SKY vs BTC.D
Skycoin is consistently ranked as one of the most actively developed projects. After a few rough months, it seems that a new trend is trying to start. As BTC dominance fell from the 72-35 range back into the high 60s, Skycoin price seems to have stabilized in an accumulation zone.
Since there was a lot of mention of development, I setup github & started watching the repos closely. Skycoin has a lot of public repos and there is a lot of information to review in there. By primarily watching the code, it became clear that throughout the process, development continued. It may have sped up as the reorg was focused on creating organizational efficiencies.
Highlighted in the grey boxes are times when Sky pumped when dominance was falling.
Green lines shows the next few levels of resistance on the way up if the project gets traction it seems to be getting.
Purple line is the potential trend reversal for BTC.D in conjunction with the stabilization of skycoin price level.
Since there was a lot of mention of development, I setup github & started watching the repos closely. Skycoin has a lot of public repos and there is a lot of information to review in there. By primarily watching the code, it became clear that throughout the process, development continued. It may have sped up as the reorg was focused on creating organizational efficiencies.
Highlighted in the grey boxes are times when Sky pumped when dominance was falling.
Green lines shows the next few levels of resistance on the way up if the project gets traction it seems to be getting.
Purple line is the potential trend reversal for BTC.D in conjunction with the stabilization of skycoin price level.
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