$POKT Network Break Out in play!!!We see volume confirmation on the 4H chart in $POKT market activity with high volume transactions on several exchanges. Heads up POKT Network isn't listed on any leading exchanges across the globe. Next resistance is 0.33 USDT/POKT on the next hours. More upside in the next few days.
Pokt
POKTUSDwhat an incredible looking chart
Close the weekly above the light blue level and the fib exptensions become the target assuming we take out the 1lvl
Just the blue level is this charts ath weekly candlebody, monthly is way lower and daily is just above the weekly but about the same
Monster volume coming in recently and this chart appears to be about to enter price discovery given the htf candlebodies
One to watch from here for sure
Not sure what happened since bull market w this project specifically tbh
POKT pocketnetwork
point of maximum financial opportunity?
5r/r play if the lows hold and we revisit .236
broken out of fallingwedge downtrend appears to be being accumulated
obvbreakout
PoktusdObv hinting this ones finally found a bottom/ accumulation zone
Potential for incredible returns from here if we see any kind of speculation return to the crypto market, ie a market wide upmove
Good projects like this one have been sold down to below fair value imo
See how we go, I rebought my bag from earlier this year here
POKTUSDTi think the price follows the bullish OBV chart below
obv is a one of the strongest indicator in crypto imo
often frontruns price action
allowing for fairly consistent potential alphaleaks..
worth looking at if you look at crypto charts often
POKT_study Will see if we are inside of the channel and can expect rising of the Pokt value.Me personnaly have got limit orders 0.9-1.10 if I am lucky :) Was riding in the channel,buy cheap sell cheaper but not so much cheap,haha
Web3 Infrastructure The Right WayInstead of deploying to a single service provider, paying absurd fees for random outages and leaked data, tap into Pocket’s trustless API protocol and route your requests to 1000’s of independent full nodes. Available for all major blockchain networks.
www.pokt.network
POKT is but a huge bubble waiting to burstYou see the videos, the testimonies, the interviews, consider this a good project, based on fundamentals, use case, revenue, etc. You convince yourself it's a great investment, you follow them on every social media, see a thriving community and the opportunity to make millions in the long term. Consider running your very own node to reap good rewards, or joining a pool. Create your wallet, buy some POKT, stake it, and keep calm knowing that you made a great desition.
That is until you read the pinned posts and check the first two ones: Total supply, and circulating supply.
Total supply
848,280,316,053,890*
supply(dot)research(dot)pokt(dot)network:8192/total
Circulating supply
668,086,253,540,202*
supply(dot)research(dot)pokt(dot)network:8192/circulating
Something seems odd... How can a crypto with such a huge amount of tokens be worth so much? (~$1.4)
With these numbers it's market cap would be at around $1,187,592,442,475,446. More than one QUADRILLION dollars. Now you know for certain something is fishy.
Maybe it's the fact that it hasn't been listed on mayor exchanges, and lack of liquidity is driving the prices rampant, but once the node runners and stakers are able to flood the market with their tokens to offset the hardware, maintenance, and investment cost this token will be worth next to nothing. The team knows this, the team wanst this to happen, not because they're bad people conspiring against their backers, but because they want to make the pocket network a really viable solution to their customers. Having they pay as little as possible, so the network has a real use. However this doesn't change the fact that the price is way over-inflated.
They are doing some proposals to solve this, but so far the developers don't seem to be eager to implement lower interest rates, nor a burning mecanism. So the point remains. Making an absurd comparisson with other tokens that have humongus total supply this project's token shouldn't be priced above $0.005 USD. Keep that in mind.
*At the time of writing, UTC-6 1:49 PM; it gets updated with every block, aproximately every 15 minutes.
