Even after recent rise, I believe this idea is still great! Time will tell... Raiden (RDN) is an off-chain scaling solution optimizing ERC20-compliant token transfers on the Ethereum blockchain. It is Ethereum's version of Bitcoin's Lightning Network, enabling near-instant, low-fee, scalable, and privacy-preserving payments. There are many reasons why RDN should/will double (and I belive double is an understatement). They include very advanced/innovative technology, upcoming announcements out of Ethereum foundation, undervalued/too low market cap, etc., but now there are technical indicators to suggest another push/increase is in the cards, break out to the upside. I think RDN will have a great future. If you are believer, push the thumb below :) Thank you
A bit of a long shot, but definitely a possible future formation:
Trade active
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Trade entered at 0.3036. currently we are at Elliott Wave leg 4, then 5 up to complete larger leg 3(c above)