There's speculation around the Cosmos Telegram, unofficially of course, that a big announcement will be made at DevCon4 here in the remaining days. Some interesting posts, nothing specific though, have made it sound that it likely has to do with Cosmos' partnership ('Hard Spoon') with OmiseGo and possibly could be a hard date given for when the hard spoon snapshot is taken of OMG ERC-20 -0.71% -0.71% holders getting zOMG tokens in the OMG-Cosmos hub.
This is all wild speculation brought on by devs of Cosmos claiming something big is being announced here at DevCon4 and nothing has been announced (yet). While Cosmos has already had their Ethermint session today, with Chris Goes, this upcoming session (guidebook.com/guide/...7233/event/21982325/) is with OMG's head of research. A big block to this potential scenario happening is that Cosmos hasn't officially launched yet, is still in testnet mode (though getting close to wrap-up) and so might not be comfy with giving a date of a hard spoon conversion.
But we'll see...
Technical, chart-wise, OMGETH 0.00% 0.00% is currently showing a near-perfect inverse head and shoulder pattern pointing to a 40% increase soon.
So these are my favorite trades, where the potential fundamentals match up with the potential technicals. So I am long OMG.
This is all wild speculation brought on by devs of Cosmos claiming something big is being announced here at DevCon4 and nothing has been announced (yet). While Cosmos has already had their Ethermint session today, with Chris Goes, this upcoming session (guidebook.com/guide/...7233/event/21982325/) is with OMG's head of research. A big block to this potential scenario happening is that Cosmos hasn't officially launched yet, is still in testnet mode (though getting close to wrap-up) and so might not be comfy with giving a date of a hard spoon conversion.
But we'll see...
Technical, chart-wise, OMGETH 0.00% 0.00% is currently showing a near-perfect inverse head and shoulder pattern pointing to a 40% increase soon.
So these are my favorite trades, where the potential fundamentals match up with the potential technicals. So I am long OMG.
Trade closed manually:
Looks like the OMG social manager incorrectly told the Cosmos social manager months ago to expect a OMG hard spoon update at DevCon... Only problem is the devs didn't know anything about it... And there are no updates and apparently hardly any work being done on it...
So I'm out. Inverse head and shoulders remains but I'll wait for a breakout to play it.
So I'm out. Inverse head and shoulders remains but I'll wait for a breakout to play it.