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Kroumi
@_kroumi_
Researcher • Crypto • Web3
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The airdrop meta is evolving! BLUM is a game-changer!
You can't miss another project backed by Binance Labs with free participation, so today I'm here to tell you what you need to do!
🔸First, sign up:
t.me/BlumCryptoBot/app?startapp=ref_Q0FIcU2vpG
🔸Then, you need to:
Press the “Start farming” button every 8 hours
Collect points Play the free mini-game every day
Log in for a daily streak Do the simple tasks Invite friends
🔸What's so special about Blum?
This project was founded by a former Binance employee and it is backed by Binance
🔸First, sign up:
t.me/BlumCryptoBot/app?startapp=ref_Q0FIcU2vpG
🔸Then, you need to:
Press the “Start farming” button every 8 hours
Collect points Play the free mini-game every day
Log in for a daily streak Do the simple tasks Invite friends
🔸What's so special about Blum?
This project was founded by a former Binance employee and it is backed by Binance
PINNED
This Pattern Repeats With New Projects - How To Find The Perfect Entry Point?
Knowing this feature, you'll be able to find the perfect buying zones!
Here are Top-5 examples of new projects that have come out recently and this pattern has worked:
An important note: Everything written here is purely my observation based on my experience and analysis of price behavior. Never follow other people's advice blindly, always do your own research.
So now, I'll try to convey to you my view of the charts, let's get started!
The first coin on my list - $APT
As you can see, the
Here are Top-5 examples of new projects that have come out recently and this pattern has worked:
An important note: Everything written here is purely my observation based on my experience and analysis of price behavior. Never follow other people's advice blindly, always do your own research.
So now, I'll try to convey to you my view of the charts, let's get started!
The first coin on my list - $APT
As you can see, the
$XLM is up +500% from my buying point!
It was a great buying zone that I was talking about.
So it makes sense to sell piecemeal so I sold half of my volume.
But I continue to hold the remainder and plan to hold until the price reaches 1$.
What do people think?
#Stellar
It was a great buying zone that I was talking about.
So it makes sense to sell piecemeal so I sold half of my volume.
But I continue to hold the remainder and plan to hold until the price reaches 1$.
What do people think?
#Stellar
$XLM - I'm holding it on the spot with an insane potential!
Stellar has the same formation as $XRP in the long-term view.
Given Ripple's recent win, I can't pass by these two similar projects so they are both in my long-term portfolio. I have to say that I have an even split of funds between these two coins.
So what about the XLM chart? Let's consider it from the technical analysis point of view:
We can see that globally the price is forming a similar triangle formation as on the XRP chart.
Since the past local low was put in the $0.07 area, I put a conditional cancel zone for this scenario beyond that level. I mean $0.067 to be exact.
In any case, even if the structure breaks and the price goes below my level, I will still continue to hold $XLM because it corresponds to my long-term plans.
My first potential profit-taking zone will be $0.154, but I will continue to hold the main volume up to the level of $0.79-$1.
The most important thing I want to convey is to pay huge attention to your risk management and strategy. Without systematic work and a clear plan, you will not be able to stay on the market for long.
You can literally plan your investments in such a way that your long-term investments will override your short-term speculative ones by simply holding them for the long haul.
Statistically, the most profitable investments are “buy and forget” investments. That's exactly the case. We won't be back here for a while.
What about you? Do you hold more XLM or XRP?
#Ripple💰 #Stellar
Stellar has the same formation as $XRP in the long-term view.
Given Ripple's recent win, I can't pass by these two similar projects so they are both in my long-term portfolio. I have to say that I have an even split of funds between these two coins.
So what about the XLM chart? Let's consider it from the technical analysis point of view:
We can see that globally the price is forming a similar triangle formation as on the XRP chart.
Since the past local low was put in the $0.07 area, I put a conditional cancel zone for this scenario beyond that level. I mean $0.067 to be exact.
In any case, even if the structure breaks and the price goes below my level, I will still continue to hold $XLM because it corresponds to my long-term plans.
