Anyone Is On The Move
Check my previous post about the Anyone network as well as a previous post in which I laid out the strengths and potential breakout for the coin. Since then, Anyone has performed very well with the coin reaching 27 cents yesterday and now being up around 20%. This seems to be a sustainable breakout and not just a quick pump&dump. Perhaps the main catalyst after the mainnet news has been the article "Navigating Crypto: Industry Map" by Binance in which we can also see one section dedicated to privacy coins with Anyone being mentioned there.
To be honest I haven't heard about the other coins being listed here. Perhaps they are worth checking out - also, the VPN category is just a subcategory of the privacy category. Overall the doc seems to be quite insightful and perhaps I'll dive into it in another post.
TA
Price has beautifully broken out of the resistance from the previous highs at 20 cents and is now on the move with bigger volume as well. These breakouts have often resulted in a 2-4x which would indicate a lot more runway up ahead.
The outlook seems to be fairly straight forward. There is an obvious resistance from the previous highs at around 45 cents. There is a good chance that we could see the end of this rally and a return back to the mid 20s. However, I would give the more bullish scenario (green) a slight edge, since we new article as well as mainnet seem to hold more potential. Also, over 6M coins have already been staked in just a week or so and thereby reducing the liquid supply.
The green scenario is very bullish, since it would be around a 6x and run through the big resistance in the 40s. I am very confident, however that there would be a rejection in the 90s since there is an even bigger macro resistance coming all the way from the Ator days indicated in black here. Personally, I am betting on the green scenario and like often it is perhaps too bullish.
Conclusion
This project seems to be an easy ride to $1+. Although it isn't actually, since I believed that in summer as well and price revisited the 10s. But overall the outlook is clear to me: the network is buzzing, relaying are constantly going online and more coins are getting staked by the day. It is only a matter of time before the dollar range commences.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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Thanks for the news about Anyone copin, I will check it out. And thanks for your support of my blog.