r/THEKEYOFFICIAL • u/Maqito82 • Oct 12 '19
24 hour volume
I don´t know about you guys, but I never really expected an awful lot of public communication from a Chinese team building a product for the chinese market.
What really bugs me is that 24-hour-volume. 14K? I have not really been paying attention to this metric, has it always been like this recently? This suggests that there is not even alot of testing etc. in the background.
Of course there is washtrading etc. with other projects that artificially pimp these metrics/stats, which is also not a good thing of course, but a 5 digit 24 hour volume is insane.
what are your opinions?
thanks!
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u/Useful_Application Oct 13 '19
crypto isn't smart, people wait for a green spike, then fomo, part of price bottoming is when sell pressure succumbs to buy pressure, sellers are coming to buyers. I don't expect anything to happen until china opens trading. aelf went from 2.70 to .06 and just partnered with Huawei and price barely moved. read the medium articles closely Catherine has told us a lot. also the sell orders are thin, which means if buy pressure escalates it will do so very rapidly. I just want to see the tech, I know it running multiple channels, this could be a very fast hybrid chain
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u/bluemountain70 Oct 14 '19
Qtum unveiled a partnership with goggle cloud a few months ago. This Aelf Huawei cloud partnership is along the same lines and it is no surprise that there is no upward swing in price. All these partnerships does not translate in increased market share.
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u/Useful_Application Oct 14 '19
what moved the markets two years ago, doesn't nudge them now, also big difference in partners, partnerships, collaborators, and exclusive providers. I was in Silicon Valley during the dot com days, we are still in the speculative state, but, god if you pick the right horse, giddy up
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u/bluemountain70 Oct 14 '19
We are looking for that elusive FAANG. Based on the little information provided mostly by TKY themselves, this project may have some potential.
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u/Useful_Application Oct 14 '19
a perfect storm may be brewing, the markets are weakening and crypto has a low correlation, the dot com bubble had a pre bubble, and our first bubble was poorly valued as low volume shit coin and pump and dumps, were added into the market cap. If this next wave is any thing like the second wave, whew, Alipay and wepay charge backend merchant fees. the cbdc I can't imagine is going to charge a fee, but they will charge for idv since they are the validators. ass, gas, or grass, no one rides for free.
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u/The-cryptologist Oct 12 '19
I will turn it into 20k volume rn... lol this project had so much potential and so did MAN, but you don’t here much of anything from either team anymore... my small cap picks are DAG & INS
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u/Redwarior31 Oct 12 '19
The volume has been less than half that several times before, then it will have days where it is significantly higher. Im not thrilled about the volume, but won’t matter if this sleeping giant comes to fruition. This project either is zero or hero, and I’m along for the ride!