REN/USD LongREN here looks primed for a move upward
especially if some volume comes in to add
confluence
-A running flat (3 3 5) has been formed here
-The MA100 is well below the EMA30 which is
temporarily acting as support creating more
bullish confluence.
-If the gold line keeps holds as support and the
bull pennant (gray) breaks out the top diagonal
we should see a move toward $1.50 at least
Ren Protocol provides interoperability between
different blockchain platforms.
REN is fundamentally sound and is
Decentralized Finance (DeFi) so will be getting
a lot of attention this coming year and long term
will likely be a good investment as well as being a
solid short term swing.
Interoperability
PnetworkDefi project between several blockchains, interropability.
Now, we have on a consolidate. Soon starting moon.
Low supply, so there is big potential.
BLZ forming cup & handleBluzelle forming a multi month cup & handle !
The 5th of November RSI got very oversold and there is now a positive RSI divergence at the double bottom in price terms.
I am loading up on this one again since it has been one of the best performing DeFi projects in the recent short Altseason.
I think BLUZELLE will be one of the best performers in the next one !
Cup and handle forming on DOTBitcoin is heading towards ATH and similar to 2017, many of the alts will see new ATHs as well. With the new wave of investment in Bitcoin, people will naturally see Bitcoin's limitations. Smart investors will see that the ability to interact between chains is very valuable. Interoperability will be one of the major buzz words of 2021. Projects designed with native interoperability will be the next to receive attention from institutional investors.
DOT has 65% (and rising) of its liquidity locked in validator nodes leaving a deficit in the supply that will not be able to match the demand on the bull run. All these factors mean that the Polkadot network's value will grow exponentially over the next few years.
Darwinia Network Has wonderful Fundamentals (RING/USD)Like many new chains focusing on interoperability, Darwinia is being built with Polkadot’s framework Substrate. Substrate is a stack of web3 libraries (e.g., libp2p) to build blockchains focusing on the logic of the chain, or runtime. The runtime, sometimes referred to as a state machine, is written in WebAssembly (which can be the widely known, JavaScript).
They used to be a gaming Polkadot sidechain to allow interoperability for NTFs (eg, in-game items). Now, they’ve grown to allow interoperability of NFTS + tokens across smart contract blockchains like Ethereum.This unlocks a new world of interoperable and decentralized smart contracts platforms to build applications (e.g., DeFi).
Why is it undervalued?
Darwinia Network is certainly the first to allow interoperability between smart contracts blockchains in the Polkadot ecosystem. This could unlock a lot of innovation, for example, seamless liquidity aggregation for DeFi.
It’s available on Uniswap.
It was founded and developed by two early core members of Bitshares who have been working in crypto since 2012.
RING started trading in Sep 2019 and has pumped more than 1,600% since then.
Darwinia is currently running a canary testnet and its roadmap says that it will mainnet in Q3 2020 . The team also created Scale Codec, a library tool to support Darwinia and it’s available in multiple languages like Rust and JavaScript.
Darwinia currently runs a testnet, or canary chain, called Crab Network. Like Kusama for Polkadot, Crab is an environment to test and experiment and it’s meant to live long term. Crab token holders will be able to swap their cRING and cKTON into RING and KTON in a 100:1 ratio. Crab already has a blockchain explorer and wallet built-in and it’s expected to work with the mainnet.
Why Polkadot(DOT) Crypto WIll Pump?What makes Polkadot an attractive project and what problems does it solve?
One of the existing challenges for blockchain projects going really “big” is a lack of interoperability and scalability.
''Interoperability'' means that different blockchains can interact with each other and safely exchange data and ensuring consistent results to a user accessing one or another blockchain.
''Scalability'' is a big issue in blockchain which is well described by the Scalability Trilemma. Scalability is measured by the capability of the blockchain to process many transactions within an interval of time, i.e. allowing fast operations.
Both properties are important for real-life applications: 1) scalability attract more users and can process more data while interoperability makes it possible for blockchains with different functionalities to exchange data and perform common operations (imagine, for instance, a case of insurance payments where interactions of different agents are required).
Polkadot claims to address the issues of scalability and interoperability by providing a basis for the “Internet of blockchains” — a platform for different blockchains to interact while secured by a common consensus algorithm.
Web3 is a project that crystalises the overarching idea of Polkadot — interconnected blockchains with different functionalities with open access and diverse participants, all on the base of Polkadot. The scale and ambition of the project makes it definitely worth to keep an eye on.
Web3 and Polkadot have an impressive team behind them. Founders are Dr.Gavin Wood, co-founder and CTO of Ethereum, as well as Peter Czaban and a Thiel Fellow Robert Habermeier. The research work is conducted together with Inria Paris and ETH Zurich. The tech part is done by the developers from Parity Technologies, with the support of the capital partners from crypto-funds such as Polychain Capital. Strong team and good connections in the crypto world is one of the attractive points of the projects.
