Oh lord, where to start. I've been closely watching this one since 2015 and it's one of my all time favorite projects. It's been both fun and frustrating to follow as the development pace has been slow, there has been security breaches (not the immutability of the chain, dev github got compromised), hickups with the team structure and so forth. Year 2019 has been amazing for Nexus, from the technological point of view. Price wise it's been speculator's worst nightmare.
Enough chit chat and let's recap what to look for summer '19:
-Revamped website got released couple of days ago nexusearth dot com.
-Tritium wallet is under security audit (done by independent sec company), initial launch in 1-2 weeks
-Tritium full mainnet launch after security audit (rough estimate 4-6 weeks),
-Use cases & partnership announcements due NDA expiration (summer 2019)
-reversible transactions
-Advanced contracts .. and much more
Strong points:
*unique tech and features
*team has shown excellent integrity
*3rd party security audits
*zero nonsense hype
*Dino Farinacci is part of the team ( Cisco LISP tech guru)!
*marketing is done straight to businesses, not in CT etc
*available in Binance
*Binance gold project (google binance gold label projects)
*Vector Space systems & dem satellites
*Well respected youtubers (CryptoLark..) have shown their support to this project
Concerns:
* yet another delay for mainnet Tritium launch due security patches?
* quality of the upcoming partnerships?
* low visibility and zero hype (the good kind of)
* relatively low trading volume & liquidity
Trading
Price wise NXS has been absolutely demolished from the ATH. During the Binance lockout price plummeted under 4k sat. Since then it's been bouncing between 5k-4k. I tried to identify fibo levels, 4k sat being the lowest support level, currently it's banging its head against ~4,6k sat support level which could be turning to resistance. Strong resistance level around 4,7k-4,9k sat (I also spotted huge sell walls when trading was more active).
Descending triangle closing around next monday (also the day when NXS team will get initial results from the sec audit). Could be a point of some major movement. We'll see.
Opportunistic buy levels: 4300 sat, 4170 sat. For believers of the tech: just marketbuy with yolo attitude. All you can.
Sell levels: set realistic profit levels (10%, 30%, 50%, moonbag). I'm going long with this one. All the way up to ATH ($). Believe it or not.
Risk/reward ratio: excellent due the low price & upcoming releases. Just watch the weekly / daily chart from Bittrex / CMC.
This is by no means financial advice, DYOR. Just your average speculator watching her favorite project to grow. In joy and sorrow :D.
Enough chit chat and let's recap what to look for summer '19:
-Revamped website got released couple of days ago nexusearth dot com.
-Tritium wallet is under security audit (done by independent sec company), initial launch in 1-2 weeks
-Tritium full mainnet launch after security audit (rough estimate 4-6 weeks),
-Use cases & partnership announcements due NDA expiration (summer 2019)
-reversible transactions
-Advanced contracts .. and much more
Strong points:
*unique tech and features
*team has shown excellent integrity
*3rd party security audits
*zero nonsense hype
*Dino Farinacci is part of the team ( Cisco LISP tech guru)!
*marketing is done straight to businesses, not in CT etc
*available in Binance
*Binance gold project (google binance gold label projects)
*Vector Space systems & dem satellites
*Well respected youtubers (CryptoLark..) have shown their support to this project
Concerns:
* yet another delay for mainnet Tritium launch due security patches?
* quality of the upcoming partnerships?
* low visibility and zero hype (the good kind of)
* relatively low trading volume & liquidity
Trading
Price wise NXS has been absolutely demolished from the ATH. During the Binance lockout price plummeted under 4k sat. Since then it's been bouncing between 5k-4k. I tried to identify fibo levels, 4k sat being the lowest support level, currently it's banging its head against ~4,6k sat support level which could be turning to resistance. Strong resistance level around 4,7k-4,9k sat (I also spotted huge sell walls when trading was more active).
Descending triangle closing around next monday (also the day when NXS team will get initial results from the sec audit). Could be a point of some major movement. We'll see.
Opportunistic buy levels: 4300 sat, 4170 sat. For believers of the tech: just marketbuy with yolo attitude. All you can.
Sell levels: set realistic profit levels (10%, 30%, 50%, moonbag). I'm going long with this one. All the way up to ATH ($). Believe it or not.
Risk/reward ratio: excellent due the low price & upcoming releases. Just watch the weekly / daily chart from Bittrex / CMC.
This is by no means financial advice, DYOR. Just your average speculator watching her favorite project to grow. In joy and sorrow :D.
Comment:
Speculation wise it's starting to look better. Tritium wallet will be out next week. Cryptolark's latest bullish youtube episode made positive impact for Nexus.
It finally looks like #NXS is gaining some momentum. Accumulazione has been long and tedious one. We need volume. Ton of it. We'll see how it plays out.
It finally looks like #NXS is gaining some momentum. Accumulazione has been long and tedious one. We need volume. Ton of it. We'll see how it plays out.
Lower fib support line closing in, bids will prolly be fulfilled. There are plenty of traders out there with no patience. I'm expecting regular capitulation panic dump soonish.
Capture from latest official Nexus Twitter:
"The Tritium protocol will support watermarks for audio, video, and image files that are tied to license agreements through our register-based contract technology. #NXS $NXS #bitcoin #fintech" .
How low will NXS go inb4 the great face melting uptrend? Share your thoughts and speculations.