Bluzelle 10% from $0.63 price target @ 127.20% Fibonacci LevelBluzelle 10% from $0.63 price target @ 127.20% Fibonacci Level. March madness has been real, Bluzelle Buy signal was first mentioned in our crypto group in February, personally have been invested since early January seeing gains of 700%+. Since the 13 EMA crossed up from the 50 SMA on 01/03/21 we have seen Bluzelle Gain 400% from $0.12 to $0.62. This oracle is a gem and we can expect this to test the 2018 ATH of $0.80 and further set a new ATH at the 227.20% Fibonacci Level @ $1.04 which is a 80% Gain from the current price level @ $0.57. Our current price target for eoy is above $2+, a more detailed analysis on this price target will be updated half way through the year but at $2 dollars this is very very conservative and just above the 423.60% Fibonacci level and 250% gain from the current price level, we are just playing it safe with this target and there is a very high probability to see EOY price target above $10 as this Bull Run is only just getting started, and in fact we are at the cusp of a 4 year super cycle. Next Price target from our current price level is at the 161.80% Fibonacci level @ $0.77 (35% Gain from $0.56). Use the Buy Zone to map out your Buys if you are not already riding this wave, our group has seen some serious Gains throughout February and March. Happy Trading :).
Bluzelle is one of key oracles of choice in our portfolio see below Key Fundamentals on Bluzelle:
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
To date, Bluzelle has formed partnerships with a number of Polkadot-based partners:
Reef Finance: the first Polkadot based cross-chain DeFi operating system that helps to increase liquidity by integrating DEX & CEX into one single platform. The integration of Bluzelle Oracles price feeds will enable Reef to capture real-time price information in order to power the next generation of DeFi applications.
Stafi: unlocking liquidity for staked assets through their staking smart contract and alternative tokens. They will rely on Bluzelle’s powerful database to complete the upgrade of Staking Contracts, supporting including price predictions of rToken/original Token, over-collateralized data in Lending Protocol, and related transaction-related data in future Crypto.
Tidal Finance: a Balancer-like insurance market that allows users to create customized insurance pool. They will utilize Bluzelle’s decentralized database to distribute their data across network.
MANTRADAO: a community-governed DeFi platform focusing on Staking, Lending, and Governance. They will integrate Bluzelle’s decentralized database into their products, including their KARMA rating protocol.
Equilibrium: the first decentralized cross-chain money market that combines pooled lending with synthetic asset generation and trading. They will integrate Bluzelle’s price feed from the Oracles to power its main DeFi services like lending, borrowing, and trading.
RioDefi: a blockchain that bridges traditional and decentralized finance. They will integrate with Bluzelle’s database for off-chain storage or their DeFi data.
Phala Network: a smart contract blockchain on which you can develop confidential-preserving and privacy-first blockchain apps. They have chosen Bluzelle’s decentralized database as one of their off-chain data storage solutions for their main product, Web3 Analytics (winner of Web3 Foundation Grant).
