High Performance Blockchain is an old and forgotten coin from 2017. 99% of the community has already capitulated. Nonetheless, the project surprisingly actually lives up to its name.
With extremely low fees (as low as $0.000000001 per transaction), an extremely high number of TPS, NFTs being minted almost for free, DEXs being built on the blockchain and the community considering to rebrand the project and bring it back to life, High Performance Blockchain already has everything it needs to become a top 50 project. The only thing it's missing right now is a large, active community (since the old community has capitulated) and exposure / hype / marketing / brand awareness, which I hope to see in the future after we have rebranded and draw in a whole new crowd.
As far as technical analysis goes, it is difficult to say whether we have already bottomed out at 200 sats or if we have yet to make a new all time low in sats as Bitcoin begins to recover and eventually hits new highs. HPB has one of the most rekt charts in all of crypto, with its ATH at 80k sats and its ATL at 200 sats.
This is a very high risk / high reward coin to trade because not only has it been in a steady downtrend for years, it is also extremely illiquid, meaning it is important to use the right strategy. In this case, the right strategy is to start Dollar Cost Averaging (DCA) down from 400 sats and under, and aim to hold it for the long-term. So buy a little bit under 400 sats, and then just wait and see for a while. If it gets to around 300 sats or under, put in some serious money. After that if it still keeps on dropping, wait for it to make a new ATL in sats before buying any more.
The potential gains on this one are absolutely ridiculous if it manages to revive like SNX, BQX and AAVE did. As you can see, even 100x or more against Bitcoin isn't all that spectacular since the chart is so rekt.
In the case that we get a big random pump, the first target is around 2500 sats, after that ~8000 sats. If the project actually revives like I think it eventually will, targets are set at 20k sats +.
So yeah, don't FOMO into this one. Start off with a very small bag and slowly DCA over the next few months. Then sit back and hold it for the next year or so to possibly get 100x returns or more.
Good luck to you all and fingers crossed that HPB manages to rise from the ashes like many others have already done!
With extremely low fees (as low as $0.000000001 per transaction), an extremely high number of TPS, NFTs being minted almost for free, DEXs being built on the blockchain and the community considering to rebrand the project and bring it back to life, High Performance Blockchain already has everything it needs to become a top 50 project. The only thing it's missing right now is a large, active community (since the old community has capitulated) and exposure / hype / marketing / brand awareness, which I hope to see in the future after we have rebranded and draw in a whole new crowd.
As far as technical analysis goes, it is difficult to say whether we have already bottomed out at 200 sats or if we have yet to make a new all time low in sats as Bitcoin begins to recover and eventually hits new highs. HPB has one of the most rekt charts in all of crypto, with its ATH at 80k sats and its ATL at 200 sats.
This is a very high risk / high reward coin to trade because not only has it been in a steady downtrend for years, it is also extremely illiquid, meaning it is important to use the right strategy. In this case, the right strategy is to start Dollar Cost Averaging (DCA) down from 400 sats and under, and aim to hold it for the long-term. So buy a little bit under 400 sats, and then just wait and see for a while. If it gets to around 300 sats or under, put in some serious money. After that if it still keeps on dropping, wait for it to make a new ATL in sats before buying any more.
The potential gains on this one are absolutely ridiculous if it manages to revive like SNX, BQX and AAVE did. As you can see, even 100x or more against Bitcoin isn't all that spectacular since the chart is so rekt.
In the case that we get a big random pump, the first target is around 2500 sats, after that ~8000 sats. If the project actually revives like I think it eventually will, targets are set at 20k sats +.
So yeah, don't FOMO into this one. Start off with a very small bag and slowly DCA over the next few months. Then sit back and hold it for the next year or so to possibly get 100x returns or more.
Good luck to you all and fingers crossed that HPB manages to rise from the ashes like many others have already done!
Comment:
It was just announced that HPB will be delisted from Kucoin. This devastating blow will be one it won't recover from. Do NOT buy the dip! It's over.