My first potential profit-taking zone will be $0.154, but I will continue to hold the main volume up to the level of $0.79-$1.
The most important thing I want to convey is to pay huge attention to your risk management and strategy. Without systematic work and a clear plan, you will not be able to stay on the market for long.
You can literally plan your investments in such a way that your long-term investments will override your short-term speculative ones by simply holding them for the long haul.
Statistically, the most profitable investments are “buy and forget” investments. That's exactly the case. We won't be back here for a while.
What about you? Do you hold more XLM or XRP?
#Ripple💰 #Stellar
$BTC closed last month at +10%.
Looking at the monthly chart, you can see how the October candle went out of range, and the candle from the week before last is quite strong.
There was something like a channel retest on the daily chart, except I think the weekly chart will still want to retest it.
Although ATH's price did not break through, it may rush there again, but I want to believe that we will be brought down before the upcoming week.
It is quite obvious that this November promises to be volatile.
#Bitcoin
Looking at the monthly chart, you can see how the October candle went out of range, and the candle from the week before last is quite strong.
There was something like a channel retest on the daily chart, except I think the weekly chart will still want to retest it.
Although ATH's price did not break through, it may rush there again, but I want to believe that we will be brought down before the upcoming week.
It is quite obvious that this November promises to be volatile.
#Bitcoin
$XAI looks bullish and here's why:
Firstly, it's the chart - the coin has dropped by 90% from its ATH.
A corridor has been formed where volumes are increasing now.
It is a bullish factor and there are divergences on the daily chart.
Secondly, XAI is a project from the Arbitrum team.
Thirdly, XAI at one time also poured well to those who held their node - their validators directly got a dozen Xs, and probably they were the ones who shed the price.
Now, spot-buying looks very attractive from the point of view of both technical analysis and fundamental analysis.
The project is being built by an experienced team with already existing experience.
What do you think about this chart?
#XAI
Firstly, it's the chart - the coin has dropped by 90% from its ATH.
A corridor has been formed where volumes are increasing now.
It is a bullish factor and there are divergences on the daily chart.
Secondly, XAI is a project from the Arbitrum team.
Thirdly, XAI at one time also poured well to those who held their node - their validators directly got a dozen Xs, and probably they were the ones who shed the price.
Now, spot-buying looks very attractive from the point of view of both technical analysis and fundamental analysis.
The project is being built by an experienced team with already existing experience.
What do you think about this chart?
#XAI
$DOGS is going exactly according to my scenario.
The price is out of the corridor and is trying to do a retest.
I believe you and I had a bottom 2 weeks ago and now we may see a price reversal.
So far everything is going according to plan and the “-60% pattern” is being followed.
A figure similar to a double bottom can be observed in the 4-hour timeframe.
I continue to watch the coin and believe in rising further.
#DOGS
The price is out of the corridor and is trying to do a retest.
I believe you and I had a bottom 2 weeks ago and now we may see a price reversal.
So far everything is going according to plan and the “-60% pattern” is being followed.
A figure similar to a double bottom can be observed in the 4-hour timeframe.
I continue to watch the coin and believe in rising further.
#DOGS
$DOGS — 4h
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.
#DOGS
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.
#DOGS
Blum has just officially launched its Memepad!
100,000 randomly selected users are eligible for $DOGS farming.
One game = 110 DOGS = $0.08 on average.
For those who have been collecting tickets, this is a great opportunity to spend them if you fall under this opportunity.
If you hit a bomb in a drop game, you don't lose your accumulated DOGS, you only lose BP points.
So use this opportunity to get the most out of the project.
By the way, this is their second drop.
If you're not already farming a project that supports Binance Labs, then I don't know what you're doing in crypto at all.
But you can still start farming:
t.me/blum/app?startapp=ref_Q0FIcU2vpG
Do you think this event will affect the price of DOGS?
#BlumCrypto #BLUM #airdrop #BinanceLabs
100,000 randomly selected users are eligible for $DOGS farming.
One game = 110 DOGS = $0.08 on average.
