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jariii
Mar 14, 2021 6:09 PM

SHR setting up for a massive bullrun (800%+ potential)  Long

ShareRing / TetherKuCoin

Description

Recently we've seen SHR retest (and briefly break) its previous all time high in dollars. I consider this to be the first test. If it manages to strongly push through that all time high then it will be in full on price discovery mode and the sky will be the limit. Aiming for around $0.20 - 0.25 as a local top in this case. Keep in mind that this is the ultimate bullish scenario and possibly not the most probable one.

The bounce from the bottom came as Launchpool announced its staking program, allowing SHR holders to stake their coins for a massive (currently over 200%) APY paid out in LPOOL tokens. This staking program will continue for another 70 days from today, and I think that as long as this is the case, people should be FOMOing into SHR as it is still only 2x from the bottom and it has such a tiny marketcap. The real marketcap is much lower than the one reported on CMC, as the real circulating supply is actually estimated to be around 400m - 600m, giving SHR a tiny marketcap of only ~20m. As far as entry points go, anywhere between $0.035 and $0.04 (the current range) is a good buy.
Comments
Forexxxkid
SEND IT!1
OneBlackCat
This is a very good analysis, also including the fundamental analysis as well which rounds up the impression and background of the SHR token.
Indeed it´s a 50x gem as we see extreme use cases (E-Passport, E-Vaccine check, Holiday and Car booking, etc...) and a small Marketcap.
Only reason it didn´t already moon is that hardly anyone shills about it. This will change soon.
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