PontusTrader

ZEPH resistance throwback is holding steady

Long
MEXC:ZEPHUSDT   ZEPHYR / USDT
Liking $ZEPH here, I bought $4,000 more today. Price has already broken out from downtrend, now it's retesting the breakout line. Also the breakout occurred out of bullish falling wedge formation.

I see this going much higher. Not an easy hold at the moment, I agree but will pay off crazy multiples down the road.

That's the TA side, the fundamental bull thesis is:
  • novel innovation and improvement for this cycle
  • 40-50mil mcap
  • entirely private PoW stablecoin with 21 mil max coin supply
  • 400% overcollateralization
  • hashrate has surpassed XMR and miners are accumulating & see this coin going higher in the future; follow the miners

    It's this cycle's LUNA but better because unlike LUNA, they cannot print more tokensto protect the peg. This means that there is no way to attack the peg by throwing money at it since it's mined and only 21 mil max supply.

    LUNA was attacked by a 3rd party and failed because of having to print tokens to protect the peg.

    I'm a top 100 ALPH wallet from 30 cents and ZEPH is my 2rd largest bag, so take that as you will.
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