For those who have been collecting tickets, this is a great opportunity to spend them if you fall under this opportunity.
If you hit a bomb in a drop game, you don't lose your accumulated DOGS, you only lose BP points.
So use this opportunity to get the most out of the project.
By the way, this is their second drop.
If you're not already farming a project that supports Binance Labs, then I don't know what you're doing in crypto at all.
But you can still start farming:
t.me/blum/app?startapp=ref_Q0FIcU2vpG
Do you think this event will affect the price of DOGS?
#BlumCrypto #BLUM #airdrop #BinanceLabs
$BTC just hit $66,000
Will there be an upward break of the line or will it descend back to the lower boundary?
I tend to think that we may see a drop if the price fails to break and consolidate above this zone.
But so far it looks like a good start to the week, pretty strong movement.
I wonder what the denouement will be like in the next few days.
#Bitcoin
Will there be an upward break of the line or will it descend back to the lower boundary?
I tend to think that we may see a drop if the price fails to break and consolidate above this zone.
But so far it looks like a good start to the week, pretty strong movement.
I wonder what the denouement will be like in the next few days.
#Bitcoin
$AVAX tested the local support level.
As you might know, the “double bottom” pattern is often formed before the trend change and price reversal.
The potential of this pattern is equal to the first part of it — with the orange arrows I've highlighted the approximate area.
The ultimate target of this potential is located at the approximate mark of $40, approximately there will be local resistance, so this zone will be the target zone.
I now consider the trend to have changed to an uptrend definitively.
#AVAX
As you might know, the “double bottom” pattern is often formed before the trend change and price reversal.
The potential of this pattern is equal to the first part of it — with the orange arrows I've highlighted the approximate area.
The ultimate target of this potential is located at the approximate mark of $40, approximately there will be local resistance, so this zone will be the target zone.
I now consider the trend to have changed to an uptrend definitively.
#AVAX
$AVAX touched the 0.618 golden Fibo zone!
Right now we are at a strong support level and this is a great buying zone as well.
From a long-term perspective, this is the moment when some are scared and sell and others realize the situation and increase their positions.
These are just my observations, it is often the case that the price corrects to the golden ratio and then rebounds and continues the upward movement.
Always analyze the chart on your own and don't trust anyone 100%, not even me.
#Avax
Right now we are at a strong support level and this is a great buying zone as well.
From a long-term perspective, this is the moment when some are scared and sell and others realize the situation and increase their positions.
These are just my observations, it is often the case that the price corrects to the golden ratio and then rebounds and continues the upward movement.
Always analyze the chart on your own and don't trust anyone 100%, not even me.
#Avax
$DOGS — 4h
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.
#DOGS
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.
#DOGS
BVOL24H — has reached a local minimum. I expect an increase in market volatility in the coming days.
In simple words, the trigger for the index's growth is usually the removal of the previous minimum on the daily or weekly timeframe.
In such periods, you can open trades, as there will be volatility in the market and the price movement will be more tangible.
If the volatility index is at increased values, the probability of sideways movement on the market without special impulses increases.
And as can be seen from the current chart — the situation is the opposite.
#BVOL24H #MacroAnalysis
In simple words, the trigger for the index's growth is usually the removal of the previous minimum on the daily or weekly timeframe.
In such periods, you can open trades, as there will be volatility in the market and the price movement will be more tangible.
If the volatility index is at increased values, the probability of sideways movement on the market without special impulses increases.
And as can be seen from the current chart — the situation is the opposite.
#BVOL24H #MacroAnalysis
$TRX — 1w
A clear uptrend.
Now there is increased attention to the coin because of the new memecoin narrative in the Tron network.
The price can reach the global high of $0.3, possibly higher.
We can consider buying from the lower boundary of the uptrend.
In the local picture the price touched the Fibonacci golden section, I am waiting for a reaction, but I would like to pick up at the level of $0.140
#Tron
A clear uptrend.
Now there is increased attention to the coin because of the new memecoin narrative in the Tron network.
The price can reach the global high of $0.3, possibly higher.
