GOLDFINCH FLYING HIGH. RETRACMENT + BUYING OPPURTUNITIES??
Goldfinch aims to be the poster child for real world assets (RWAs), in particular pertaining to decentralized global credit. And with backing from the likes of Coinbase Ventures, its chances of doing so are exceptional. It's mission is to provide an on-chain marketplace and protocols for trillions of dollars of private capital and debt, allowing millions of people access to funds that they otherwise wouldn't be able to reach; for instance, businesses and borrowers in emerging economies. In fact, Goldfinch has already facilitated the loaning of $100 million across 28 countries, with end borrowers in the 100s of thousands. In the world of RWAs, it's potentially a sleeping giant, that will foster equality of opportunity in a way that traditional banking doesn't allow.
Its token, GFI, allows for governance voting, credit backer staking, community grants and incentives. Recently it has pumped hard. Its now either overbought or approaching overbought on the higher time frames (4H, 1D, 1W). If you didn't get in before the recent pumps, there may be more discount buying opportunities soon (with some commentary stating GFI could go to triple figures in this bull run.... if your more risk orientated, maybe you will choose not to wait for a dip). I have an average buy price of $0.93 and happy with my bag, but with the RWA narrative gaining momentum, I may entertain the idea of buying some more at the green circles (Fib+trend line and/or resistance/support confluence areas). The Fib is drawn from the final breakout test from the last 'significant' bull flag, so I wouldn't expect price to trace as far back as the 0.786 ($2.2) in a full bull run. However, I have great confidence in GFI as a long term project, so I will in fact start DCAing back in here significantly. The reason for this confidence is due to how early we are in the grand scheme of things with regards to decentralized finance protocols. It's equivalent to the early days of the internet, and if Goldfinch achieves it's lofty aim, it could be the biggest name worldwide in on-chain lending.
Its token, GFI, allows for governance voting, credit backer staking, community grants and incentives. Recently it has pumped hard. Its now either overbought or approaching overbought on the higher time frames (4H, 1D, 1W). If you didn't get in before the recent pumps, there may be more discount buying opportunities soon (with some commentary stating GFI could go to triple figures in this bull run.... if your more risk orientated, maybe you will choose not to wait for a dip). I have an average buy price of $0.93 and happy with my bag, but with the RWA narrative gaining momentum, I may entertain the idea of buying some more at the green circles (Fib+trend line and/or resistance/support confluence areas). The Fib is drawn from the final breakout test from the last 'significant' bull flag, so I wouldn't expect price to trace as far back as the 0.786 ($2.2) in a full bull run. However, I have great confidence in GFI as a long term project, so I will in fact start DCAing back in here significantly. The reason for this confidence is due to how early we are in the grand scheme of things with regards to decentralized finance protocols. It's equivalent to the early days of the internet, and if Goldfinch achieves it's lofty aim, it could be the biggest name worldwide in on-chain lending.