Could Obyte finally got traction?Obyte failed to be profitable once the team stopped the initial free airdrop method. Since then, the most powerful and comprehensive DAG protocol in the cryptocurrency market has lost around 97% of its ATH value.
Nevertheless, the team continues to develop the protocol and has impressively extended its functionality with concepts such as sovereign identity, bounded stablecoins and more recently with liquidity pools and bridges with Ethereum, Binance and Polygon. Even an NFT platform has been released recently.
Several impressive rebounds occured in 2021 but each time it falls.
Several impressive rebounds occurred place in 2021 but each time the price fell back to the initial level. In a way, every fall was normal and predictable. Obyte is a third type cryptocurrency protocol that requires transactions to gain value, while decentralized blockchains (first type) have to spend electricity and centralized blockchains (second type) need to grow their user base.
So, could Obyte finally get the shy traction to get more transactions and see its price increase sustainably?
Either way, DAGs are the only sustainable option for cryptocurrencies and Obyte is obviously the real contender to challenge the Bitcoin protocol as king of cryptocurrencies although one can easily doubt that when looking at its performance.
Obyte
OBYTE bullish@Obyte (#gbyte) very bullish.
Take profit from Fibonacci.
Playing above support(last resistance).
Big bounce OBYTEStill im waiting Gbyte big bounce. Strong weekly support is at level 21.08$ and daily trendline holds. In the end we can see big bounce up if we get hit from support or we break out from trendline and we get candle close above this line.
Right now i dont belive that we break weekly support and going more down.
Eyes on this chart.
Obyte about to explodeChecking weekly, bi-weekly and monthly charts. Obyte-USD is in compression for 1078 days, which is just under 3y.
I reckon that December will be explosive for this market pair and Obyte-USD will be trading between $200 and $300.
Unbreakable bull trendThe BITTREX:GBYTEUSD known a violent price correction today. The target @ 34$US is still there. The bearish resistance is futile.
OByte Gbyte ByteBall Triangulation - Weighted Volume Method Gann, volume, and some magic. I might just be a little biased, really starting to like the fundamentals on this coin so take this with a Shill Pill.
$OBYTE $GBYTE
$OBYTE supply demand Obyte was hit hard by speculation during the last bull run, and with only 600,000 coins in circulation its no surprise it fell like a ton of bricks with the market. The good news is, the sharp decline also brought the MAs down quick so a sharp move up is possible. Obyte has made a lot of progress in the meantime from a dev perspective and is set to launch on BITZ anytime now... Therefore when the time comes, OBYTE will be able to have a nice cross up. Everything hinges on BTC and its price action so watch closely. Obyte is the same tech as IOTA but with smart contracts like ETH. Lots of potential here.
Changes in the bitcoin price predictions with google trends. I see, it exists alredy some changes of the behavior of google trends vs. bitcoin price ...
1.) The price falled in November 2018 AND the people wanted to know - Why?
2.) If the interesting falling (google trends lowers), some (big) investors trying to buy a big chunk - it results in a slowly (!!!) deflation... ((they don't want a hype!!! They are clever... They trying to regulate it... The Trustee at MtGox don't moved the remaining 165000 bitcoins to the market - so I am neutral with a little LONG of course. I investing already in ALTcoins again. Every bitcoin hype followed by an ALTcoin hype... But we have some ALT already, they are near to bitcoin: Bitcoin CASH, Bitcoin GOLD, ... AND RSK Smart Bitcoin :D But my favourites: Obyte (with DAG), Ignis, Ardor, ...))
Please see my post on the bitcoinlak also about this changes in the price analyse. I am ifinta on the bitcointalk.org since 2011. Please use my UNLICENCED ideas :) from bitcointalk.org also...
bitcointalk.org/index.php?action=profile;u=28645;sa=showPosts
I use google trends in analyse since ~2013... I published this kind of price prediction here in Nov. 2015 :)
