1/ Would you like to see more analysis over #ESDT's like $ZPAY? Looks to me like @ZoidPay is in full-on price discovery mode vs. $egld! This is not a battle between zpay & egld; if the underlying asset $egld is performing well, any gains on this chart become "mulitpliers" in $usd
2/ This "early stage" region was basically washing amongst traders. People knew less about $zpay back then. Circled in blue where Support first failed, the mode switched to finding a new floor. "Where will demand meet supply?"
3/ It didn't take long for a new floor to be found. From there, price began riding the middle Bollinger Band and even had several spikes upwards that pushed the extent of the top BB. This is indicative that demand is present!
4/ The bounce off of the "New floor found" pushed up to test that "early stage resistance" level, and that level became support. Broken support can become resistance, and here we saw that broken resistance became support. The floor rose higher as the Bollinger Bands tightened...
5/ Just like before when price first pushed past resistance, we see price riding the upper BB. Price is in full-on discovery mode!
6/ Now here's where the fun begins! 😊 Will demand continue to push the extent of the upper BB? Maybe demand needs to cool off some and just as before will find a horizonal channel to move through. Maybe some hodlers will take some chunks off the table, causing a retest lower?
7/ That's always for you to decide #NFA but ask yourself why people would want to #hodl $zpay... 🤔 Does it seem like a useful asset? Does it have a promising future?
8/ Just like everyone got excited about @ElrondNetwork acquiring @twispay, @ZoidPay seems to have their own bank acquisition just around the corner. This was big news that @eduardoneci announced during our interview with him earlier this month!
9/ @ZoidPay has found its place among (and ahead of) the big dawgs on Maiar DEX, and it really does seem this is only the tip of the iceberg. 🔥
10/ This growth is especially note-worth because $egld has not established any sort of uptrend. We are close, but we need a few solid movements and price ranges to establish before we can get too excited...
11/ All this to say, I think we are in for some pretty exciting times ahead! @ElrondNetwork@ZoidPay
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👉Before #xExchange, every $egld I had staking wasn't going to move anyways. Now I have locked ~50% of my portfolio 4 years & I'm earning more passive $EGLD now than EVER before. I've got data to prove it.💯 1st class?! 🧵
My fully-charged $xMEX now accounts for only about 50% of my entire portfolio and by itself, it is producing MORE $EGLD than before at a time when I had 100% of my entire portfolio staked $EGLD.
3/ "but Stephen you're in the Tesla DEX league this isn't relatable to others"
^of course this would be an incorrect statement. It does not matter if you have $5 of $EGLD vs. $5 of $MEX. Every dollar put into $MEX is presently generating more $EGLD than staking $EGLD.
1/ Have you watched my latest #BTC analysis? I mentally prepare you for the 🩸📉 we're seeing today!
Consolidation is a psychological battle!🤺 The victor must prove itself continually before trending onwards; longer battles imply stronger forces. 🧠 🧵
2/ I'm using a metaphor of a battle to describe the process of consolidation, which refers to the strengthening and solidifying of a position or entity, in this case, #bitcoin.
In this metaphor, the "victor" is the entity or position that successfully consolidates itself. 🪖🫡💪
3/ Consolidation is a critical process in which an entity or position is strengthened and solidified over time. Rather than being a one-time event, consolidation is an ongoing process that requires consistent effort and attention to maintain and strengthen the position.
• 1,269 days ago $egld (BEP-20) launched on @binance launchpad.
• 862 days $EGLD main network launched (Layer-1).
• Avg. 75k transactions per day among 2M erd addresses.
• #DeFi on $EGLD is 386 days old.