Moonriver is a very sophisticated,fast paced and easy to work layer 1. This is EVM friendly and has been in design for years with the assistance of Dr. Gavin Wood. MMOVR so far has been the most successful parachain in the Kusama network, mainly in terms of explosive price appreciation and a vibrant loyal community. 87% of Crypto Twitter believes that MMOVR has the best meme power in Dotsama ecosystem AND also the best Tokenomics. Don't forget that there are no VC, private or team allocation in the 10m supply. The supply is in the hand of the dotsama community. There are multiple dexes already listing IDOs and NFTs collections. The first Moonsama batch already has a 50 MOVR floors which is impressive. There is hype with Moonriver. All the main influencer want to load up more. We are in whale discovery mode.
This thesis proposes the increase in price from the $300 area towards the $1700 for a full extension and the next major target . Solid place to unload and take profits. TD Sequential indicator called the 9 sell top during the first extension. Now we have complete a 9 sequence to the downside and there is high probability of a reversal and continuation attempt wit this 9 buy signal. A 3 GREEN daily candle and a daily close above the $400 will seal the deal.
This trade has a lot of potential. The marketcap gap between Moonriver and other competitors like BNB, ADA, SOL, AVAX etc is ridiculous. Plus Coinbase and Binance listings are high probable because both projects publicly support the work of the Moonbeam foundation. Expect collaborations with SUSHI and CREAM any day now.
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