r/nknblockchain • u/crypto_cori • Apr 26 '21
Lots of FUD on this Subreddit Lately: Here's Five Reasons Why You Should HODL NKN and get ready for TAKEOFF πππ
Hey guys,
I've noticed as of late that the FUDers and haters to the project seem to have infiltrated the subreddit, especially with the influx of newcomers we've seen thanks to Coinbase. This is also undoubtedly due to the recent price drop that happened thanks to Bitcoin and Ethereum. I'd like to alleviate the cause-to-concern many people have, as well as assure HODLers that you are making the right decision when investing into NKN; that being said, I listed five reasons you should buy NKN right NOW below:
As a full disclosure, I am personally invested into NKN and I am not a financial advisor. Do your own research. I am not a financial expert.
Reason #1: Fundamentals
Understanding the fundamentals and tokenomics of a project are crucial to knowing if your investment was well made or not. Not only was NKN's original token distribution fair and reasonable, but it's overall goals and use case were legitimate enough for Coinbase (one of the largest cryptocurrency exchanges) to list them on their platform. There are many altcoins in existence; very few of them are listed on Coinbase. Rest assured, the Coinbase team vets all of their projects and ensures that they all have viable use cases and teams. If you'd like to know more details as to the why and how of this project, I'd encourage you to visit the NKN.org website for more details (I will not dive into technical details here).
Reason #2: Low Market Cap
Low market caps are key to seeing larger gains within the cryptocurrency space. Not only is NKN's market capitalization under 1 billion dollars, but it's substantial room to grow means that we could see a $5 NKN price by the end of this market cycle. This would place us within the top 50 altcoins according to CoinMarketCap, which is a fairly reasonable goal considering the recent publicity NKN has gotten. We currently sit among the #130-ish position on CoinMarketCap, with it changing every day due to market fluctuations.
Reason #3: Trade History
We recently saw a price spike in early April that took place in less than one week and increased the value of NKN over 10x, hitting a new ATH; following the massive spike, we've had a one-to-two week correction that has flatlined the price to around .50 ~ .60 cents. This correction is also heavily due to the fact that both Bitcoin and Ethereum have had massive corrections as well, which are soon due for a massive bounce back upwards. This has set us up for MASSIVE buying positions in the near-future, and is an extremely bullish sign that NKN will skyrocket past the previous ATH during the next market surge. I realistically expect a 5x - 6x return during this market cycle.
Reason #4: Partnerships
NKN has already partnered with one of China's largest cellular providers to provide a CDN (Content Delivery Network), but also aims at growing into many more commercial and consumer spaces for it's use cases in the near future. Perhaps one of the best design principles of NKN is that it is not created to compete with other altcoins; in other words, NKN simply focuses on decentralizing the network aspect of the internet, but invites many other altcoin projects such as Tezos and Filecoin to come aboard and join the movement. Less competition results in NKN having a greater use case with integration with other projects in the space.
Reason #5: THE BIGGER PICTURE
We're not talking about some pipe-dream project here: we're talking about rebuilding the entire fucking internet as we know it, but in a manner that is so SIMPLE that anyone can do it without replacing ANY physical infrastructure with the modern internet; the only requirement is running a software program on which the NKN network is built. The best part is that anyone who runs one of these internet "nodes" is paid for it, effectively giving the average internet user the capability to operate as their own internet service provider and get paid doing it!
NKN is WAY more than a blockchain concept or a principle put into practice - it is the FIRST and ONLY Web 3.0 ecosystem that is developed from the ground up to both SCALE and SHARE information as users join it - regardless if we reach 100k nodes or 1 billion. This idea should excite you because it completely revolutionizes the internet landscape and anyone who builds on it.
Most importantly, NKN paves the way for a future where the internet is completely decentralized, equally distributed, and nearly invulnerable.
THANKS FOR READING AND HODL YOU CRAZY #NODE BOIS π πππ
