The ASIC Token's true value is just beginning to be realized.
Below is an Elliot Wave Analysis w/ Fibonacci Sequence levels as a filter to predict the trend of the $ASIC token.
ASICUSDC
The ASIC token is a cryptocurrency ERC-20 Smart Contract that resides on the Ethereum blockchain. Its use is to mine cryptocurrencies just like ASIC Mining hardware is used. Instead of polluting the environment the ASIC token is locked for a month's time and after that time is done the token mints the reward in the cryptocurrency it was assigned to mine. As of today it is used to mine Pulse Bitcoin, a new revolution to the old BTC that is more inclusive to mining for all populations. No need to buy expensive to purchase and expensive to operate machines to mine Bitcoin. After your cryptocurrency has been mined a portion of your ASIC tokens are burned which puts a demand on them.
This token can also be used to mine other cryptocurrencies such as the upcoming Pulse Litecoin.
Back to the Analysis:
This coin is currently on a bull run as we can see higher highs and higher lows. Using the Elliott Wave Theory. I've plotted the Impulse Wave points on the chart. This evidence is based on many other crypto's as well as $TSLA. The end of the 3rd wave (in Logarithmic view) ends at around the 12.236 Fibonacci zone. Wave 5 normally between 12 ~ 24.236 but in some cases shoots past that.
Sometime in the near coming months the $ASIC token should be winding up between $20 and $30 per coin ending Wave 5 of the Impulse Wave and starting a longer term correction.
The ASIC token is a cryptocurrency ERC-20 Smart Contract that resides on the Ethereum blockchain. Its use is to mine cryptocurrencies just like ASIC Mining hardware is used. Instead of polluting the environment the ASIC token is locked for a month's time and after that time is done the token mints the reward in the cryptocurrency it was assigned to mine. As of today it is used to mine Pulse Bitcoin, a new revolution to the old BTC that is more inclusive to mining for all populations. No need to buy expensive to purchase and expensive to operate machines to mine Bitcoin. After your cryptocurrency has been mined a portion of your ASIC tokens are burned which puts a demand on them.
This token can also be used to mine other cryptocurrencies such as the upcoming Pulse Litecoin.
Back to the Analysis:
This coin is currently on a bull run as we can see higher highs and higher lows. Using the Elliott Wave Theory. I've plotted the Impulse Wave points on the chart. This evidence is based on many other crypto's as well as $TSLA. The end of the 3rd wave (in Logarithmic view) ends at around the 12.236 Fibonacci zone. Wave 5 normally between 12 ~ 24.236 but in some cases shoots past that.
Sometime in the near coming months the $ASIC token should be winding up between $20 and $30 per coin ending Wave 5 of the Impulse Wave and starting a longer term correction.