ridethepig | NMR Market Commentary 2020.08.08
Updated
📌 A timely update to the NMR BTC chart after almost completing the retrace.
Although AUM is still under 150m, it only highlights how undervalued NMR is. The number of stakers doubled since Q12020 from 300 to 600 and total stakes are now up to +/- 3.5M. The foundations are strong and in this position we are going to overprotect the support as follows:
The impatient will commit the strategic error of taking profit and underestimating the importance of 🔑 support at 140k/150k sats and with Erasure (decentalised data markets) the correct course for the game it is a good example of a crypto application that could not have existed a few years ago.
BTC breaking on the log chart is a game changer and will trigger the widespread inflows across the Crypto board. Buyers confirming the breakup deserve victory.
Although AUM is still under 150m, it only highlights how undervalued NMR is. The number of stakers doubled since Q12020 from 300 to 600 and total stakes are now up to +/- 3.5M. The foundations are strong and in this position we are going to overprotect the support as follows:
The impatient will commit the strategic error of taking profit and underestimating the importance of 🔑 support at 140k/150k sats and with Erasure (decentalised data markets) the correct course for the game it is a good example of a crypto application that could not have existed a few years ago.
BTC breaking on the log chart is a game changer and will trigger the widespread inflows across the Crypto board. Buyers confirming the breakup deserve victory.
Trade active
Trade closed: target reached
Clean and simple... thanks for playing all.Note
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