STAKE ready to explode! (*beautiful cup and handle pattern*)
Fundamental analysis:
Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi.
As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now!
Both projects have a 50% circulating supply from the max total token supply.
Matic has an approximately 20x bigger market cap than Stake.
Stake is still not listed on major exchanges which represent multiple X potential in price appreciation.
Technical analysis:
Beautiful Cup and Handle formation is in correlation with fundamentals and market cycle.
Target1: $72
Target2: $104
Target3: $200
This is not financial advice.
Please do your own research.
Happy trading!
Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi.
As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now!
Both projects have a 50% circulating supply from the max total token supply.
Matic has an approximately 20x bigger market cap than Stake.
Stake is still not listed on major exchanges which represent multiple X potential in price appreciation.
Technical analysis:
Beautiful Cup and Handle formation is in correlation with fundamentals and market cycle.
Target1: $72
Target2: $104
Target3: $200
This is not financial advice.
Please do your own research.
Happy trading!
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