
DESO $300 BuyI will put $300 into a swing trade for a 37% gain in 6 to 8 days. That's a $120 profit.
Long on Deso good opportunity 1/3 risk reward Given Deso's robust narrative and backing from significant investors in the crypto space, it's conceivable to work without a stop loss and continue opening additional positions by averaging the buying price. We're currently tracking BTC's movement, hoping it extends a bit further. Leveraging Bitcoin's retracement, we want initiated a long position at 26.50 on support, with a stop loss set at 24.56. Our targets stand at 33.40 and 42.80 respectively. This strategy is aimed at maximizing gains while acknowledging potential market fluctuations
DESO to currrent high and then all time highsDESO has been on my radar to be one of the most successful coins during this upcoming bull run. Some price action here leads me to believe an easy 30% squeeze could be made.
Huge move about to happenConstricting Bollinger bands usually mean a big move is imminent. On the daily, we see constricted Bollinger bands whenever a big move happens. Given current market conditions, an upside move is likely, otherwise we would continue seeing chop.
Not financial advice, dyor.
DeSo - DESOUSDT - Ascending ChannelGreetings,
DeSo is one of our favorite coins for the upcoming bull run and it has been performing to justify that!
Currently it is in an ascending channel and trying to break out above. Previously $40 was a resistance but within the channel $40 has now become a support based on accumulation during past few days.
With Bitcoin ETF distraction now over, DeSo looks ready to grow. Once it crosses the $50 threshold, next few jumps should be faster until we get to $100 which will be a psychological resistance.
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Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DESO - DESOUSDT - Bullish ConsolidationGreetings,
If you have been following us, you know that our calls on DeSo have been successful from the very first one we made before it had started to move higher. We expect this coin to do really well in the weeks and months to come with a long term price target between $1200 to $1600 per coin which gives us a 30x to 40x growth from current price levels.
Since the last move up, DeSo has been consolidating and has created bullish wedge pattern. the pattern converges on Jan 3 therefore it will either break up or down before then. The next move up may take us close to $60 mark,
Even though this is a bullish signal and we expect to reach out long term target over the next year, high market volatility expected due to BTC ETF may cause a lot of turbulence. Due to which relatively smaller coins like DeSo may see significant downside. For that our short term target for a down move is around $18 to $20 which would be a huge accumulation opportunity for this hidden gem.
All investors should manage their own risk. From our end, we will provide our analysis as frequently as we can. Please SUBSCRIBE to stay up to date!
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DESO - DESOUSDT - Looks Ripe for BreakoutGreeting,
We have been predicting the bullish bias on DESO for weeks now when it was merely around $10 per coin. This is one of the coins we believe as gems and expect that it would hit MUN:10B market cap (~$1000 per coin).
Since the last major move, $30 mark has been a major resistance and DESO has formed a bullish triangle pattern over last several days and knocked at $30 mark 6 times. We believe 7th time would do the trick and it will jump to $40 right away which would be a short-lived resistance. $50 would be our target price and serve as the next major resistance to cause some pull back.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DeSo - DESOUSDC - Gems SeriesGreetings,
If you go into our older ideas prior to the beginning of the Gems series, we had been following on DeSo for the very reason it is just charting! Therefore we have decided to include it in our Gems Series.
DeSo claims to be the first blockchain built for the purpose of serving as a decentralized social platform and seems to have achieved a lot of milestones in your road map. The user base compared to big projects like internet computer seems low but the progress on this blockchain for SoFi seems to be most advanced. Perhaps if they invest a bit more on marketing, the user base shall grow significantly quickly.
We have been publishing about DeSo when it had just breached $10 and today it may as well breach $20 just in a few days since our analysis. We still see a lot of growth potential in this coin and as previously forecasted, we still think this can achieve MUN:10B marketcap.
Here is the report on the selection criteria.
