ORE Impulsive Spike Above Accumulation ZoneORE is a POW token on Solana that launched in April, which aims to make mining accessible to anyone. The highly experimental concept congested the Solana network so much that mining was shut down after a couple weeks. In August mining started again after enough optimizations were made. I would suggest doing more research by going to their site and twitter.
The price has had very wild fluctuations so far, but has steadied recently. On September 13th the announcement of Regolith Labs was made, which will be the developer studio for ORE. This caused a massive surge, pushing the price above the trading range it's been in for nearly a month.
I think this 50-80 range could be a generational accumulation zone. Long term this could go parabolic. And you can obviously start mining it as well to earn more.
OREUSDT trade ideas
8/6/24 - $oreusdt - I guess i'm buying again? lol8/6/24 :: VROCKSTAR :: COINEX:OREUSDT
I guess i'm buying again? lol
- this is insanely risky
- i hazard to post any non-BTC related stuff (even BTC related stuff tbh, DM me best for this)
- that being said, from where we bought in the mid $300s (check out post from May 14, 2024), we closed out half the trade for a 100% gain, let the profits run, then the thing went in to do a 4x, so we took more profits.
- in the last weeks a few upgrades happened and this thing went from the best performing thing in SOL to the biggest dog lol.
- so here I am buying back a bit in the $450 region. I genuinely think there's a good probability we see it again in the 2-handle region and in crypto land that can be the death of projects (momentum runs out early on)
- that being said, i'm flagging bc i still think it remains one of the weirdest/ novel proof of works outside of BTC i've seen in 10 years of watching this space.
- there's also a gamefi token i defn won't shill publicly (on SOL), but if you'd like to discuss we could DM, shoot me a msg.
- stay safe. never forget to take profits. allows you to reengage like I will be with this once again w/ these profits.
V
5/14/24 - $oreusdt - novel proof of work on $sol, have a look5/14/24 - vrockstar - COINEX:OREUSDT - among the 70+ equities posts i made, i do look at crypto as well and while this is MUCH more speculative, i'm flagging TSX:ORE as something that's worth looking into.
1) you don't have to necessarily buy it - you can mine it in your browser
ore.supply
2) the proof of work concept is quite interesting IMO b/c a. this is a first of its kind on a proof of stake monster chain like BINANCE:SOLUSDT (high throughput, cheap fees) b. and in the context of regulation - not a security - it checks a lot of the same fair launch elements of btc
3) this is a chit coin. i know. but at a $5 mm market cap currently, tons of money on CRYPTOCAP:SOL looking for a new home and potentially acting as a store of value, the risk reward is quite good even if you assume 1% chance of success.
4) this is one of the newest coins as a first of its kind, which means there are no bag holders yet. this is key for future pumps. higher highs. shallower dips.
5) tmr's CPI will defn drive all risk and this is massive beta on BINANCE:SOLUSDT which is massive beta on BINANCE:BTCUSDT which is massive beta on $QQQ. So keep this in mind as you consider timing.
forgive me equity bros for posting chit coin flag, but figured this is new enough and interesting enough to have a look at a very cheap valuation and no insider/ VC BS involved.
-V
ps - i'd like anyone's comments if they have an even more bullish or bearish view. and do u agree w/ the above logic? seems like not many are yet talking about this... let's see.