We can consider buying from the lower boundary of the uptrend.
In the local picture the price touched the Fibonacci golden section, I am waiting for a reaction, but I would like to pick up at the level of $0.140
#Tron
$DOT — 1W
One of the best coins of the past bull market in 2021, is falling for the third year.
After a slight rise earlier this year, the price formed a "Head and Shoulders" technical analysis pattern.
As a result, the potential of this formation was realized and now the price has reached the global support level.
I am looking at spot-buying, starting from the current values and up to the level of 3.50-4.00$.
I consider this area attractive because:
— Strong support level;
— High risk to potential profit ratio;
— The sentiment (fear) of many traders and investors about buying this coin.
In my opinion, the price may stab at the highlighted zone to gather liquidity below for more panic, after which it may turn around and go up, at least to the previous local high, to the “head” area.
DOT looks very weak indeed, that's why I'm using this opportunity for a position set.
#Polkadot
One of the best coins of the past bull market in 2021, is falling for the third year.
After a slight rise earlier this year, the price formed a "Head and Shoulders" technical analysis pattern.
As a result, the potential of this formation was realized and now the price has reached the global support level.
I am looking at spot-buying, starting from the current values and up to the level of 3.50-4.00$.
I consider this area attractive because:
— Strong support level;
— High risk to potential profit ratio;
— The sentiment (fear) of many traders and investors about buying this coin.
In my opinion, the price may stab at the highlighted zone to gather liquidity below for more panic, after which it may turn around and go up, at least to the previous local high, to the “head” area.
DOT looks very weak indeed, that's why I'm using this opportunity for a position set.
#Polkadot
$AAVE hit our 1st target!
I consider the trend upward again as we set a new local high.
Global targets remain the same but perhaps in the local picture, the price will go to look for a new local low.
This is necessary for a full-fledged uptrend to form as we have just come out of accumulation.
#AAVE
I consider the trend upward again as we set a new local high.
Global targets remain the same but perhaps in the local picture, the price will go to look for a new local low.
This is necessary for a full-fledged uptrend to form as we have just come out of accumulation.
#AAVE
$AAVE is strong in spite of the rest of the market.
This coin was quickly repurchased during yesterday's drop and I continue to keep it in my portfolio.
In the long term, I am counting on super profits as I believe its potential is much higher.
Looking at the project metrics from an analytical perspective, TVL and Revenue continue to grow. So given the expected Ethereum growth, I can't stay on the sidelines.
Therefore, past analysis and goals are relevant. For clarification, this is a logarithmic chart.
This coin was quickly repurchased during yesterday's drop and I continue to keep it in my portfolio.
In the long term, I am counting on super profits as I believe its potential is much higher.
Looking at the project metrics from an analytical perspective, TVL and Revenue continue to grow. So given the expected Ethereum growth, I can't stay on the sidelines.
Therefore, past analysis and goals are relevant. For clarification, this is a logarithmic chart.
$TON — The descending structure.
The chart shows the “Head and Shoulders” pattern formation, which usually indicates a trend reversal. In our case, the downtrend is confirmed by the neckline breakdown by the price level.
The downside potential is usually equal to the “head” of the figure.
The first target will be the zone at $3.94 - 0.5 Fibonacci value.
This road will be opened after the neckline retest and the subsequent successful breakdown of level 0.382.
The second downside target is the zone at $3.30 - here the downside potential ends, according to the “Head and Shoulders” pattern, and also, the strong value of 0.618 Fibonacci golden ratio is located in this area.
Usually, there is a rebound from it, or the price just corrects to this level and continues the global upward movement.
The third potential target could be the zone at $2.80 - there is a strong support level (red rectangular zone), which is not easy to pass.
But this outcome, I believe, is unlikely.
Further buying can be considered based on the first two major ranges.
#TON #Toncoin
The chart shows the “Head and Shoulders” pattern formation, which usually indicates a trend reversal. In our case, the downtrend is confirmed by the neckline breakdown by the price level.
The downside potential is usually equal to the “head” of the figure.
