Part 2: Qredo ( $QRDO ) to $80 by May 2022
This is part two of the following prediction, which played out perfectly:
QRDO has been consolidating in a healthy pattern since rejecting the highs close to $10, as predicted, but believe it to be ready for its next move soon. Qredo is very strong fundamentally, with clear top 10/20 potential. Could go much higher, but for TA purposes alone will target $80 here. Clear uptrend with supports holding for bullish continuation, and a recent bullish green kumo twist on daily.
Fundamentals:
- Backed by Wintermute, Coinbase, Kronos, and many others
- Wintermute and GSR on board as market makers
- Over 8 billion dollars in assets under management ( AUM ), increasing steadily. Was 3 billion a few months ago.
- Chosen by El Salvador to custody their Bitcoinization efforts after legalization
- Chosen by Metamask Institutional to facilitate secure DeFi interaction between institutions, market makers, and traders
- Chosen by Openware/Yellow Network to power their cross-chain swaps. Openware platform powers 150+ exchanges worldwide
- Cross-chain atomic swaps with no slippage, with liquidity provided by Wintermute
- Decentralized threshold signatures via MPC
- Allows exchanges to integrate and let users custody their own balances while trading on CEX
Q1 2022 Catalysts:
- Liquidity Hub launch
- Validator buyback program
- Derivative exchange integrations
- More CEX listings
- More L1 integrations, team hinted at
LUNA / Terra, among others
- DAO-based Governance
- Binance Custody appears to be partnering with Qredo as well similar to Metamask Institutional, expecting an announcement there
QRDO has been consolidating in a healthy pattern since rejecting the highs close to $10, as predicted, but believe it to be ready for its next move soon. Qredo is very strong fundamentally, with clear top 10/20 potential. Could go much higher, but for TA purposes alone will target $80 here. Clear uptrend with supports holding for bullish continuation, and a recent bullish green kumo twist on daily.
Fundamentals:
- Backed by Wintermute, Coinbase, Kronos, and many others
- Wintermute and GSR on board as market makers
- Over 8 billion dollars in assets under management ( AUM ), increasing steadily. Was 3 billion a few months ago.
- Chosen by El Salvador to custody their Bitcoinization efforts after legalization
- Chosen by Metamask Institutional to facilitate secure DeFi interaction between institutions, market makers, and traders
- Chosen by Openware/Yellow Network to power their cross-chain swaps. Openware platform powers 150+ exchanges worldwide
- Cross-chain atomic swaps with no slippage, with liquidity provided by Wintermute
- Decentralized threshold signatures via MPC
- Allows exchanges to integrate and let users custody their own balances while trading on CEX
Q1 2022 Catalysts:
- Liquidity Hub launch
- Validator buyback program
- Derivative exchange integrations
- More CEX listings
- More L1 integrations, team hinted at
LUNA / Terra, among others- DAO-based Governance
- Binance Custody appears to be partnering with Qredo as well similar to Metamask Institutional, expecting an announcement there
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