CRUST: About to test long term downtrend!!

2022년 9월 12일

Crust has found support down in this range and is forming a falling wedge pattern which is a bullish pattern.

It's also down 99.6% since its ATH $178!? Theres been small volume coming in, its been in a range and is about to test its long term downtrend-line.

• This is a legitimate WEB3 Project which has been building the whole time
  
• They have kept active in the community, attending multiple hackathons recently all over the world
  
• They have continued partnerships, with the list growing each month
  
• Their mainnet has been live for 12 months with out any outages
  
• They are currently auctioning for a Polkadot parachain slot
  

What is Crust?
Crust provides a decentralized storage network of Web3 ecosystem. It supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to application layer. Crust's technical stack is also capable of supporting a decentralized computing layer. It is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Current node count: 2015 nodes
Current storage capacity: 868,326 TB

Over half Crusts Total Supply of 24,988,629 tokens is on the market with a circulating Supply of: 14,120,297 and a current market cap of $11,709,983. Previously, It only took a total market cap of just over $106 Million for the price to hit $155-175. Filecoin has a current market cap of over 1.8 Billion!

Can it happen again? Who knows. Can it go down further, of course! What I do know is this might suit the value investor.

Not financial advice.

VJ