Paribus (PBX) Fundemental and Techincal Analysis
A bit of a deeper dive on a coin I looked at awhile ago, Paribus (PBX). A coin that wants to offer chain based lending, synthetic assets, and NFT collateral based loans, all on the Cardano Network.
FA wise: I thinks needs more catalysts to develop before seeing potential. ERC-20 to CAD-20 token converter needs to be on the mainnet, a dex like sundaeswap needs to launch, and the team needs to show some further development of their utility. I haven't seen any work on the actual product yet. One point of concern is the tokenomics, as I can't find information on this.
TA Wise: This is a small cap with a current market cap of $12.5 million. Therefore, any TA will have to be balanced with the appropriate amount of risk of something on the smaller side. Diving in, It seems to hold .015 as minor resistance, and 0.01 and 0.095 as supports. Expect some resistance at the 0.03 as it has struggled to stay above that price, as of now.
**Not financial information, for my own learning purposes! Read at your own risk!**
FA wise: I thinks needs more catalysts to develop before seeing potential. ERC-20 to CAD-20 token converter needs to be on the mainnet, a dex like sundaeswap needs to launch, and the team needs to show some further development of their utility. I haven't seen any work on the actual product yet. One point of concern is the tokenomics, as I can't find information on this.
TA Wise: This is a small cap with a current market cap of $12.5 million. Therefore, any TA will have to be balanced with the appropriate amount of risk of something on the smaller side. Diving in, It seems to hold .015 as minor resistance, and 0.01 and 0.095 as supports. Expect some resistance at the 0.03 as it has struggled to stay above that price, as of now.
**Not financial information, for my own learning purposes! Read at your own risk!**