The 4-day chart above is showing us bullish divergence between price action and the oscillators, specifically with stochastic RSI and the Money Flow index (MFI) crossing to the upside.
The 1st target is an astonishing 500% away until the golden ratio.
10-day USD chart - impressive Dragonfly DOJI
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Thant was quick, 30% so far - just getting started by the looks of it.
This growth is extremely bullish for not only PegNet but for Factom too because FCT burning is one of the main gateways to get PEG tokens for the time coming.
Therefore, if PegNet continues to grow at its current rates, we can anticipate a decent amount of FCT tokens to shrink out of circulation by those who want to put their hands on PEG – leaving the remaining FCT holders with a much higher value on their tokens.
publish0x.com/bullsquad/3-crypto-projects-with-burning-mechanism-you-must-be-aware-o-xqvdpp