Just another coin with increasing momentum yet in beginning stages of bull run Its has broken and sitting above last resistance on weekly time frame. It will be the one of the few coins which will explode first when altcoins recover
Don't get me wrong I would love to see this coin making 30x-40x but what is the reason behind that idea. Isn't it a bit too much? :)
prakashgp
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@infuckingdeed, There are coins which gave 50x-150x returns. So this is not an impossible target. Rest is all about trailing profits until it keeps going up.
infuckingdeed
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@prakashgp, I agree there are some coins that gave 50x-150x returns but this coin already has a 10.7b market cap. I'm not saying it is not possible but it is hard.
overall its a great project with great team members. Prominent investors launch Bullish Global with 10B in funding and announce the 2021 launch of new cryptocurrency exchange, named "Bullish". Really interesting. 40x possible indeed
prakashgp
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@infuckingdeed, Yes, I might be wrong and i am not good at fundamental analysis. I think about it just as a possibility.
There are few reasons that made me believe this: 1) Overall Bull season and Bitcoin is still at 1/3 rd of expected target 2) EOS was in long term consolidation and it just broke out, still in early stages. In crypto most breakouts give 10 - 20 fib extensions targets easily
thriftyTacos14850
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all his friend went 30x but he was 5x.the best China ranking crypto for many years ever upper than eth
thriftyTacos14850
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do you have any fa behind that idea?
prakashgp
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@thriftyTacos14850, No, Only technical analysis and being in bullish season
ehsankhademmola
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While we were all asleep, the whales transferred $ 700 million worth of EOS.
What is the reason for that?
This is the second time that large transfers have taken place. This is very important
Mandreasen
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@ehsankhademmola, Do you feel they will dump to force people to sell and buy it all up around the 5 dollar range?