Dangermousebanana

My TOP10 project list - pick number 2/10

Long
GATEIO:CRUUSDT   Crust/Tether
Again, this is only position n° 20 in my portfolio, I chose it to be my second pick because of its short medium term bullishness.

It has just broken out WITH VOLUME out of its 8 month descending bullish wedge (and 18 months accumulation range) putting in a double bottom at the 50 cents level.

This project is still down 99.63% from its 31.05.2021 ATH (all time high) ! This project is as cheap as it can get !! If it where to regain its previous ATH, its price would have to multiply by a factor of 287 times (from its actual today price) !!! Talk about potential.

Of course nobody knows if this project will survive... But I am very positive, since they are well funded and have recently received a multi million funding from DWF Labs, granting them long term financial support.

This is what CRUST aims to be: "Crust Network is a decentralized cloud storage provider which was designed to realize our three core values: decentralization, privacy, and assurance. Crust supports multiple storage-layer protocols such as IPFS, and exposes instant accessible on-chain storage functions to users. Crustʼs technical stack is also capable of supporting data manipulating and computing. Crust Network has three main functions: NFT and Metaverse Metadata storage, personal file storage, and Website/dApp hosting." So they have a sustainable and timely use case !

We are at rock bottom (63 cents at the time writing) !! The Historic Volatility is still at the bottom lows (indicator below). RSI has just broken out and still under 50.00.

This is not financial advice - but I am certainly confident in my investment and may load up some more cheap CRUST in the following days (at the next short term correction).
Comment:
Looking great. Up 200% from entry. Not thinking to take profit yet !! This will grow into double digits.
Comment:
Don't give up on CRUST ! we haven't even started yet !

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.