1- Project Status = Active
2- Industry = Social
3- Community Involvement = Healthy
4- Prominent Listings = Coinbase, HTX
5- MarketCap = $177M
6- Coin Supply = Cir: 10.5M, Tot: 10.8M
This is medium cap now and has a lot of room to grow. Based on the factors, this coin has a potential for 10x to 50x rally.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DESO on the move?In our previous idea on DESO we showed that there was a bullish wedge pattern forming.
That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up.
This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it.
We still expect this to be a MUN:10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out.
Note: This is not financial advise and should only be used for educational or entertainment purpose.
DESO - Strong Basics - Hidden Gem?Greetings Everyone,
Looking at DESO - DEcentralized SOcial - They claim to be the first blockchain built for the purpose of serving as a decentralized social platform and seems to have achieved a lot of milestones in your road map. The user base compared to big projects like internet computer seems low but the progress on this blockchain for SoFi seems to be most advanced. Perhaps if they invest a bit more on blockchain viewer and marketing, the user base shall grow significantly quickly.
Back to the analysis
- This is listed on Coinbase and HTX
- Total coin supply is only 11M
- Market Cap is under $100M
- The coin has been in accumulation phase for a year and had a breakout recently
If SoFi gets it phase during any part of the next bull run, this will be one of the front runners.
After the breakout, currently it is creating a flat top and ascending bottom wedge pattern which favors better probability for bulls. And a small market cap like this has a potential for 100x growth over the next few months.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose.
Status Quo, Challenges and Prospect of Decentralized Social NetwIn Summary:
● Three basic features of decentralized social networks include freedom from centralized control, decentralized data storage, and censorship resistance.
● The channel model is replacing the traditional square model as a new paradigm of social networking. The channel model is behavior-oriented where users broadcast their messages to the whole network without necessary direct interaction with other users and influence on the network converges without causing a monopoly.
● The ideal decentralized social networks should balance censorship and anticensorship and follow the principle of voluntarism and supermanism.
● Because of differences in their design, Nostr, Farcaster, and Subsocial have different strengths and disadvantages. Nostr is the most concise and censor-resistant protocol, easy to be used for large-scale apps. Farcaster leverages the network effect and security of Ethereum. And Subsocial benefits from the cross-chain capability of Polkadot and the decentralized storage technology of IPFS.
● Decentralized social networks with strong censorship resistance and high security are worth paying attention to, especially those built on the bitcoin blockchain or other privacy blockchains.
● Web2 social platforms have long been criticized for their bad censorship, lack of user control and ban on cross-posting. Decentralized social protocols have emerged to solve these problems.
Decentralized social networks provide users the autonomy to set up social networks and services in their own ways. They foster higher resistance to censorship, protect user privacy, and enhance data security and reliability. Serving as the infrastructure for the next generation of social platforms to be born, decentralized social networks will play an essential role in shaping the future of social media.
This article will explore the key features, technical design, censorship resistance levels, and prospects of current decentralized social networks by analyzing three representative projects: Nostr, Farcaster, and Subsocial.
Key Features
Decentralization and the spirit of Web3 are core to decentralized social networks. This is reflected in their three key features: 1) decentralized social networks can operate without relying on any centralized parties or controllers; 2) they use decentralized technologies to store and process data to ensure efficiency and higher security; 3) they uphold user freedom and privacy and have higher levels of censorship resistance.
At present, not one Web3 social network has entered the mainstream. The underlying reason for this is that the values of Web2 social platforms have been established. They have found comfortable boundaries and use channels that meet regulatory requirements. If you care about censorship resistance, you should try decentralized social platforms.
Sacrificing some degree of decentralization might make it easier for Web3 social products to be accepted by regulators. But it’s against the megatrend of censorship resistance. If we liken the model of Web2 social networks to public squares, then a more apt metaphor for Web3 social networks is sewers. The advantage of the sewer model is that influence converges in the network but it will not cause a monopoly, and it is difficult for nodes (users) to alienate.
We’ve shared in a previous article how the sewer theory could help us determine if a public chain is a good investment. In this article, we also emphasized the importance of privacy to public chains. We believe privacy should also be a core value of decentralized social products.
