pNetwork Project Overview + Chart Analysis (Bullish Wave Next!)

10 gru 2020

The pNetwork is a decentralized network of validators contributing to the verification of crypto asset switches across blockchains.

pTokens aims to be a decentralized open-source system facilitating cross-chain movement of assets.

As the cryptocurrencies industry continues to evolve, the development of alternative financial platforms is on the rise. A critical component for these to succeed is assets’ liquidity, which in the decentralized scene is currently spread across multiple independent blockchain protocols.

The pTokens system bridges a variety of blockchains, powering the free movement of crypto liquidity. These bridges are operated by a network of validators, whose role is to verify the cross-chain asset switch and to
guarantee the 1:1 peg with the underlying asset.

pTokens removes the need for a trusted intermediary by creating a crypto-economic incentive through a governance token.

The incentives mechanism is at the foundation of the pTokens system - the pNetwork Token (PNT) is leveraged to drive governance decisions, encourage community participation and adoption. While fueling validators’ activities, the PNT token is a key element of the staking method at the basis of the network.

Website: p.network
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It took over 115 days for PNTBTC to show signals of a change of trend... That is almost 4 months before prices stopped dropping after hitting a peak.

We can now expect the same but in reverse... A long period of bullish action can take place.

The bearish wave was extended a bit longer than expected when it comes to the smaller altcoins but this is normally the case... It doesn't really matter how long it takes, you get a bullish wave after a bearish wave.

The trick is to know when to buy when to sell...
The market moves in waves.

Namaste.