The first target will be the zone at $3.94 - 0.5 Fibonacci value.
This road will be opened after the neckline retest and the subsequent successful breakdown of level 0.382.
The second downside target is the zone at $3.30 - here the downside potential ends, according to the “Head and Shoulders” pattern, and also, the strong value of 0.618 Fibonacci golden ratio is located in this area.
Usually, there is a rebound from it, or the price just corrects to this level and continues the global upward movement.
The third potential target could be the zone at $2.80 - there is a strong support level (red rectangular zone), which is not easy to pass.
But this outcome, I believe, is unlikely.
Further buying can be considered based on the first two major ranges.
#TON #Toncoin
$BTC may touch the lower trend line.
Candlestick engulfment patterns have indicated this in recent weeks.
Therefore, we may see Bitcoin drop to at least $47,000.
Also, at this level, there is a horizontal support line and of course, we cannot ignore September - a historically red month for the entire market.
So now I'm expecting a correction in the coming weeks.
What do you think?
#Bitcoin
Candlestick engulfment patterns have indicated this in recent weeks.
Therefore, we may see Bitcoin drop to at least $47,000.
Also, at this level, there is a horizontal support line and of course, we cannot ignore September - a historically red month for the entire market.
So now I'm expecting a correction in the coming weeks.
What do you think?
#Bitcoin
We're in for a very interesting end to this year!
FTX promises to start repaying its creditors in the 4th quarter of this year -the total amount will be $16 billion!
Do you realize where all this new liquidity is going to flow?
This is a very large amount of money by the standards of the whole sector, people will probably put this money into altcoins or bitcoin, because they will want to keep their funds or multiply them at all.
This could trigger that bull run at the end of the year, so I think this is positive news.
Do you think so too?
#FTX
FTX promises to start repaying its creditors in the 4th quarter of this year -the total amount will be $16 billion!
Do you realize where all this new liquidity is going to flow?
This is a very large amount of money by the standards of the whole sector, people will probably put this money into altcoins or bitcoin, because they will want to keep their funds or multiply them at all.
This could trigger that bull run at the end of the year, so I think this is positive news.
Do you think so too?
#FTX
$MATIC will convert to POL and be worth $5?
$5 average POL price during the 10-year period - it looks like this model is planned by the developers in the long term.
I found this confirmation in one of Polygon's documentation!
Since all the coins are already in circulation I assume big capital is already ready for the upcoming bull run.
On top of that, you just look at the current chart on the right.
Even here in terms of technical analysis, this pattern is confirmed and we could indeed see explosive growth soon.
This is not financial advice, these are my thoughts.
I'm just comparing a number of factors that corroborate each other so that is why I'm bullish.
The network developers are focused on the long-term development of the entire blockchain, so it makes sense for me as a simple retail investor to hold a native blockchain coin on the spot.
Do you believe in Polygon's future?
#Matic #POL #PolygonMATIC
$5 average POL price during the 10-year period - it looks like this model is planned by the developers in the long term.
I found this confirmation in one of Polygon's documentation!
Since all the coins are already in circulation I assume big capital is already ready for the upcoming bull run.
On top of that, you just look at the current chart on the right.
Even here in terms of technical analysis, this pattern is confirmed and we could indeed see explosive growth soon.
This is not financial advice, these are my thoughts.
I'm just comparing a number of factors that corroborate each other so that is why I'm bullish.
The network developers are focused on the long-term development of the entire blockchain, so it makes sense for me as a simple retail investor to hold a native blockchain coin on the spot.
Do you believe in Polygon's future?
#Matic #POL #PolygonMATIC
Web3 coin research #6 - Polygon $MATIC
Here's what you need to know about it in simple words: 👇
Plan for today:
Main idea Team Investments and partnerships Figures and tokenomics How does Polygon work? Polygon 2.0 concept What is the POL token for? The ecosystem growth model TA
Let's dive in:
~ Main idea ~
Polygon solves Ethereum's scalability problem by providing tools that enable scalable and fast DApps due to cheap transaction fees.
