"The killer application" of Ethereum family!
Updated
"The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments."
Reads the Raiden website.
Fundamental
I've had Raiden for a decent amount of time now (added to portfolio spreadsheet 6 December), and while it is up, it has not impressed. If you consider the growth in the overall market it should have done much better.
But let's focus on the future. I believe Raiden could have a good one. And if you're not already in, I think Raiden is undervalued and a good buy for the day.
So.. What's attractive about the Raiden Network?
It's Ethereums try for an off-chain solution, the competitor of Lightning Network sort to speak! (read Buterin's blog post about scaling)
And it's needed. People are pouring into crypto, and the tech havent been able to keep up.
It's expensive to move money around this ecosystem now, atleast if you dont really know what you are doing.
What about Plasma, what if it replaces Raiden?
Thats far into the future and have to be addressed when the time is right. But I concluded with FUD after researching the matter.
My portfolio is not very connected to the Ethereum family.
As I am not very bullish on Ethereum as a whole.
Raiden is my counterbet, sorta.
Sidenote:
Notice how the major coin pumps lately have happened on Binance? (TRON, VERGE, AERON etc..)
It's because that's where the new money are pouring. It's one of the few that has open sign-ups and a lot of volume.
In the next weeks when I eventually go hunting for new coins, Binance will be my playfield.
Raiden is on Binance btw ;)
Technical
Charting these BTC pairs is not my favorite thing to do but lets what I got :)
I think we could see an ordinary impulse wave from Raiden, and I marked the areas where I think the highs and low could form.
BTC movement plays a large role in these pairs, but I've laid out my best bet on what could happen.
Target for Raiden is 20-30 USD. That would mean 1-1.5B marketcap, which seems realistic to me.
It's not a very large timeframe I have put this in, but lets see what happens, and I'll keep updating along the way :)
Reads the Raiden website.
Fundamental
I've had Raiden for a decent amount of time now (added to portfolio spreadsheet 6 December), and while it is up, it has not impressed. If you consider the growth in the overall market it should have done much better.
But let's focus on the future. I believe Raiden could have a good one. And if you're not already in, I think Raiden is undervalued and a good buy for the day.
So.. What's attractive about the Raiden Network?
It's Ethereums try for an off-chain solution, the competitor of Lightning Network sort to speak! (read Buterin's blog post about scaling)
And it's needed. People are pouring into crypto, and the tech havent been able to keep up.
It's expensive to move money around this ecosystem now, atleast if you dont really know what you are doing.
What about Plasma, what if it replaces Raiden?
Thats far into the future and have to be addressed when the time is right. But I concluded with FUD after researching the matter.
My portfolio is not very connected to the Ethereum family.
As I am not very bullish on Ethereum as a whole.
Raiden is my counterbet, sorta.
Sidenote:
Notice how the major coin pumps lately have happened on Binance? (TRON, VERGE, AERON etc..)
It's because that's where the new money are pouring. It's one of the few that has open sign-ups and a lot of volume.
In the next weeks when I eventually go hunting for new coins, Binance will be my playfield.
Raiden is on Binance btw ;)
Technical
Charting these BTC pairs is not my favorite thing to do but lets what I got :)
I think we could see an ordinary impulse wave from Raiden, and I marked the areas where I think the highs and low could form.
BTC movement plays a large role in these pairs, but I've laid out my best bet on what could happen.
Target for Raiden is 20-30 USD. That would mean 1-1.5B marketcap, which seems realistic to me.
It's not a very large timeframe I have put this in, but lets see what happens, and I'll keep updating along the way :)
Note
Was requested an entry area from Koinworld member on Raiden, so here we go:Note
RDN having an alright day! Let's look at some levels.Note
Let's have a look at Raiden (RDN), been a long time. But looking at chart I am very satisfied with my prediction :)
On to the next target!
Trade closed manually
Time to let RDN go. Sold at 2.7 USD, for a 2.3% return.Selling out the majority of my coins today, as I see signs for a sideways market until summer or so. Hodling on to Ripple, Bitcoin, Peerplays & Unikoin :)
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