Technical Design
Nostr: a censorship-resistant protocol secured by public and private keys
Nostr adopts several methods to ensure censorship resistance. Firstly, it uses digital signatures to identify users. It means that, as long as a user has his private key, his account will never be deleted. Secondly, it consists of clients and relays where clients can fetch data from and publish data to relays of their choice. And anyone can run a relay and set up rules to censor certain types of content. It means that users can easily switch to other relays. And even if a user is banned by all relays, he can choose to set up a relay of his own to be able to send messages again.
The significance of Nostr is that it has created a simple and universal solution for messaging while ensuring the intactness of messages. Under its design, users will not lose their digital identity or followers if they were banned by a relay. And by publishing content to several random relays, users can effectively enjoy censorship resistance. Additionally, a relay can charge a fee for publication, which ensures that there will always be a server willing to take the user’s money in exchange for serving their posts.
Farcaster: a decentralized social network with on and off-chain components
Farcaster is a sufficiently decentralized social network that enables users to send text, images, audio, and videos securely and privately. Its hybrid architecture combines both on and off-chain components. The Layer1 blockchain manages user identities while a Layer2 network propagates updates between users.
For the on-chain part, Farcaster uses Ethereum-based registry contracts to issue unique ids to users and store the custody addresses of these ids. Users can sign a message with their IDs. Recipients can verify its authenticity by looking up the custody address in the registry contracts and verifying the signature. This offers full security and consistency of Ethereum.
For the off-chain part, Farcaster uses delta groups to synchronize the social network’s state among user-controlled servers called Farcaster Hubs. Users upload messages to Farcaster Hubs which share messages across the network and store all the messages of all users. Apps can connect to Hubs and subscribe to updates from the network.
This architecture allows for tamper-proof communication over untrusted networks without requiring trusted third parties. Users can bring various Web3 identities, such as ENS domains, into the Farcaster ecosystem seamlessly and incorporate them in a user-controlled way.
Subsocial: an open platform built on Polkadot and IPFS technology stack
Subsocial is an open platform for creating decentralized, censorship-resistant social networks and marketplaces, built with the Polkadot and IPFS technology stack. Subsocial is not a social network but a platform with all the necessary modules and web front-end that users can use to create their own decentralized social networks, such as the decentralized versions of Medium, Twitter, Reddit, or Instagram. On these social networks, users own their content and social graphs.
The decentralized social networks that users create on Subsocial are called spaces. Subsocial also gives the power of content review to each space; Subsocial does not censor or block content at the chain level, but each space can specify its own content rules. The community can remove certain content that involves scams and harmful information by electing reviewers, or decide together how to block content that is not welcomed by the community.
Censors, Censorship Resistance, and Incentives
Users’ desire for new social experiences has inspired the explosion of decentralized social protocols. And new social experiences are often accompanied by the emergence of new censorship paradigms. With Nostr’s launch of Damus attracting attention, the discussion on the censorship-resistant narrative of decentralized protocols has been reignited. We believe that decentralized social networking is a concept we should examine from both technological and social perspectives.
From the “Square Model” to the “Channel Model”
Social networks in their traditional forms are deemed by many as like public squares. The scope of freedom of speech and restrictions on that freedom are dictated and censored by systems with centralized power distribution. And such architecture could easily lead to a monopoly of influence. Some may argue traditional censorships are effective in curbing scams, frauds, and deceits. However, there has yet to be a concrete study of its efficacy.
The charm of decentralized social networks is that they follow the channel model instead of the public squire model. The traditional way of social networking requires a user to “encounter” another in some form. However, in Web3, such an encounter is not necessary. Users only need to broadcast their messages to the network. It is more behavior oriented than interaction oriented. Like water in the sewer, tokens bring users together to interact with others without actually encountering them.
The channel or sewer model has emerged to be a new paradigm of social networking. Accordingly, the content review will be a public and fair process of collective decision-making instead of a process dictated by a few. Or else, users’ broadcasts will lose meaning. The token economics models of blockchains provide good references, drawing on which we can create a sustainable way of operation that balances censorship and anticensorship, incentives, and user activity for a better social networking environment.
