NFVeej

CRUST: About to test long term downtrend!!

Long
HTX:CRUUSDT   Crust / Tether USD
Crust has found support down in this range and is forming a falling wedge pattern which is a bullish pattern.

It's also down 99.6% since its ATH $178!? Theres been small volume coming in, its been in a range and is about to test its long term downtrend-line.

  • This is a legitimate WEB3 Project which has been building the whole time
  • They have kept active in the community, attending multiple hackathons recently all over the world
  • They have continued partnerships, with the list growing each month
  • Their mainnet has been live for 12 months with out any outages
  • They are currently auctioning for a Polkadot parachain slot

What is Crust?
Crust provides a decentralized storage network of Web3 ecosystem. It supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to application layer. Crust's technical stack is also capable of supporting a decentralized computing layer. It is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Current node count: 2015 nodes
Current storage capacity: 868,326 TB

Over half Crusts Total Supply of 24,988,629 tokens is on the market with a circulating Supply of: 14,120,297 and a current market cap of $11,709,983. Previously, It only took a total market cap of just over $106 Million for the price to hit $155-175. Filecoin has a current market cap of over 1.8 Billion!

Can it happen again? Who knows. Can it go down further, of course! What I do know is this might suit the value investor.

Not financial advice.

VJ





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.