It also provides ease of interoperability between different blockchains.
~ Team ~
The team is big and with a lot of experience:
Marc Boiron - CEO
Sandeep Nailwal - co-founder
Jaynti Kanani - co-founder
David Z - CTO, co-founder
Jordi Baylina - co-founder
Antoni Martin - co-founder
Brendan Farmer - co-founder
Daniel Lubarov - co-founder
Bobbin Threadbare - co-founder
Anurag Arjun - co-founder
And also other board and marketing members.
~ Investments and partnerships ~
Polygon has raised a total of $451M in funding over 9 rounds.
Famous names among the partners include Coinbase Ventures, The Spartan Group, DragonFly Capital, Galaxy, Republic, Animoca Brands, Union Square Ventures, etc.
~ Figures and tokenomics ~
Top-15 rank on CoinMarketCapThe price on 22/01/2024 is $0,75Circulating supply: 9,62b $MATICTotal supply: 10b $MATICMarket cap: $7,2b
As for the token distribution, we can see that almost all tokens are in circulation on the market.
Over the last 4 years, most of the tokens have been issued.
More details on the infographic:
At the moment almost all tokens are centered on one address, I guess this is due to the upcoming migration that we'll talk about later.
This is the conditional address of the main network, but in general, the top 10 addresses hold about 2-4% of the total issue.
In simple words, $MATIC is used to:
Paying transaction feesParticipating in stakingVoting for protocol managementRewarding network support in the Polygon ecosystem
~ How does Polygon work ~
It works on the principle of layer-2 scaling solution.
In other words, improves Ethereum's scalability with sidechains and reduces the gas fees associated with the original blockchain, the PoS model is used.
To make it even clearer, I would say that multiple transfers are grouped into a single transaction outside the main chain and sent to the main chain.
This means that blocks are formed through bridges and sent to the main network in their entirety.
~ Polygon 2.0 concept ~
Polygon 2.0 - a ZK-based L2 chain network, is a set of updates that aim to improve the Polygon ecosystem.
The update is designed to transition to greater community governance of the protocol and treasury.
~ What is the $POL token for? ~
It is proposed to switch from the $MATIC token to the $POL
As stated in the technical documentation, it'll be a next-generation token able to accommodate an ecosystem of ZK-based Layer 2 chains.
It's also worth noting that if you're a simple ordinary MATIC token holder, you don't have to do anything when migrating the token to $POL.
It converts 1:1 over time.
There will be a total of 10 billion tokens.
~ The ecosystem growth model ~
Digging through the documentation, I managed to see a vision of the project growth model by the development team.
The inflow to the Community Treasury of about $50-100 million per year is realistic to expect.
A 10-year growth scenario is also present, depending on chain adaptations:
Most interestingly, we as retail investors in the project are wondering about the price of the ecosystem token itself.
I found this paragraph regarding the $POL price vision:
$5 average price per 1 $POL.
Also, it should be emphasized the low cost of fees and a 50% reduction in running costs per validator in 3 years.
This model looks quite realistic in the near future.
Taking into account all the upcoming updates and improvements we can draw the following conclusion:
Roughly speaking, the token price is currently undervalued by 5 times.
With the upcoming trend on L2 solutions, it would be foolish to overlook this.
~ TA ~
A well-known popular pattern emerges.
Taking into account the previous findings and technical analysis, I assume a move upward to $3.
I'm looking at the chart from a long-term perspective.
That was my sixth episode.
It's my mission to provide specific info on Web3 projects to expand this space.
I'm doing it because, at the beginning of my journey, I would have been happy to find all the info in one pile.
In this work, I tried to close the maximum questions that may have arisen when getting acquainted with Polygon.
Plan for today:
Main idea Team Investments and partnerships Figures and tokenomics How does Polygon work? Polygon 2.0 concept What is the POL token for? The ecosystem growth model TA
Let's dive in:
~ Main idea ~
Polygon solves Ethereum's scalability problem by providing tools that enable scalable and fast DApps due to cheap transaction fees.
