V0VOLAN

πŸ‚ GEMHUNTING: POLX- 200EMA/SR Flip

Long
KUCOIN:POLXUSDT   Polylastic / Tether
Today I went over micro caps looking for some decent setups and found this 5,747,918$ market cap coin. The price is currently in the area of previous resistance which is currently acting as support. It is also being supported by 200EMA(which is about to appear tomorrow as it's going to be the 200th daily candle) and dynamic support (orange)

Targets: All marked levels on the chart + mid/top of the channel trendline -- if things go right possible long term hold with no specific targets

Not a 100% relevant comparison but "If Polylastic had The Graph's market cap of $4.3B, 1 POLX would be worth $0.47, an upside of 412x" - used BINANCE:GRTUSDT for comparison because both have something to do with indexing stuff.

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About POLX:

Polylastic is a cryptocurrency that operates on the Binance Smart Chain blockchain network. At its core, Polylastic is a bunch of indices that will own assets, which is represented by a bunch of smart money. In a way, it's a bunch of dynamic exchanges that pose an enormous potential in synthetic assets, elastic finance, derivates, artificial intelligence.

Polylastic Index tracks the token performance within the ever-evolving Elastic Finance industry ( EFi ). The index includes the elastic cryptocurrencies, seigniorage tokens, and others, and is weighted on the basis of the value of community support measured by the number of stakers and its market cap.

Why is Polylastic unique?

Polylastic has cutting-edge technology that sets it apart from its competitors. With a wide variety of indices, which are based on off-risk models, aiding in assessing various risk appetites. Through index investing, it streamlines the process of broadening the exposure to the wider crypto market. Besides, the users can gather knowledge and gain rewards through staking the Polylastic tokens, and they will be rewarded for the index's health.

Stakers can allot the stake to any index through support and increasing its weight. With this design, the Polylastic network can capture innovation while keeping the community sentiment and capturing the DeFi space's pulse. Polylastic does this with network taxation, which is distributed 3% each amongst the holders, liquidity on DeX and 3% is burned, thereby ensuring the price remains stable.


Source: kalkinemedia