XPRUSDT trade ideas
XPR/USDTMy limit order for XPR is on 0.0084. Why? This is a monthly orderblock. This is where all the volume came from and where price most likely is heading back to make itself efficient again. If BTC recovers faster then i will buy at lower time frame orderblocks and post a new analysis.
This is NFA and DYOR!
XPR Proton Nov 17 UpdateMy XPR Update for November after the drop on the 15th everything seems fine for now, this is my dream of what can play out. I think everything still looks okay if the RSI can go back above 50 but we still may see a smaller drop to .029-0.03 in the next day followed by a move upwards again to test 0.05
Proton ( XPR ) is a smart contract platform and public blockchain designed for consumer applications and peer-to-peer payments. It is built around a secure identity and a financial settlement layer, allowing users to link their real identity and fiat accounts. By doing this, users can pull funds, buy crypto and use that crypto in apps. All transactions are recorded on a blockchain whose core function is to record payments and interface with different entities involved. Eeach user on this blockchain has a known identity, which is in turn verified by an approved identity provider. XPR's total supply will be 12,283,792,425, of which 8,415,203,447 is currently in circulation. This comes with a 5% annual token inflation , which will be split between block producers (2.5%) token stakers (1.5%) and the Proton Steering Committee (1%). XPR has a market cap of $262,542,545, and in the span of six months, XPR's market cap ranking dropped from #800 to around #280.
Protonchain is a clear buy.XPR - Protonchain
COMPETITORS - NANO; DIEM; ADA?
FUNDAMENTALS
- 4000 tp / s
- Built-in KYC, or your user has been identified upon registration. this recognition applies across different platforms and block circuits
- Easy to use for new people who have not been exposed to the crypt
- there are no transaction fees for sending crypto and fiat, ie small volume transactions are possible
- supports the cooperation of different block chains
- Opportunity to earn revenue through social media platforms and product advertising
- Android app fully developed
- 5% inflation is divided into: 1.5% stackers, 2.5% block producers (transaction approvers), 1% fee for block chain managers
- low market capitalization 281.2M
- integration with the legacy banking system
TECHNICAL
- The price has been on the rise since its release
- there is currently a correction between the last vertex and the low point
- The low point of the 1D structure is $ 0.0258; Low point of 2D structure 0.021
- Strong buying between 1D and 2D low point
SOURCES
- www.reddit.com
- www.protonchain.com
- www.protonchain.com
- blog.protonchain.com
XPR/USDTHere's a clean chart analysis, The current market phase is questionable for plays, we had pump to retest the 61.8 failed to break above, which lead to a retest of the demand zone.
Wait for a trading range to form in the demand zone, ST's and shakeouts will happen before moving in the intended direction of the market.
XPR Bounce 100%+ November?Based on past performance we will hopefully see Proton bounce off its level 50 RSI and have its 3rd impulsive wave for another 100%+ return this month. Support looks good and I dont think we will see this drop below 0.026 again. Target 0.075
Proton is a very exciting project. It is a delegated proof-of-stake blockchain that makes different banks and payment platforms compatible with one another - and with digital assets. It is, in essence, a universal network for payments designed to do away with the current siloed nature of payment networks. It has zero fees, fiat integration, 4000 tps, unique ID system, swap, stake, farm, slick wallet, NFT market place, wrap any coin, lend platform, PNS domain name. Speaking of the wallet Proton Wallet, a single place to swap, stake, receive and withdraw crypto with literally zero fees, and they are introducing a new version of the already amazing wallet soon, with more expected news from this team this looks like a winner to me.