My perspective at evaluating this token is as a retail investor that knows only the basic functions of blockchain technology and very little about the technical aspects of it.
PROS:
-Speaking from a technical analysis of the chart and the tokens position in comparison to other tokens, there is a lot of growth potential.
-CEO and Founder of the developing company, Brainbot Technologies AG, of Raiden worked as a core developer and consultant on the Ethereum project.
-Project Manager earned a Master’s Degree, Management of Creative Business Processes,
from Copenhagen Business School.
-Young and seemingly very intelligent group of individuals working on this project.
CONS:
-Low trade volume.
-Highly susceptible to manipulation.
-Low visibility (ranked 186 on coinmarketcap.com as of 9:11 AM EST, 15 JUL 2018).
-Low number of active/ participating followers/ supporters of the project.
-No whitepaper.
-Grammatical errors on the Raiden website. Nothing terrible, but there are some mechanical and sentence structure errors.
-Does not seem to offer anything better or different, as far as utility, than other major tokens.
-Somewhat vague statements on their FAQ. Examples: “The Raiden Network is not intended to support large value transfers.” (what is large?) and “There is a working implementation of µRaiden, which will be deployed on the Ethereum mainnet shortly.” (what is shortly?)
-No roadmap.
-Dead link on the Raiden webpage. Starting at the home page: Click “Token” (top right) then click “Developers” (top right) you will then get a 404 error.
-There is only one mention to the company that is developing the token, Brainbot Technologies AG, hidden deep in the FAQ, where it is only referenced as “brainbot”.
-There is no link to the developing company’s website from the Raiden.network website.
-Brainbot Technologies AG’s website makes no mention of the Raiden project.
-The Project Manager for Brainbot Technologies AG is also the Project Lead for Trustlines Network.
-Brainburst Technologies AG seems to be working on multiple projects with a relatively small staff.
-Founder and CEO of Brainbot Technologies AG has had 18 years to build his company.
-Several small problems to be found between all of the projects, websites, community management practices and business management practices.
Overview and how to approach:
The company has had plenty of time since its founding to become something more than what it is now. This would lead one to believe that there are poor business practices in play and should be overhauled if it is not in the process of doing so already. The team is young and has a lot of knowledge and experience with development of the product, but seems to either lack business management and community management leadership or the leadership is too stretched out over many projects. Additionally, the token does not seem to offer anything different or unique than other tokens (*reminder* I am a layman when it comes to the technical aspect and am evaluating this based off of face value).
I would not invest into this token unless your portfolio is in a position that it can take on long term extremely high risk investments. There are other tokens out there that can be invested into that are much more reliable to get consistent gains out of. Volatility is everywhere currently and probably will be for the next few years. You do not need to invest in low market cap tokens in hopes to make decent gains in the current state the market is in.
Technical Analysis:
We have some similarities from the last run up showing themselves again here located in the red outlined circles showing some potential of a breakout in the relative near future. We are currently in a falling wedge. I would allow this to play out and wait for a close and retest above the top of the falling blue wedge trend line before making any actions.
PROS:
-Speaking from a technical analysis of the chart and the tokens position in comparison to other tokens, there is a lot of growth potential.
-CEO and Founder of the developing company, Brainbot Technologies AG, of Raiden worked as a core developer and consultant on the Ethereum project.
-Project Manager earned a Master’s Degree, Management of Creative Business Processes,
from Copenhagen Business School.
-Young and seemingly very intelligent group of individuals working on this project.
CONS:
-Low trade volume.
-Highly susceptible to manipulation.
-Low visibility (ranked 186 on coinmarketcap.com as of 9:11 AM EST, 15 JUL 2018).
-Low number of active/ participating followers/ supporters of the project.
-No whitepaper.
-Grammatical errors on the Raiden website. Nothing terrible, but there are some mechanical and sentence structure errors.
-Does not seem to offer anything better or different, as far as utility, than other major tokens.
-Somewhat vague statements on their FAQ. Examples: “The Raiden Network is not intended to support large value transfers.” (what is large?) and “There is a working implementation of µRaiden, which will be deployed on the Ethereum mainnet shortly.” (what is shortly?)
-No roadmap.
-Dead link on the Raiden webpage. Starting at the home page: Click “Token” (top right) then click “Developers” (top right) you will then get a 404 error.
-There is only one mention to the company that is developing the token, Brainbot Technologies AG, hidden deep in the FAQ, where it is only referenced as “brainbot”.
-There is no link to the developing company’s website from the Raiden.network website.
-Brainbot Technologies AG’s website makes no mention of the Raiden project.
-The Project Manager for Brainbot Technologies AG is also the Project Lead for Trustlines Network.
-Brainburst Technologies AG seems to be working on multiple projects with a relatively small staff.
-Founder and CEO of Brainbot Technologies AG has had 18 years to build his company.
-Several small problems to be found between all of the projects, websites, community management practices and business management practices.
Overview and how to approach:
The company has had plenty of time since its founding to become something more than what it is now. This would lead one to believe that there are poor business practices in play and should be overhauled if it is not in the process of doing so already. The team is young and has a lot of knowledge and experience with development of the product, but seems to either lack business management and community management leadership or the leadership is too stretched out over many projects. Additionally, the token does not seem to offer anything different or unique than other tokens (*reminder* I am a layman when it comes to the technical aspect and am evaluating this based off of face value).
I would not invest into this token unless your portfolio is in a position that it can take on long term extremely high risk investments. There are other tokens out there that can be invested into that are much more reliable to get consistent gains out of. Volatility is everywhere currently and probably will be for the next few years. You do not need to invest in low market cap tokens in hopes to make decent gains in the current state the market is in.
Technical Analysis:
We have some similarities from the last run up showing themselves again here located in the red outlined circles showing some potential of a breakout in the relative near future. We are currently in a falling wedge. I would allow this to play out and wait for a close and retest above the top of the falling blue wedge trend line before making any actions.