In our opinion, a successful decentralized social network must have a robust economic incentive model to stimulate more vitality in the network. To achieve this, two principles need to be followed for optimal balance — voluntarism and superhumanism.
Voluntarism
Without economic incentives, decentralized social networks will be unrealistic utopias. However, we’ve seen the demises of all most all social projects that issue their own tokens. Does that mean there’s no future for social tokens? We think the crux of the problem is that these projects didn’t think through whether their token economics will stimulate voluntary behaviors among users. For decentralized social networks to gain real network effects, they need to empower voluntarism among users with token economics.
A token economy that follows voluntarism should try to capture value from users’ behaviors instead of users themselves. For instance, account transfer might be one of the most frequent user behaviors in Web3. That is users would want to transfer their accounts from one project to another without losing their data or social graphs. Also, decentralized social networks should have a diverse marketplace of censor services to ensure benign competition. Therefore, interoperability is critical. With a good interoperability framework, common grounds can be found among different communities on censorship.
Superhumanism
A second principle that decentralized social networks should follow is superhumanism. That is users have full control and ownership of their personal data and the freedom to choose from many social apps. This principle can be further reflected in governance, avatars, and algorithms. Users will enjoy freedom in all of these aspects and have superhuman experiences on Web3 social networks.
1. Freedom in Governance. Users will be able to express their ideas and opinions on these networks without interference or suppression from any third parties. There will not be unified rules. Anyone can enjoy freedom of speech. The incentive model of social networks will be censorship resistant, accommodating the self-defined rules of each user. There will be some form of meta-governance that ensures the use of financial instruments is well aligned with community governance. It will be super easy for communities to set up economic terms to balance the interests of their members. And leveraging the governance utility of tokens, all affairs within a community will be reflected monetarily and an open and free market will form that can cover “long-tail” affairs. In a previous article about governance in Web3, we have explained this idea in more detail: The Innovation of Web3.0 Governance Mechanism From the Perspective of DAO’s Decentralization.
2. Freedom in Avatars. Direct-to-avatar (D2A) is an emerging business model selling products directly to avatars (D2A) or digital identities. As it indicates, digital identities should not be just addresses, domains, or IDs, but highly personalized avatars. Like virtual goods facing difficulties transferring from one virtual world to another, the main challenge for avatars is also interoperability. Standardization of cross-platform assets will be conducive to the efficacy of protocol incentives as well as improving the overall censorship resistance level of the whole network. Therefore, decentralized social protocols with cross-chain and cross-platform features should be paid attention to.
3. Freedom in Algorithm. What a user can see and who he can interact with is determined by algorithms. Decentralized social protocols must support open algorithms to give users control of their algorithms, independent from any third parties. In these networks, users choose their algorithms to have desired experience and the network itself will also be more secure and flexible as a result.
Prospects
Nostr: Excellent censorship resistance
We believe Nostr is the most censorship-resistant decentralized social protocol at present in that clients can publish to multiple relays and users can change to other relays at will. In theory, users will not lose control of their identity no matter how frequently they change to other relays. And that is the largest value of decentralized social networking, i.e., realizing the mobility of identities through public and private key pairs.
Compared to other social protocols, Nostr is not blockchain-based. It is minimal and highly interoperable, which allows it to be used for building large-scale apps. It will be easier for developers to reach a consensus on open standards and iterate frequently to build advanced client apps. The downside is there is lacking an incentive layer in its architecture. Despite the fact that any user can set up a relay, there are currently only a few relays worldwide because there’re certain barriers to setting up a relay. Nostr may adopt one of the following ways to stimulate relay setup.
1. A fee-based model: When using Nostr, users can pay fees to relays for their service. This not only ensures revenue for relays but helps safeguard the security of Nostr.
2. A collateral-based model: users can pledge bitcoins to the Nostr network to get services from relays. The pledged digital currencies will be used to pay fees to relays, which in turn ensures censorship resistance.
