WABI/BTC has been in a strong downtrend for years now.
Even the last alt season merely brought it back up to re-test the previous monthly resistance zone before falling back down.
That being said, in a decentralized market do many coins go to absolute zero? If every centralized exchange delists a coin we have a growing number of decentralized exchanges which theoretically would continue to allow it to be a tradable asset. Please correct me if I am wrong. I'm sure there are people who run the decentralized exchanges who may be able to delist tokens. It would often be in people's best interest for them to be able to do so, particularly if the coin turns out to be a scam and to prevent further people from losing their money to it.
As far as legitimate coins go, during alt seasons everything will pump vs. btc. I'm not sure how active Wabi is anymore but it was a large enough project at one point to where I think it may have another major pump left in it.
As far as Wabi goes, I can conjecture that it will form a 'w' double bottom vs bitcoin before breaking upward some time in the next 6 months.
Once it surpasses 3000 satoshis it is a sell. Don't hold onto it any longer than that.
This chart has been created as per request
Even the last alt season merely brought it back up to re-test the previous monthly resistance zone before falling back down.
That being said, in a decentralized market do many coins go to absolute zero? If every centralized exchange delists a coin we have a growing number of decentralized exchanges which theoretically would continue to allow it to be a tradable asset. Please correct me if I am wrong. I'm sure there are people who run the decentralized exchanges who may be able to delist tokens. It would often be in people's best interest for them to be able to do so, particularly if the coin turns out to be a scam and to prevent further people from losing their money to it.
As far as legitimate coins go, during alt seasons everything will pump vs. btc. I'm not sure how active Wabi is anymore but it was a large enough project at one point to where I think it may have another major pump left in it.
As far as Wabi goes, I can conjecture that it will form a 'w' double bottom vs bitcoin before breaking upward some time in the next 6 months.
Once it surpasses 3000 satoshis it is a sell. Don't hold onto it any longer than that.
This chart has been created as per request