I got a feeling about good old $CLAMs (CLAM). Will it rise again??

in cryptocurrency •  7 years ago 

I got a feeling about good old $CLAMs (CLAM). Will it live again? This is CRYPTO!

Rule #1: Expect the Unexpected...

Although this coin dumped hard back in October 2017, here are some factors that may indicate an impending move upwards.

DISCLAIMER:
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it, and I have no business relationship with any company member mentioned here.
I own a very small bag of $CLAM.
This is a VERY RISKY investment and this strategy is based much on speculation. I could obviously be wrong. I am not responsible for any trading decisions. PLEASE, DYOR.

INVESTMENT RISK/REWARD:
* High Risk
* Potential +69% return
* Buy Range: 40-52 sats. Sell Range 60-70-80-90+
* Time Frame: By first week of May.

QUICK MARKET QUICK OVERVIEW (APRIL 19 2018)
* MARKET CAPITALIZATION $12,731,149
* 24 HOUR TRADING VOLUME $278,117
* 24H LOW / 24H HIGH $4.07 / $4.37
* Circulating Supply: 2,969,255 CLAM
* Total Supply: 16,665,869 CLAM

RECENT
* $CLAMs (CLAM) launched in 2014. Many 2013 and later coins have mooned, but $CLAMs has not. It dumped.
* $CLAM dumped real hard late last year. Ouch!
* It's time for either a move upwards or project death. Not that many options!

MEDIA
* $CLAM was spotted at the Block Hack 2018 conference in
* $CLAM was mentioned on John Oliver show LOL https://imgur.com/a/zrRZG

SOCIAL
* There has been extended silence across social media for many months. Little activity.

TA
* There is visible accumulation and resistance in our current range across all trading exchanges.
* Rolled into the Ichomuku cloud this past week.

DEV
* Original / Official Github has no activity or commits in over a year
* HOWEVER, @BayAreaCoins comments on Reddit on April 18 2018- "CLAM is being developed and the new wallet is about to be released after Xploited is finished testing it."
(source: https://www.reddit.com/r/Clamcoin/comments/8c8q0e/is_anyone_developing_the_clam_wallet_is/)
* New Wallet = Move Upwards.

TRADING AND EXCHANGES
* $CLAM trades against $DOGE, $LTC, $BTC, and $ETH.
* $DOGE has been rising steadily so maybe 'THEY" will use $CLAM as an exit?

ORDERBOOK
* Asks increasing, Sell walls moving further awayfrom average mean.

PROJECT DEVELOPMENT MYSTERY:
* The development plan shown on the official Clams website shows that the project is 90% complete - and NOT complete.
* Although their website has not been updated in a while. Another mystery remains in their development plan: Note below, the - (??% COMPLETE) Moon.
* Development Plan: CLAMmonetas. - (90% COMPLETE) Proof-Of-Working-Stake. - (70% COMPLETE) Update to Upstream Codebase. - (70% COMPLETE) CLAMshell. - (60% COMPLETE) CLAMchat. - (20% COMPLETE) CLAMtrader. - (10% COMPLETE) CLAMmarket. - (??% COMPLETE) Moon (source: clamclient.com)

WEB DEV
* The http://clamclient.com/ last header date:·Sat,·16·Dec·2017·15:46:01·GMT(CR)(LF) - Modified date is even earlier.
* Note: 4 months isn't too bad at the end of the day given the small team and the wild bear market.

THEORY
* I have a 2013 and 2014 coin theory which I will share another time.

MARKET DATA
Recent Data pulled from CoinMarketCap and shows increased activity across markets.

(https://coinmarketcap.com/currencies/clams/#markets) as of 4/19/2018

1 Bittrex CLAM/BTC $163,573 $4.27 59.37%
2 Poloniex CLAM/BTC $108,510 $4.24 39.38%
3 Cryptopia CLAM/BTC $1,766 $4.79 0.64%
4 YoBitYoBit CLAM/BTC $1,681 $4.20 0.61%
5 BleutradeBleutrade CLAM/BTC $7 $4.79 0.00%
6 BleutradeBleutrade CLAM/DOGE $0 $3.74 0.00%

https://www.coingecko.com/en/coins/clams/trading_exchanges

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