$STG. Stargate Finance Buyzone and target.Multichain is one of the industry targets in the future. The concept of storing assets in one chain, and interacting/using the dApps on another is always exciting and necessary for a mass-adoption future.
That is why multichain infrastructure projects such as bridges, oracles etc... was always one of the most important ones in the industry right now. Stargate is one of them.
Chainslab was always fascinated by Stargate and its development. But their tokenomics, on the other hand, is not quite as impressive as their technological mechanism.
At the time of writing, their market cap is about $60 Million, with FDV of ~$456M, and only 13% of the total supply is circulating.
That mean, after listing on Binance, their token prices are getting lower every day and there is a high chance that $STG can get even lower.
Our target for $STG in the next 2 months is ~$0.36 - $0.38. This might be the accumulation zone before $STG can reach back to higher levels.
Buyzone: $0.36-$0.38
Target: $0.8 - $1.
Stoploss: Under $0.34.
And make sure that you always use stop-loss if there is an exploit on their contracts. Bridges have always a good target for hackers recently. DYOR before investing as always.
