Is it likely that the future CHIA utility will be so niche that price will not be capable of upward movement, given the constant miners pressure. Mining is about making a profit and only then maintaining the network security. The price will need to go through many trade levels since the initial move was down and the price was extremely high. Every CHIA investor...
Blockchain and smart contract platform Chia Network, founded by Bram Cohen, the inventor of BitTorrent, has filed a confidential draft registration with the US Securities and Exchange Commission for its proposed initial public offering (IPO).
The Chia Network - XCH is a new coin and protocol, while it has potential in the future the slow rollout of pooling protocol and lack of actual usage is spurring interest.
XCH is currently in a period of consolidation before continuing downward trend. We see distribution during the pennant even though the price remains rangebound reflecting the general trend,...
Haven't done any TA in a while, but since this is a coin I have been more invested into than others thought I would try to cure my sanity a bit by attempting to get back into analysis. Usually descending/ falling wedge results in an upward breakout, but with how the current market sits... could be anybody's best guess.
In recent months, the Chia Network project made a little noise and made itself felt in the cryptocurrency market because the price of the Chia token reached $1,700 at highs
Our colleague, more closely follows the project, and told us that the project is developing, the network has grown more than 60 times and there are many positive reviews more.
We do not...
