I was hoping this coin would pull back one more time before posting this, but it's looking pretty strong
There is lots of room to the upside here.
Fundamentally,
Syscoin has lots of good news coming up. It has a solid team and is part of the Microsoft Azure network. But DYOR. Here's some upcoming news that should accelerate the price.
Dec 31- Rebranding "Excited for the future of @BlockFoundry & #Syscoin, rebranding as mentioned in PR is all good and on track to launch in December"
Jan 31 - Syscoin is releasing a decentralized marketplace called blockmarket. Kinda like an ebay or amazon, but no middleman taking cuts. They're not the only ones doing this, but its a good thing they have coming "Blockmarket Web 1.0 & Desktop 1.x"
February 28th- Mainnet release for Blockmarket Web 1.0 & Desktop 1.x with Masternodes v1.0. Masternodes will be all the hype in 2018. Kinda like segwit was in 2018. Syscoin already has segwit enabled as well.
It's also worth noting that in order for anyone to own a masternode it costs 10,000 SYS. Masternodes help secure the network and in return the stakeholders receive payouts in SYS. This means that more people with lots of SYS are incentivized to hold onto their coins and decrease the coin supply because they will be earning a passive income. Less coins = Higher price.
Technically,
Syscoin has major divergence showing against the downtrend and price has been bouncing between the ending wedge pattern for 2 months now. If it doesn't rocket to the upside soon, we should hopefully see a healthy pullback to test any where between the .382 or as deep as the .882 of the current impulse. Ive marked with blue arrows.
RSI and stochastics are showing overbought and BTC is down, so it's probable we'll get a pullback if BTC decides to pump like it usually does. However, this market is highly speculative and news tends to push prices beyond their true values so it's hard to tell if it will pullback here.
As always DYOR and keep this one on your radar for early 2018. I believe even if you get in now and it decides to pullback you will still make a profit if you can hodl until February.
There is lots of room to the upside here.
Fundamentally,
Syscoin has lots of good news coming up. It has a solid team and is part of the Microsoft Azure network. But DYOR. Here's some upcoming news that should accelerate the price.
Dec 31- Rebranding "Excited for the future of @BlockFoundry & #Syscoin, rebranding as mentioned in PR is all good and on track to launch in December"
Jan 31 - Syscoin is releasing a decentralized marketplace called blockmarket. Kinda like an ebay or amazon, but no middleman taking cuts. They're not the only ones doing this, but its a good thing they have coming "Blockmarket Web 1.0 & Desktop 1.x"
February 28th- Mainnet release for Blockmarket Web 1.0 & Desktop 1.x with Masternodes v1.0. Masternodes will be all the hype in 2018. Kinda like segwit was in 2018. Syscoin already has segwit enabled as well.
It's also worth noting that in order for anyone to own a masternode it costs 10,000 SYS. Masternodes help secure the network and in return the stakeholders receive payouts in SYS. This means that more people with lots of SYS are incentivized to hold onto their coins and decrease the coin supply because they will be earning a passive income. Less coins = Higher price.
Technically,
Syscoin has major divergence showing against the downtrend and price has been bouncing between the ending wedge pattern for 2 months now. If it doesn't rocket to the upside soon, we should hopefully see a healthy pullback to test any where between the .382 or as deep as the .882 of the current impulse. Ive marked with blue arrows.
RSI and stochastics are showing overbought and BTC is down, so it's probable we'll get a pullback if BTC decides to pump like it usually does. However, this market is highly speculative and news tends to push prices beyond their true values so it's hard to tell if it will pullback here.
As always DYOR and keep this one on your radar for early 2018. I believe even if you get in now and it decides to pullback you will still make a profit if you can hodl until February.
Expect a pullback soon as BTC takes the reigns going into 2018.
However, if we see a dip I will look to add more.