It's one of the very first movers / innovators inside the Defi space of Global Lending, pretty much like Aave (LEND). Team includes some of the best devs in this niche, it's not by chance that Argentina is among the leading countries in the area.
RCN has always traded with very similar multiples against LEND, until few months ago, both projects were trading at around $30M marketcaps. With the launch of Aave new platform, LEND seen it's token price skyrocket and has now a market of $123M, while RCN trades at $38M right now... This big difference will not stay like this for much longer.
Bull Case: - RCN is about to introduce various upgrades and a brand new platform with tons of new stuff. - Market has never been so Bullish for Defi, and RCN besides being a pure hardcore defi play, it's also one of the few big names that still trades at an "affordable" price. - Big Institutional money is entering the space, literally pumping every name in Defi, with bigger prices, the big players tend to search for this hidden gem, RCN is out there (it's listed in Binance).
Strategy: Buy RCN ahead of the adjustment buys from the big players, sell half the position at 2X price, Hodl the rest for the upcoming alt bull run. Remember, the fair price for LEND is still way ahead it's $120M market cap, probably near $400M, so in this case of RCN and giving it a lower multiple, fair price is never less than $200M.
Dude, do some research before saying shit. RCN is a leader in Lending for years, been on the Top100 for ages !
Brandon Bailey
This is one of the first gems I've traded back last year when the definitive rally started. I agree with the op, it's in that sweet spot before the run. Good Call!
It's been dumping for like the last month and looks bearish
Nicholas Brooks
True, and if you look at the chart, it's exactly how it behaves in the past. It will jump back soon, like always, but this time there is much more new territory to explore. Marketcap is not adjusted to the other players in this space.
Cooper Diaz
Ok looks like it broke out of a falling wedge recently, hope we get a pump soon
Jeremiah Mitchell
look at the daily you fucking retard. this is the exact entry point you want. low vol. macd cross. fuck you.
Caleb Kelly
Exactly... this Zig Forums is full of retards, calling it a scam, shitcoin, ffs!!! lol
This is like free money, this call... just buy and hold a few weeks and its free money, no risk.
Eli Hernandez
It seems like it just needs a small pop, to trigger a whole lot of motion from here.
Jace Evans
>>Look at the daily I did you clown and we broke a major trendline about a month ago and price has been falling ever since
Andrew Bell
No you didn't, you fucking lasy retarded. This trading setup, is text-book material, as easy as it gets... just look at the attached chart.
Immaculate Bullish trend, solid trading channel, with RCN at the sweet spot right now and ready for a pop.
The thing is, this time, and taking in consideration whats going on Defi, RCN will not stop at the top of the channel, it will explode.
Isn't this obvious as fuck for any guy with average IQ ? or do you need an ELI5 ?
Easy as fuck! except this is all going to happen much faster than the chart projects, because velocity has changed (look at LEND, UBT and other projects in the same group)
HAHAHAHA what a fucking idiot!!! where did you learn Technical Analysis? in the retard school?
You begin your line before the genesis move you idiot! thats outside the pattern. Go read a book!
That way, every single move will get invalidated by your dumb support lines.
FUCK.... I CANT STOP LAUGHING at your noob attempt to technical analysis!!!!! AHAHHAHAHAHAHAHAHHA
WHAT AN IDIOT !
Jonathan Kelly
Let me have more fun...
this lesson is free, understood retard?
In the attached image, there is your strategy with your retard lines, in other words, lines that mean jack shit in technical analysis. Lines drawn by fucking retarded losers like you. Lines that make other losers (your family and friends) to lose even more money.
Shut the fuck up you bum, your lines are fucking dog shit and you don't know shit about TA, go jerk off to Internet porn now you little virgin
Eli Carter
Can't even fucking spell, you fucking dumb nigger monkey 3rd worlder
Brody Cook
Nice arguments idiot. I love when a retarded troll like you, loses the discussion and breaks down. Asta la vista ass hole. go buy some shitcoins with your retarded lines.
There is a good book for retards like you "Technical Analysis for Retards" its one of those yellow books for kids, useful for you.
Brody Diaz
What a loser man, you clearly don't know what Technical Analysis is. It's not just drawing some Radom lines dude, op is 100% right, you are a joke!
Cooper Harris
>> don't know what Technical Analysis is Hahaha he capitalizes technical analysis. Learn how to spell before you start trying to teach people about TA. What country are you from anyways? India? You don't know shit about TA, you're most likely a desperate bagholder
Ryan Reyes
Make yourself a favour and go learn TA. First basic thing to learn is how to draw a support line. And you can never draw a line before the genesis move, otherwise that line has absolutely no validity, it will be broken in every pullback, giving you false signals and making you adjust the line everytime.
That is so basic, that hurts to watch...
I'm from France, and I'm writing in your language, sorry for any mistakes. Do you speak French?
Listen, you must be a Trump BJ fanboy, so I give it a discount on your low IQ. No hurt feeling gringo!
PS: Forgot to tell how retarded you and your Trump friends are.
Noah Sanchez
You fucking American Trump lovers. You must stop drinking disinfectant !!! that shit is not safe !!!
Jesus Christ! Zig Forums random guy trying to draw a TA line. What a disgrace, RCN is fucking bullish af. Been on a bull market since last year, had a major consolidation phase and it’s ready to pump.
How anyone can see it as bearish ???? Wtf !!!! Grow some balls and learn how to draw a fucking line!
Austin Torres
LOL LOL LOL
Lucas Howard
Fuck that guy, let him make America Great Again! NOT !!!!
Caleb Nelson
Hahahahahahaha you're from France lol. You Indians crack me up. And what's this genesis move you're talking about you clown? Hahaha, WTF? Did you learn TA in a fucking bathroom or something?
Daniel Collins
Hahaha, someone sounds very jealous of Americans
John Wilson
Hahaha, how many accounts are you going to keep posting from man? Are you from France too? Hahahahaha.