It also provides ease of interoperability between different blockchains.
~ Team ~
The team is big and with a lot of experience:
Marc Boiron - CEO
Sandeep Nailwal - co-founder
Jaynti Kanani - co-founder
David Z - CTO, co-founder
Jordi Baylina - co-founder
Antoni Martin - co-founder
Brendan Farmer - co-founder
Daniel Lubarov - co-founder
Bobbin Threadbare - co-founder
Anurag Arjun - co-founder
And also other board and marketing members.
~ Investments and partnerships ~
Polygon has raised a total of $451M in funding over 9 rounds.
Famous names among the partners include Coinbase Ventures, The Spartan Group, DragonFly Capital, Galaxy, Republic, Animoca Brands, Union Square Ventures, etc.
~ Figures and tokenomics ~
Top-15 rank on CoinMarketCapThe price on 22/01/2024 is $0,75Circulating supply: 9,62b $MATICTotal supply: 10b $MATICMarket cap: $7,2b
As for the token distribution, we can see that almost all tokens are in circulation on the market.
Over the last 4 years, most of the tokens have been issued.
More details on the infographic:
At the moment almost all tokens are centered on one address, I guess this is due to the upcoming migration that we'll talk about later.
This is the conditional address of the main network, but in general, the top 10 addresses hold about 2-4% of the total issue.
In simple words, $MATIC is used to:
Paying transaction feesParticipating in stakingVoting for protocol managementRewarding network support in the Polygon ecosystem
~ How does Polygon work ~
It works on the principle of layer-2 scaling solution.
In other words, improves Ethereum's scalability with sidechains and reduces the gas fees associated with the original blockchain, the PoS model is used.
To make it even clearer, I would say that multiple transfers are grouped into a single transaction outside the main chain and sent to the main chain.
This means that blocks are formed through bridges and sent to the main network in their entirety.
~ Polygon 2.0 concept ~
Polygon 2.0 - a ZK-based L2 chain network, is a set of updates that aim to improve the Polygon ecosystem.
The update is designed to transition to greater community governance of the protocol and treasury.
~ What is the $POL token for? ~
It is proposed to switch from the $MATIC token to the $POL
As stated in the technical documentation, it'll be a next-generation token able to accommodate an ecosystem of ZK-based Layer 2 chains.
It's also worth noting that if you're a simple ordinary MATIC token holder, you don't have to do anything when migrating the token to $POL.
It converts 1:1 over time.
There will be a total of 10 billion tokens.
~ The ecosystem growth model ~
Digging through the documentation, I managed to see a vision of the project growth model by the development team.
The inflow to the Community Treasury of about $50-100 million per year is realistic to expect.
A 10-year growth scenario is also present, depending on chain adaptations:
Most interestingly, we as retail investors in the project are wondering about the price of the ecosystem token itself.
I found this paragraph regarding the $POL price vision:
$5 average price per 1 $POL.
Also, it should be emphasized the low cost of fees and a 50% reduction in running costs per validator in 3 years.
This model looks quite realistic in the near future.
Taking into account all the upcoming updates and improvements we can draw the following conclusion:
Roughly speaking, the token price is currently undervalued by 5 times.
With the upcoming trend on L2 solutions, it would be foolish to overlook this.
~ TA ~
A well-known popular pattern emerges.
Taking into account the previous findings and technical analysis, I assume a move upward to $3.
I'm looking at the chart from a long-term perspective.
That was my sixth episode.
It's my mission to provide specific info on Web3 projects to expand this space.
I'm doing it because, at the beginning of my journey, I would have been happy to find all the info in one pile.
In this work, I tried to close the maximum questions that may have arisen when getting acquainted with Polygon.
Will $BTC repeat the 4-year pattern?
Every 3 years we see growth and in the 4th year, we see a correction.
This has happened every cycle and may happen again so let me share my observations with you:
First, if you open the Bitcoin chart on a yearly timeframe, you can see a certain pattern.
Three green candles followed by one red candle.
This leads me to believe we may see a green candle this year and next year.
