Mr. Heart has created an interesting token with a fun take on game theory in the world of crypto finance, even if you just throw a meager amount of ETH at this, it's still a fun exercise in patience. I still have many active stakes on this platform and, I've never been one to shill coins, I will continue to interact with these contracts as long as they are functional.
I only chart this because I thought this was a cool projects form the start and invested a small amount of ETH from day one. The locked up assets performed really well and now I'm looking at the chart thinking that a 3X return from this price would not surprise me. Are there other better "sure" bets out there, tons of em in crypto. Having been in from day one is usually how to trade cryptos, obviously, but buying at the bottom of a new uptrend is also quite profitable. This would be a longer hold (in crypto terms) because, even if Hex doesnt pump in the near term, you can still just lock it up in a contract and receive rewards, lately those rewards have been paying around 15% to 25% daily interest. And yes, there are several contracts calls on ETH to unlock your rewards and essentially mint your hex from the contract, but this process makes actually having a grasp on how Ethereum works pretty valuable in terms of navigating gas prices which are still pretty high due to NFT, DeFi activity on-chain.
The technicals on the chart show some MAs moving up suggesting a continuation of the pump. The 20 DMA in orange is beginning to curl upwards towards the blue 200 DMA which is acting as resistance. The RSI is set to a higher overbought condition as this pair seems to oscillate and reach very quick highs and then revert. A breakout of these downward resistance levels could result in some quick gains up. Of course, depending on market conditions as a whole we could see a retest of the bottom trendline.
I only chart this because I thought this was a cool projects form the start and invested a small amount of ETH from day one. The locked up assets performed really well and now I'm looking at the chart thinking that a 3X return from this price would not surprise me. Are there other better "sure" bets out there, tons of em in crypto. Having been in from day one is usually how to trade cryptos, obviously, but buying at the bottom of a new uptrend is also quite profitable. This would be a longer hold (in crypto terms) because, even if Hex doesnt pump in the near term, you can still just lock it up in a contract and receive rewards, lately those rewards have been paying around 15% to 25% daily interest. And yes, there are several contracts calls on ETH to unlock your rewards and essentially mint your hex from the contract, but this process makes actually having a grasp on how Ethereum works pretty valuable in terms of navigating gas prices which are still pretty high due to NFT, DeFi activity on-chain.
The technicals on the chart show some MAs moving up suggesting a continuation of the pump. The 20 DMA in orange is beginning to curl upwards towards the blue 200 DMA which is acting as resistance. The RSI is set to a higher overbought condition as this pair seems to oscillate and reach very quick highs and then revert. A breakout of these downward resistance levels could result in some quick gains up. Of course, depending on market conditions as a whole we could see a retest of the bottom trendline.
Comment:
This is a good retest of the breakout. It's hard to say where this one will go, but I'll likely be keeping what I have and re-staking it (provided gas doesnt cost 1 ETH)