3. A mining-based model: Nostr can incentivize relays to get mining rewards from publishing messages for users.
Farcaster: Backed by the network effect of Ethereum
As a decentralized social network built on Ethereum, Farcaster uses Ethereum smart contracts to realize its various social functionalities. Currently, there are over 30 apps built on Farcaster. Compared to traditional centralized social platforms, Farcaster has a higher level of censorship resistance as the apps will be run by smart contracts instead of controlled by any centralized entities. Its use of blockchain technology also ensures the security and privacy of user data.
However, Farcaster is still in its early stage. There will need a lot more development and testing for it to reach its ideal level of censorship resistance and usability. Additionally, the scalability issue of Ethereum will have an influence on how far it can go. Although Ethereum is constantly upgrading to solve this issue, it still poses a challenge. You can also refer to our previous research on Farcaster for more discussion: When Will Social Protocols Come of Age. In summary, Ethereum-based decentralized social protocols like Farcaster have great potential, but their level of censorship resistance is lower than Nostr.
Subsocial: The Future of Interoperability
We believe decentralized social protocols built on Polkadot and IPFS tech stacks like Subsocial have great potential too. Projects could achieve scalability and censorship resistance by leveraging the cross-chain capability of Polkadot and the decentralized storage technology of IPFs. Therefore, these tech stacks are quite suitable for building decentralized social protocols. Additionally, Subsocial is censor-resistant at the blockchain level. It stores users’ data and social graphs on the blockchain, ensuring the safety and privacy of such data. With these features, Subsocial’s prospect of success is optimistic. But it also has some limitations.
1. Technological limitations: Polkadot and IPFS technologies still have a higher barrier to entry compared to Ethereum. Therefore, using and building social apps on such protocols may not be the top priority for users and developers unfamiliar with these technologies. However, as Polkadot’s cross-chain functionality improves and Filecoin introduces the FVM, the situation will greatly improve.
2. Security issues: Data security is important in decentralized protocols. Due to the lack of centralized control in Subsocial, it is difficult to effectively secure its security, which is also a limitation that Subsocial faces.
Conclusion
In summary, from the perspective of resistance to censorship, Nostr is the best decentralized social protocol currently available. But it has not yet formed a viable business model. An important task for it would be to find a sustainable way forward while balancing the “voluntarism” in developer experiences and the “superhumanism” in end-user experiences. So far, Nostr is boosting the adoption of the Lightening Network. This integration is expected to improve user experience on the payment layer.
NFTs and the metaverse are also directions that decentralized social networks could consider. In this respect, Ethereum-based Farcaster has a natural advantage for gaining the network effect around its token. But when introducing tokens into a permissionless decentralized social network, it must be ensured that the token’s value doesn’t depreciate and that the token can be used in various social use cases. Comparatively, Subsocial has a more sophisticated design in terms of token incentives.
Which protocol will likely win out? The three protocols have different technological designs and focus. Their strengths and disadvantages will vary depending on the use cases. In the future, they must continue to innovate and improve to meet users’ needs and increase censorship resistance.
In summary, an ideal decentralized social protocol should have strong resistance to censorship, high security, strong scalability, good user experience, good ecological construction, and fair governance mechanisms. Decentralized social protocols also face some challenges, such as scaling, user experience, and privacy protection, which may affect their practical applications and resistance to censorship. In addition, the resistance to censorship of decentralized social protocols also faces legal and policy challenges, as governments in some countries or regions may take measures to restrict or block these protocols.
Future users will gravitate towards social products with more “superhumanism” and “voluntarism”. Projects without centralized forms of governance like Nostr are freer in spirit. In other words, compared to innovations in performance and scalability, we are more optimistic about social projects with strong resistance to censorship and high security. While the Ethereum ecosystem and its governance model have their own strengths, we believe truly decentralized social networks built on the bitcoin blockchain or other anti-censorship, privacy blockchains will be more worthy of attention.
desoThe currency in question has the potential to grow after the correction
If it crosses $10.50, it will grow big
Quick analysis Flag pole and a symetrical breakdown EOYI've been watching and i took a several quick positions and exited with a growth of 67% total gains.
