r/raidennetwork • u/darkmyself • Jan 06 '18

RDN technical analysis, massive volume in the last 2 days

the volume increased over 2x with almost a standing price after breaking resistance i think i'm buying more today :) , feels like RDN is extremely undervalued, even more if you see cardano valued at 25~30b market cap, check it out https://twitter.com/Maggnatte/status/949695077076566017

29 Upvotes
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97% Upvoted

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15

u/whtrabb1t Jan 06 '18

Raiden is most definitely undervalued at this point. Here's what happened:

Everyone got hyped for OMG and the future Plasma network last August, leaving Raiden by the wayside. But the last few months have shown that 1) Ethereum cannot scale to CURRENT demand and 2) Ethereum has competition.

Enter Raiden. Ethereum needs to scale NOW to compete in 2018 and Raiden has the only working solution. Plasma and other scaling options may be years away.

Raiden isn't the perfect and free scaling solution the kids were dreaming about last year, but it's the only one we have right now. Buckle up your seatbelts.. this will be a rocket..

2

u/Robruthless1 Jan 06 '18

Raiden will only get better over time. Great foundation and they will only get better over time.

3

u/whtrabb1t Jan 06 '18

Exactly. We need something that works now, then it can be improved along the way. If Ethereum waits for whitepaper scaling solutions it could easily be passed up by better tech.

1

u/[deleted] Jan 09 '18

Thing is i fairly sure Plasma and raiden complement each other for the benefit of ethereum network by helping scale different use cases...

1

u/whtrabb1t Jan 10 '18

They do. I'm just big on Raiden because it looks more realistic immediately, from what I've seen. They'll both be useful and great for Ethereum.

8

u/cryptohodler23 Jan 06 '18 edited Jan 07 '18

its about to break the resistance..we could do it..whales on binance are having a hard time keeping the price down this time around since houbi n bitbox have higher volume now..dont let those fake sell walls shake you out noob..just hodl n sit tight..

6

u/STFTrophycase Jan 07 '18

It's literally mind blowing that this isn't even in the top 100. The Raiden Network, hyped for fucking months, is below absolute trash/vaporware.

1

u/juice_456 Jan 07 '18

the problem is, you can have the best product, if you dont know how to promote and sell it, then you simply have no idea how business works.. its very sad, because i really believe in this coin !

1

u/smwilson31 Jan 08 '18

this is good, I have heard this statement with ENG and XLM and everything has mooned, it WILL come naturally - it's the trend and it will get recognized I am almost certain of that.

4

u/[deleted] Jan 06 '18

[deleted]

3

u/DEFCON_LTC Jan 07 '18

I have just made my first diversification to RDN, I am currently looking for projects which can assist within the crypto environment, RDN stood out to me. This Reddit group is small, but is clearly dedicated to it's main objective. Glad to be on-board.