Today the Substratum Team released a test net for their project to beta testers who signed up. The team claims they have their beta ready for release to the public and will be releasing it sometime in the next few weeks. The reasons for substratum's pump from November to January was mainly because of investors speculation for the release date of the beta. I believe the previous anticipation from late 2018 will come back into substratum before they release their beta project in the next few weeks.
From a technical standpoint, Substratum looks great. Substratum stopped its 3 month descent at 4,000 Satoshi making its previous resistance now support. Today we saw massive volume traded (2,000) btc. I think the volume we saw today could be an indication of substratum future gains. Substratum broke its descending trend line and is showing strong signs of support stopping at 4,000 Satoshi. Even though we saw a raise, Substratum is still less than one third of what it was worth at its all time highs. If the team delivers on their promise of a beta, I think Substratum could see new all time highs after the beta is proven successful.
Substratum is one my favorite projects in the cryptocurrency space and i am excited to see how substratum takes advantage of their huge potential.
From a technical standpoint, Substratum looks great. Substratum stopped its 3 month descent at 4,000 Satoshi making its previous resistance now support. Today we saw massive volume traded (2,000) btc. I think the volume we saw today could be an indication of substratum future gains. Substratum broke its descending trend line and is showing strong signs of support stopping at 4,000 Satoshi. Even though we saw a raise, Substratum is still less than one third of what it was worth at its all time highs. If the team delivers on their promise of a beta, I think Substratum could see new all time highs after the beta is proven successful.
Substratum is one my favorite projects in the cryptocurrency space and i am excited to see how substratum takes advantage of their huge potential.
评论:
I was dead wrong on Substratum. it looks like we will have to wait until the next alt rally to see some action here