Of course, I can't say this for sure, as this is the market and we are constantly working with probabilities and trying to look for different patterns to predict the future chart.
But if you compare this chart, all that macro data, and the sentiment of big investors and retailers over the next couple of years, you can conclude that the outcome of this scenario is the most believable.
Okay, we assume that the fourth candle is corrective, so we can expect a continuation of the bull market in 2024 and 2025.
Based on this logic, 2026 should be a bearish year for Bitcoin.
I suggest we come back here in a few years to discuss the results of the current cycle.
Do you believe in this 4-year pattern?
#Bitcoin #BitcoinCycles
Every 3 years we see growth and in the 4th year, we see a correction.
This has happened every cycle and may happen again so let me share my observations with you:
First, if you open the Bitcoin chart on a yearly timeframe, you can see a certain pattern.
Three green candles followed by one red candle.
This leads me to believe we may see a green candle this year and next year.
Of course, I can't say this for sure, as this is the market and we are constantly working with probabilities and trying to look for different patterns to predict the future chart.
But if you compare this chart, all that macro data, and the sentiment of big investors and retailers over the next couple of years, you can conclude that the outcome of this scenario is the most believable.
Okay, we assume that the fourth candle is corrective, so we can expect a continuation of the bull market in 2024 and 2025.
Based on this logic, 2026 should be a bearish year for Bitcoin.
I suggest we come back here in a few years to discuss the results of the current cycle.
Do you believe in this 4-year pattern?
#Bitcoin #BitcoinCycles
$DOGS has been trading for 72 hours and here's what we can say:
First of all, the price held up and did not experience strong selling pressure. Even the negative news with Telegram's CEO didn't affect the token's successful launch into the market.
We saw a 30% increase on the second day after release and the price continues to hold above the first day.
What do I expect now?
I have a theory that Notcoin was the first test project before the main project was launched. As a result, $NOT successfully launched a new narrative and now it's time for the main project - DOGS.
Why, you may ask?
Because it is DOGS that will be applicable to sticker trading in Telegram, which is essentially the innovation that Pavel Durov once talked about.
I know it sounds fantastic, but what if that's how it was intended?
In any case, that's what we're seeing now - a huge focus on the TON ecosystem, the emergence of new memecoins, and even network latency.
But what about the chart?
I still expect a larger price drop like we had with Notcoin. While retail traders will sell their free coins, the big players will collect them like a vacuum cleaner at a discount.
Maybe here we can see my “-60% pattern” working out, too.
But as long as we see a smooth chart formation, it's too early to talk about prediction.
I can say for sure that in the future the price will be much higher than the current level, if we see a successful launch of a new hybrid NFT marketplace with stickers.
Demand goes up - price goes up, remember that.
Do you believe in DOGS?
#DOGSONBINANCE
First of all, the price held up and did not experience strong selling pressure. Even the negative news with Telegram's CEO didn't affect the token's successful launch into the market.
We saw a 30% increase on the second day after release and the price continues to hold above the first day.
What do I expect now?
I have a theory that Notcoin was the first test project before the main project was launched. As a result, $NOT successfully launched a new narrative and now it's time for the main project - DOGS.
Why, you may ask?
Because it is DOGS that will be applicable to sticker trading in Telegram, which is essentially the innovation that Pavel Durov once talked about.
I know it sounds fantastic, but what if that's how it was intended?
In any case, that's what we're seeing now - a huge focus on the TON ecosystem, the emergence of new memecoins, and even network latency.
But what about the chart?
I still expect a larger price drop like we had with Notcoin. While retail traders will sell their free coins, the big players will collect them like a vacuum cleaner at a discount.
Maybe here we can see my “-60% pattern” working out, too.
But as long as we see a smooth chart formation, it's too early to talk about prediction.
I can say for sure that in the future the price will be much higher than the current level, if we see a successful launch of a new hybrid NFT marketplace with stickers.
Demand goes up - price goes up, remember that.
Do you believe in DOGS?
#DOGSONBINANCE