I don't see the market value going any higher that the red horizontal line. It could start breaking down from
the current price trading in a symmetrical triangle and day traders will of course take advantage of the opportunity.
I could be wrong and it rapidly crashes down or the value could drop 30% and trade sideways with intermittent spikes in value.
I am just sharing my opinion of what could happen.
caution flagapril 26th i posted an idea about Apecoin
current trading looks to be following the same style of trading.
its just an idea that i am presenting.
my opinion is not investment advice so don't follow my examples.
every idea i post can be manipulated or break.
Breakout about to happen in the next few hours!breakout on the 4h for DESO. If we break to the upside I expect to regain the previous high of $24
Deso trying to break out? Not a financial advice! Please do your own research.
From my point of view it looks like deso is about to make a big move.
Whats your thougth on this?
DESO Pattern... IS IT ABOUT TO EXPLODE?I am not a financial advisor. I post these for my own records. Please do your own research before making any financial decisions.
It looks like DESO is about to blow the roof off.
DESO - 5/10 (Accum Strategy)So I bought in at $24 on on 5/8. And ended up selling $21. BTC is currently holding 30K. I am buying back here at $16.74 for an additional 20% accumulation. I started with 300 DESO and am up to 399 DESO.
I will monitor BTC and crypto health. There are a lot of DESO buy orders around $15. I am seeing signs of a DESO reversal here, so hopefully I'm not buying too early.
DESO - 5/8 (Accum Strategy)In my previous DESO post I talked about my accumulation strategy and charted DESO staying above the green line and potentially taking the purple path. I SODL when it broke the green line around $27.35.
I bought back at $24. I was able to accumulate 11% on the drop and went from 300 original DESO to 333.
I still think DESO could go to $35.5, come down some and then up to $54 in the next couple of weeks.
However, in the short term, I am watching $25 or whenever it gets close to the 1st red descending trend line and then $28.2 on the upper red descending trend line.
This is not trading advice. The market could still crash and DESO could go down. I am just sharing my strategy and trades to accumulate DESO.
DESO - Accumulation Strategy***We are in a Bear market and I am 80% cash. I will be trading to accumulate my favorite coins and to keep my trading skills sharp during the down turn. I believe $29K and 19.9K BTC is on the table.
About my current mindset... I've decided to change my trading strategy, to combine all of my favorite indicators and charting techniques that I've learned over the past year of trading crypto. And one that beats out buying and holding.
The strategy is simple. Pick a handful of coins based on utility & fundamentals I like and trade to accumulate them on Timeframes of 1HR and higher. With DESO I am starting small with 300 coins. My goal is to accumulate an average of 20 DESO every two days. While that sounds small, it will definitely add up for the next bull run. 20 (coins accumulated) x 15 (days per month) = 300 (Accumulated DESO per month w/o putting in more Market Capital). An additional 300 DESO per month will add up to 3,600 DESO by next May 2023.
Why do I like DESO?
- I believe a blockchain solution could help eliminate bots and other fake accounts on social media.
- I'm a big fan of decentralized social media and freedom of speech. I'm not a fan of cancelling and silencing others just because I don't agree with them.
- Yes, there will be more rude and insufferable comments, but I believe we the people should have the choice to engage or disengage from the other voices out there.
- Deso could be a good solution for the new Twitter.
- There is a low supply of available DESO at 10.8M coins and 10.5M already in circulation.
- It has a low market cap of $300M.
- It's currently listed on Coinbase and does not allow for Market orders. Limit order only = lower chances of rug pulls and grid bots manipulating the price.
About the chart...
- Yesterday/Today BTC made its way down to $35,600. Almost every other ALT coin made lower lows or double bottoms. DESO did not. It continued to stay above the bottom green bullish trend line. (It could still break below. This is just an observation.)
- DESO is currently Trending up on the daily TF (not in this chart)
- I think DESO could follow the purple path.
- Up to $31, down to $28, up to $36 and back down.
- The red lines are current TP trend lines that I will watch for them to break out.
