Komodo - If you're gonna hodl shitcoins, hodl this one..
Title says it all. If you still want exposure to alts through this great time of crypto tears, Komodo is one of the best options there is. Bear(haha!) in mind this idea is for a long term trade.
It has the best features across the shitcoin space in one coin, with the additional benefit of using the Bitcoin hashrate (most secure computing network in the world) to validate the KMD network:
- Privacy focused with Zero Knowledge Proofs
- Fully functional Dex using Atomic Swaps
- Delayed Proof of Work utilises the Bitcoin network to secure KMD
- Decentralised ICO platform (in the face of increasing ICO regulation)
- Highly active and committed dev team with prior crypto experience (creaters of BTCD)
- POS with 5% annual return
In terms of technicals, the price looks steady in a high volume buy zone, sell volume is non existent after the intense buying during the December alt rally, just a slow bleed down with the rest of the alts. This crash has so far been the least severe compared to the previous two significant crashes. As mentioned before, this is a long term trade so in the short-medium term do not expect a rally unless the majority alt space gets some relief pumps. We could continue bleeding to the red box and even beyond if crypto gets rekt enough. Long term, however, this coin is poised to be one of the strongest coins in the market and should offer over-performance compared to the less viable, yet overly hyped coins (*ahem* dash, tron), as greater liquidity and interest enters the market in search of technological value in the next crypto bull cycle. So if you want to reduce risk, perhaps buy in pieces over the next few months.
komodoplatform.com/
It has the best features across the shitcoin space in one coin, with the additional benefit of using the Bitcoin hashrate (most secure computing network in the world) to validate the KMD network:
- Privacy focused with Zero Knowledge Proofs
- Fully functional Dex using Atomic Swaps
- Delayed Proof of Work utilises the Bitcoin network to secure KMD
- Decentralised ICO platform (in the face of increasing ICO regulation)
- Highly active and committed dev team with prior crypto experience (creaters of BTCD)
- POS with 5% annual return
In terms of technicals, the price looks steady in a high volume buy zone, sell volume is non existent after the intense buying during the December alt rally, just a slow bleed down with the rest of the alts. This crash has so far been the least severe compared to the previous two significant crashes. As mentioned before, this is a long term trade so in the short-medium term do not expect a rally unless the majority alt space gets some relief pumps. We could continue bleeding to the red box and even beyond if crypto gets rekt enough. Long term, however, this coin is poised to be one of the strongest coins in the market and should offer over-performance compared to the less viable, yet overly hyped coins (*ahem* dash, tron), as greater liquidity and interest enters the market in search of technological value in the next crypto bull cycle. So if you want to reduce risk, perhaps buy in pieces over the next few months.
komodoplatform.com/
Comment:
Potential danger zones for bulls marked in the coloured rectangles, and possible paths for price for both bull/bear scenarios illustrated using prior price action.
Let's see where we go from here.. should note that this slight relief from the downtrend is echoing across the alt space.