WILD Shows Signs Of Rapid Gain
Analysis & Sentiment Based Opinion
Recent Developments
The Wild Crypto platform aims to create an international Lottery & eGaming platform, taking advantage of blockchain technology.
From September 2017 until mid-December 2017 WILD consistently marked a trading volume of less than $10k (24h) on Cryptopia, at which point the volume picked up significantly, with a peak of over $400k-$500k (24h) trading volume on the 6th and 7th of January. This peak in trading volume coincided with WILD's High in price of 9500 satoshi. Subsequently, WILD formed a downwards channel. Similar behaviour can be observed when looking at the recent fluctuation of other Altcoins.
WILD attempted to break out of the downwards channel both on the 17th and 18th of January. Both times this attempt failed on a ceiling of 600 satoshi (with 4100 and 3700 as respective channel center prices). Currently WILD is making another attempt at breaking out of this downward channel. So far, today, WILD rose from 3500 satoshi to 4380 satoshi. Additionally, the 24h trading volume is steadily rising, and currently around $150k (after falling to $85k on January 17th). Over the last 2 days, other altcoins have shown signs of significant recovery, and WILD could likely follow.
These are positive signs, that a price explosion could be imminent.
WILD Platform Launch 1st Feb 2018
And these signs are supported by the imminent platform launch of Wild Crypto (WILD) on February 1st this year. Initially Wild Crypto intended to launch their platform on January 20th, yet that was postponed as of yesterday, as can be seen in the announcement below.
The official WILD twitter account just published a sneak peak walkthrough of the upcoming platform launch. It includes a few interactive betting games as well as a lottery feature. WILD isn't far from their launch, as one can see.
The video linked is embeded below.
The lottery industry alone is worth $270B as of 2017. Given the fact that most crypto valuations are based on future projections, WILD seems a good bet for the short-term (70%-400% in the next 4 - 30 days from 4000 satoshi). Long-term prices are more difficult to predict, and in the long-term, execution and traction will be crucial factors (with risk factors any StartUp would be subject to). Therefore it could pay off to invest in WILD prior to their launch.
Please note that this article solely represents my opinion based on analysis and research I have conducted. As always, make sure to act with due diligence.
Found this article helpful, and aren't trading on Cryptopia yet but would like to? Feel free to use my reference link: https://www.cryptopia.co.nz/Register?referrer=capeflow2
From your new follower,
Very good analysis of Wild Crypto.
Are you participating in the Eco-Mining program that Wild Crypto offered a while back? Just wondering who took advantage of it.
Have a great weekend!
Steem on,
Mike
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Thank you for the encouragement Mike!
I read through some of your articles/comments and appreciate the no-nonsense approach. So I am looking forward to new material.
I only started researching WILD in more depths a few days back, so I missed that one. I see now that the Eco-Mining program had a caveat in that the initial purchase is locked in for 6 months. I guess this could be a curse or a blessing. Did you take advantage of that?
Slightly off topic now. I wonder if you have an opinion on the upcoming Bee Token ICO. I am now Whitelist approved, but haven't made up my mind yet. There seems to be a lot of hype. But maybe that's a good thing. Planning on posting something once I have more clarity.
Also NEX is one I am wanting to research more, not sure if you have an opinion on that?
Have a lekker weekend! (as we in South Africa would say)
Flo
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Regulations prevent me from taking part in a good many ICO's anymore. It seems like every ICO is steering clear of regulatory authorities these days. It was a wide open market last year, but not this year.
Toward the end of last year I had to start buying into the new tokens on the exchanges, sometimes are a higher price than during the ICO.
One day the exchanges will like clamp down on selling tokens to comply with regulatory authorities.
I have heard of the BEE token. But due to the regulatory environment I decided not to pursue it.
Sharpe Capital (SHP) has a token I was able to participate in. On their platform, when you rate stocks (and soon cryto-currencies) you have the potential to earn ETH each month. It is not entirely passive. If you do not perform any ratings on their platform, then you don't get any ETH.
I have not heard anything about NEX. I would assume regulatory restrictions would keep me from participating in that ICO too.
I have a wide enough crypto-portfolio to keep me busy for now.
Enjoy the weekend!
Steem on,
Mike
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Interesting thoughts. At present I seem to be mostly unaffected by regulatory restrictions living in South Africa. I guess that's one benefit of your government being behind one or two steps behind.
So it's possible exchanges will make token trades more stringent. That makes me more grateful we can still roam around in unchartered waters!
I see the SHP alpha is live already. Will certainly check it out. Wonder when/where they will open for public trading. Thanks for this info!
Cheers
Flo
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we will wait 1st feb.
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Yes that's one potential strategy. Just that the price might move significantly prior to that.
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A compromise might be putting in a stacked Buy order from 3400 to 2800 satoshi in case there is a significant temporary dip prior to launch. I still have those active. And a trigger on those will increase chances of profit significantly.
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