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Epic Pennant on BTC Chart


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1 hour ago, Eric123 said:

Bitcon broke through the first down trend line.  One more to go.  If you bought the dip, congratulations.  I might make another purchase later in the week depending on what the price does.  Thinking I might use this time to build a position in Cardano (which I presently don't own). 

1 11 2022.png

Not financial advice and I don’t own either, but consider Algo instead.

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2 hours ago, Ripley said:

no idea what either of them mean :) 

Sorry. Solana, Terra (LUNA), and Avalanche are three networks that catapulted into the top 10 in late 2021. Crypto Twitter has started to collectively call them Solunavax.

While I think Bitcoin and Ethereum's network effects are going to keep them dominant, I think this push outward to more networks is going to continue at the same time.

My money is on Fantom. It's got a nice little ecosystem started, it's caught the eyes of some big devs, and it has the advantage over Algorand, for example, of running the EVM.

Anyway, if you're looking to pick an L1 network winner in 2022, my money would be on Fantom. That's not going to fit everyone's risk profile, and there's probably more money to be made in other classes (like gaming/metaverse), but that's just my two cents.

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1 hour ago, brianwalden said:

Sorry. Solana, Terra (LUNA), and Avalanche are three networks that catapulted into the top 10 in late 2021. Crypto Twitter has started to collectively call them Solunavax.

While I think Bitcoin and Ethereum's network effects are going to keep them dominant, I think this push outward to more networks is going to continue at the same time.

My money is on Fantom. It's got a nice little ecosystem started, it's caught the eyes of some big devs, and it has the advantage over Algorand, for example, of running the EVM.

Anyway, if you're looking to pick an L1 network winner in 2022, my money would be on Fantom. That's not going to fit everyone's risk profile, and there's probably more money to be made in other classes (like gaming/metaverse), but that's just my two cents.

I agree with you! I have limited charting knowledge but from what I can see FTM is such a strong coin in the way that it moves.

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19 hours ago, brianwalden said:

my money would be on Fantom.

Fantom's 6.5b market cap is about 50 times too high for my taste. 20-50mio is what I look for, which is why I moved 1/3 of my XRP holdings into Covalent (CQT). The hope is that they become a multi billion project, which would be at least a 40x from here. 

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1 hour ago, Nat99 said:

Fantom's 6.5b market cap is about 50 times too high for my taste. 20-50mio is what I look for, which is why I moved 1/3 of my XRP holdings into Covalent (CQT). The hope is that they become a multi billion project, which would be at least a 40x from here. 

Yup. Everyone's looking to fill a different risk profile.

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12 hours ago, Nat99 said:

I moved 1/3 of my XRP holdings into Covalent (CQT). The hope is that they become a multi billion project, which would be at least a 40x from here. 

Hadn’t even heard of that coin until now. One quick look at CMC reveals it would have been an AMAZING quick flip in the summer (if u got in at say 40c then sold at ~$2 a few weeks later). Wish I had a crystal ball. 

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@Nat99

You appear to have a strong bond with Covalent (:D sorry !).

With only the same cursory glance on CMC as Neurotoxin I would be concerned with the (relatively high) current price when only 49.6M CQT are circulating out of 1B max supply (<5%). That's a huge amount to be released/sold down the road, but maybe I've missed something that mitigates this ?

That's also not to say that you couldn't swing trade it like Neuro says.

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Bitcoin continues sideways movement toward the Down Trend Line a "close" of $44,750 , Litcoin is moving up significantly at the moment up 6%+.  

Picked up some more BTC yesterday at $42,900.  I might pick up some more today. Hash rate hit another all time high.

1 14 2022.png

Edited by Eric123
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