XSN USD forward looking targetsXSNUSD looks to be consolidating in the range of $ 0.25 to $ 0.35.
On January 26th 2021, a low support level was established at $ 0.23.
On February 23rd 2021, a higher support level was established at $ 0.253.
A resistance range was established between $ 0.32 and $ 0.35.
As the higher support level exists with a wide range, in conjunction with the price action causing a wedge below the wide resistance range, I'd expect the price to push nicely into the zone of $ 0.32 and $ 0.35, with theoretical chance of 40% to potentially cause some strong pricing pressure to the upside.
Fundamentally, being a newer listing, possessing a very attractive User Interface for an easy to use DEX application and User Wallet with L2 functionality, I expect to see XSN USD back over $ 0.50 in approximately two weeks time, as millennials and gen z care deeply about decentralized finance and getting rich at a younger age than their parents did, and are looking for cryptos that can increase in price indicator by several hundred percentages.
BITFINEX:XSNUSD
Xsn
Lightning DEX release - XSN Fomomode activated!On 10th December, Stakenet XSN will release the first Lightning and Crosschain L3 DEX. The Project is developing since 2018 the first DEX to trade native Cryptoasssets on the Lightning Network and Connext network (in future also with Arbitrum). In 2022 the XSN Chain will swap to the Hydrachain, where Hydra masternode owners running clients for the decentralized infrastructure (Nodes, LND Clients...). Users can earn the fees by providing liquidity and running Masternodes!
The current DEX's are all running on L1 Blockchains but this is not a scaleable solution and returns in a lot of fees for the trader. On the Stakenet DEX trader can rent or Open Lightning and connext channels to trade instant with small fees on an orderbook. There are a lot of things and features to talk about, DYOR! stakenet.info stakenet.io
XSN has still a small marketcap!
The chart Idea with the elliot wave is just an opinion, I am not a professional and this is no financial advice!
XSN: Lightning DEX run by masternodes, 793x to match UNIFrom Stakenet:
"XSN is the first blockchain with Masternodes to ever be Lightning Network ready. This means XSN has instant, virtually feeless, and unlimited transactions per second, making it more valuable than most other cryptocurrencies whose only use-case is speed or scalability. It is also the first, next to Bitcoin and Litecoin, to ever perform Lightning Swaps. "
So, how is this any different from other DEX's/coins using the same buzzwords?
> Masternodes that actually provide value by running the DEX (and more)
> Lightning swaps: once your channel is open, high-frequency trading with fees a fraction of what other DEX's/CEX's charge
> Connext integration enables BTC/ETH crosschain swaps without wrapping/rollups
> Accessing DEX/trading done through XSN's multicurrency light wallet, or on the web-based DEX (Your keys, your coins)
MASTERNODE INCOME: Hosting the DEX
Owning a masternode will make users effectively partial owners of a cutting edge business. In addition to block rewards, MN's will receive orderbook hosting rewards for processing the DEX's transactions.
> Current XSN price: $0.16
> Current Masternode cost: $2,400
When XSN reaches #2 DEX SUSHISWAP's marketcap ($2.07b as of 10/7/21) each XSN Masternode will:
> Be worth $255,765
> Produce $7,500 monthly ($2,500 block / $5,000 orderbook hosting)
> Assuming $250m 24hr DEX volume
When XSN reaches #1 DEX UNI's marketcap ($13.6b as of 10/2/21) each XSN Masternode will:
> Be worth $1,665,000
> Produce $25,500 monthly ($16,000 block / $9,500 orderbook hosting)
> Assuming $890m 24hr DEX volume
XSN is delivering fully decentralized P2P Layer 2 trades. Masternode owners are the exchange owners.
