Some very sizable moves indeed.
However, I wouldn't say that it can necessarily sustain this level of growth simply because it is a first mover - even though it is one of the earlier DEX Tokens being listed on exchanges as early as 2015, it doesn't mean much given that this field is dominated now by industry giants like Binance which a token like blocknet simply is unable to compete against.
I wouldn't be too optimistic about long term price action, since fundamentals need to substantially improve for that to happen.
Topic: Blocknet moved 72% the past week. Will it continue? - page 2. (Read 313 times)
Good for you, if you are holding Blocknet, but for new investors please do not invest now, let the price correct and hit the bottom, with side movement. I have learnt my lessons chasing a pumping coins most time would turn you to bagholders for long period, unless you which to take your loss fast
Good suggestion and i dont understand why do people do consider on buying out a certain coin if the prices are already flying up?Most of the time these prices are already into its peak and diving in would really be a bad idea.ABout BlockNet, its good to look those
features but telling that DEX would become the main trend on upcoming year? I dont think so because centralized exchangers would be
most likely to be used yet we know that DEX doesnt involve fiat.
Good for you, if you are holding Blocknet, but for new investors please do not invest now, let the price correct and hit the bottom, with side movement. I have learnt my lessons chasing a pumping coins most time would turn you to bagholders for long period, unless you which to take your loss fast
I've been following Blocknet for the past few months, and I'm VERY bullish on it.
Not only are they first movers on the whole DEX area, (Their DEX speaks for itself: https://blockdx.com/), but they are also working on a completely decentralized oracle solution, which frankly is WAY more decentralized than LINK, due to the way it operates. Blocknet was never premined, fair launch, and to be honest, I was impressed with the info you can pull from the XRouter already when I went to their Discord channel to try it out.
If these guys starts aquiring partnerships, you can bet your ass the price is gonna fly.
I believe in the next coming years that DEX's will be adopted on a WAY bigger scale than we've seen today, since they beat KYC, privacy etc.
If the demand for nodes on the network increases, it creates an enormous pressure on the buy side from people who wants want to get in on the passive income aspect of things, as when you run a node, you profit from the DEX trading fees.
What are you guys thoughts on this?
Not only are they first movers on the whole DEX area, (Their DEX speaks for itself: https://blockdx.com/), but they are also working on a completely decentralized oracle solution, which frankly is WAY more decentralized than LINK, due to the way it operates. Blocknet was never premined, fair launch, and to be honest, I was impressed with the info you can pull from the XRouter already when I went to their Discord channel to try it out.
If these guys starts aquiring partnerships, you can bet your ass the price is gonna fly.
I believe in the next coming years that DEX's will be adopted on a WAY bigger scale than we've seen today, since they beat KYC, privacy etc.
If the demand for nodes on the network increases, it creates an enormous pressure on the buy side from people who wants want to get in on the passive income aspect of things, as when you run a node, you profit from the DEX trading fees.
What are you guys thoughts on this?
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