RALLY just created a double bottom and then rose to over 30%+ while forming a hidden bullish divergence. The only concerning thing is the Volume.
On the fundamentals side:
"Rally is an open network that enables creators to launch vibrant and independent economies with their communities powered by the ethereum blockchain."
PROS:
- Coinbase is heavily involved in this project. With Coinbase Ventures as one of their biggest backers and their co-founder and Ex-CTO as their advisors. Possible Coinbase listing soon?
- EVP of Warner Bros. is also an advisor
- They are holding a Token Sale on Coinlist coming April 1. Chances of you buying from it are slim though, since over 100k are already registered and the queue will be random come April 1 00:00 UTC. Still 100k people are already exposed to it despite it not being listed on big exchanges yet like Binance or Coinbase.
- The band "Portugal The Man" is already heavily using the platform and promoting it.
CONS:
- The circulating supply vs the max supply is scarily low.
- Since it's built on Ethereum, gas fees could be an issue.
The rewards outweigh the risk for now though, so I'd say it's a good buy. I've gotten in at around $0.90 and will be adding some more here. Obviously, not financial advice, and it could still go down for a bit before it moons, so DYOR and use your own judgment. Peace!
On the fundamentals side:
"Rally is an open network that enables creators to launch vibrant and independent economies with their communities powered by the ethereum blockchain."
PROS:
- Coinbase is heavily involved in this project. With Coinbase Ventures as one of their biggest backers and their co-founder and Ex-CTO as their advisors. Possible Coinbase listing soon?
- EVP of Warner Bros. is also an advisor
- They are holding a Token Sale on Coinlist coming April 1. Chances of you buying from it are slim though, since over 100k are already registered and the queue will be random come April 1 00:00 UTC. Still 100k people are already exposed to it despite it not being listed on big exchanges yet like Binance or Coinbase.
- The band "Portugal The Man" is already heavily using the platform and promoting it.
CONS:
- The circulating supply vs the max supply is scarily low.
- Since it's built on Ethereum, gas fees could be an issue.
The rewards outweigh the risk for now though, so I'd say it's a good buy. I've gotten in at around $0.90 and will be adding some more here. Obviously, not financial advice, and it could still go down for a bit before it moons, so DYOR and use your own judgment. Peace!
Trade active:
Up 20%+ and starting to break out of the triangle now. :)
Trade active:
We have liftoff!!!!