Ripio Credit Network $RCN, An Ideal After Party Entry Idea!
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Well it was a nice pump that honestly i didn't catch it up. 109% is amazing number in bear market tho. Really. Despite regretting what happened, let's take a look towards the future forecast and hope that the gains be with us this time on RCN.
I'm shocked that this is the first time that I have research on RCN, because it has many exchanges listing them actually. Name a few: Binance, Bittrex, Upbit, OKEx, Huobi, and few others. I be like, damn, I should read a lot more towards certain project and allocate more time in researching potential project like this one.
Well, let's talk about fundamental. RCN has 1 billion total supply and half of them are on the circulating. Which with only $15 millions marketcap RCN ranked as #279 on coinmarketcap at the current moment. RCN's project topic is on financial matter, which the RCN protocol connects lenders and borrowers all over the world in any currency through RCN tokens.
I have checking on their GitHub and i know they lack on participants here, but then i checked the roadmap. Something is catching my attention: ERC939? What?
Hmm this is interesting, are they trying to leave Ethereum network? Well, it's not a surprise lately. I've read and found lots of tokens moving out from ERC-20 protocol standart because of a certain problem. Which Nowadays, some already successfully developing and swap to their own network, for example TRX and AION.
I think it will be great for them as long as they can keep the project alive, because, you know, it need a lot of hardwork to do so.
Judging from the technical side to get the short term idea of this chart that i see after party, the price action need to chill down a bit along with the RSI. It's quite healthy at the moment. As I spot on 409 sats can be juicy entry based on few candles back. Right now it's @ 470 sats.
The second entry will at range 288 - 254 sats, which I think this unlikely to happen as long as BTC movement above $6200. Well, let's see. The short term target are 602 sats and if we could gain the mass back, we'll be lucky enough to get back to 817 sats at this bear market.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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I'm shocked that this is the first time that I have research on RCN, because it has many exchanges listing them actually. Name a few: Binance, Bittrex, Upbit, OKEx, Huobi, and few others. I be like, damn, I should read a lot more towards certain project and allocate more time in researching potential project like this one.
Well, let's talk about fundamental. RCN has 1 billion total supply and half of them are on the circulating. Which with only $15 millions marketcap RCN ranked as #279 on coinmarketcap at the current moment. RCN's project topic is on financial matter, which the RCN protocol connects lenders and borrowers all over the world in any currency through RCN tokens.
I have checking on their GitHub and i know they lack on participants here, but then i checked the roadmap. Something is catching my attention: ERC939? What?
Hmm this is interesting, are they trying to leave Ethereum network? Well, it's not a surprise lately. I've read and found lots of tokens moving out from ERC-20 protocol standart because of a certain problem. Which Nowadays, some already successfully developing and swap to their own network, for example TRX and AION.
I think it will be great for them as long as they can keep the project alive, because, you know, it need a lot of hardwork to do so.
Judging from the technical side to get the short term idea of this chart that i see after party, the price action need to chill down a bit along with the RSI. It's quite healthy at the moment. As I spot on 409 sats can be juicy entry based on few candles back. Right now it's @ 470 sats.
The second entry will at range 288 - 254 sats, which I think this unlikely to happen as long as BTC movement above $6200. Well, let's see. The short term target are 602 sats and if we could gain the mass back, we'll be lucky enough to get back to 817 sats at this bear market.
*************************************************************************
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
-------------------------------------------------------------------------
tradingview.com/u/blockchaindedi Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform
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Nota
Missed an entry on this bang bang 20% :(
Penafian
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