$AKTUSD massive bull flag
Thematic Investment Narrative:
HNTUSD, easily the most successful DePIN Network to date, has been leading the altcoin market as a performant outlier-- with subscription count steadily increasing for their MMOBILE network, this is a project that is generating legitimate business flows from real-world customers, and that makes it a standout alt to hold-- few protocols can make a (substantiated) claim like that.
With that context, it's not as surprising that HNT has been leading the way over the past few weeks as markets have been experiencing sideways volatility at large. Investors love altcoins because it is basically decentralized VC-- and while mom and pops can get exposure to these VC-esc exponential returns-- they are also sometimes not prepared for that same potential downside involved in such illiquid markets. The DePIN companies/projects/protocols with more 'meat on the bone' (i.e. paying customers), will be the ones that are safer to hold through this potentially brutal market VOL.
So AKT: With equally solid growth and adoption/user statistics, AKT may be primed to become the second-in-class DePIN 'Blue chip'.
Leases & USD spend are up, Compute, Memory, and Storage are also trending up and to the right. I feel that investors seeking outsized returns from #DePIN 's next macro leg up might look down the risk curve from HNT and see AKT as another gem in the rough
Technical Analysis:
- Massive Bull Flag Pattern identified
- Daily Candle 1D RSI Breakout test is imminent (bottom chart purple arrow)-- perfectly aligning with the September 18th FED Rate cut decision**
If we do get a surprise 50 bps cut, it might present an excellent 'last stop before moon' buy-opportunity for higher risk assets, ultimately the economic stimulus will come back steeper than it did in 2021.... hang on
**25 BPS Likely, 50 BPS will probably be bearish honestly
NFA DYOR
HNTUSD, easily the most successful DePIN Network to date, has been leading the altcoin market as a performant outlier-- with subscription count steadily increasing for their MMOBILE network, this is a project that is generating legitimate business flows from real-world customers, and that makes it a standout alt to hold-- few protocols can make a (substantiated) claim like that. With that context, it's not as surprising that HNT has been leading the way over the past few weeks as markets have been experiencing sideways volatility at large. Investors love altcoins because it is basically decentralized VC-- and while mom and pops can get exposure to these VC-esc exponential returns-- they are also sometimes not prepared for that same potential downside involved in such illiquid markets. The DePIN companies/projects/protocols with more 'meat on the bone' (i.e. paying customers), will be the ones that are safer to hold through this potentially brutal market VOL.
So AKT: With equally solid growth and adoption/user statistics, AKT may be primed to become the second-in-class DePIN 'Blue chip'.
Leases & USD spend are up, Compute, Memory, and Storage are also trending up and to the right. I feel that investors seeking outsized returns from #DePIN 's next macro leg up might look down the risk curve from HNT and see AKT as another gem in the rough
Technical Analysis:
- Massive Bull Flag Pattern identified
- Daily Candle 1D RSI Breakout test is imminent (bottom chart purple arrow)-- perfectly aligning with the September 18th FED Rate cut decision**
If we do get a surprise 50 bps cut, it might present an excellent 'last stop before moon' buy-opportunity for higher risk assets, ultimately the economic stimulus will come back steeper than it did in 2021.... hang on
**25 BPS Likely, 50 BPS will probably be bearish honestly
NFA DYOR
הערה
Looking good!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.