[PERLUSDT] Why I believe it can go up to 600%
Hello all!
A bit of introduction for "PERL" project:
"One of the initiatives at PERL.eco is to integrate carbon credits with blockchain. The goal is to create an impact-driven ecosystem by tokenising real-world ecological assets. With carbon credits linked to the PERL tokens, we are creating a new class of digital assets that have real value and is scalable. As the carbon credit market grows, we are confident the real value of this new asset class will follow. Importantly, it makes carbon credits more accessible to everyone. "
Full article here
Even though PERL.eco's platform is still in early stage, I truly believe this project has a strong vision and can bring ACTUAL solutions to real problems. Provoding an effortless way to get carbon-credit with a whole bunch of options and assets is definetely something not seen before in the crypto ecosystem.
This project is still new and whole ecosystem around PERL is only getting started, so it's still risky to say fundamentals are strong for the moment. We can anyway believe the purpose of this project is valuable and the project is atleast trying to offer REAL usecase of the token in the real world: it is commendable.
Moreover, the project is raising funds for real projects such as the Dian Fossey Gorilla Fund, helping gorillas to be protected.
You can find more about Q3-Q4-2022 roadmap here
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Technical analysis (long term):
MACD is currently trading above signal line and RSI is showing a light bullish divergence (Weekly timeframe). We can see that Perl is growing in an ascending channel since May 2020.
A bars pattern projection (green rectangle) with the previous pattern (yellow rectangle) is surprisingly matching perfectly into the channel.
Trend-based fibonaccis show interesting matching levels with 2.618 being the top of the channel.
Reaching that top by the end of the year (Nov-Dec 2021) would be a 600% move from today's price.
Please note that this is not an investment advice, I'm posting (as always) according to my thoughts and I'm still learning. Manage your risks and position.
Good luck everyone and let me know in comments what you think of this scenario! :)
A bit of introduction for "PERL" project:
"One of the initiatives at PERL.eco is to integrate carbon credits with blockchain. The goal is to create an impact-driven ecosystem by tokenising real-world ecological assets. With carbon credits linked to the PERL tokens, we are creating a new class of digital assets that have real value and is scalable. As the carbon credit market grows, we are confident the real value of this new asset class will follow. Importantly, it makes carbon credits more accessible to everyone. "
Full article here
Even though PERL.eco's platform is still in early stage, I truly believe this project has a strong vision and can bring ACTUAL solutions to real problems. Provoding an effortless way to get carbon-credit with a whole bunch of options and assets is definetely something not seen before in the crypto ecosystem.
This project is still new and whole ecosystem around PERL is only getting started, so it's still risky to say fundamentals are strong for the moment. We can anyway believe the purpose of this project is valuable and the project is atleast trying to offer REAL usecase of the token in the real world: it is commendable.
Moreover, the project is raising funds for real projects such as the Dian Fossey Gorilla Fund, helping gorillas to be protected.
You can find more about Q3-Q4-2022 roadmap here
__
Technical analysis (long term):
MACD is currently trading above signal line and RSI is showing a light bullish divergence (Weekly timeframe). We can see that Perl is growing in an ascending channel since May 2020.
A bars pattern projection (green rectangle) with the previous pattern (yellow rectangle) is surprisingly matching perfectly into the channel.
Trend-based fibonaccis show interesting matching levels with 2.618 being the top of the channel.
Reaching that top by the end of the year (Nov-Dec 2021) would be a 600% move from today's price.
Please note that this is not an investment advice, I'm posting (as always) according to my thoughts and I'm still learning. Manage your risks and position.
Good luck everyone and let me know in comments what you think of this scenario! :)
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