There is still room for growth even if the prices oscillate. Most people are focused on "to the mooooon!" and draw charts with ridiculous breakouts. What has been constant in my analysis so far is that if the current trend holds, we can expect steady, if slow growth for XVG.
However looking ahead to the end of the month we might arrive at pivotal point as the decreasing peaks meet the progressive growth. If the growth does not win out we may be facing a very long period of depressed prices for XVG unless there is some big news that spikes interest. But based upon prior experience, that will only attract short term speculators which will temporarily pump the price.
It might be surmised that the apparent constant growth trend is owing to a community that believe in the tech and persisting with investment. It might be large enough to sustain it.
If the growth does win out over the diminishing spikes, it might finally prove to the doubters that XVG is here to stay and thus those non-XVG faithful might start to consider it as a serious investment and currency vehicle rather than a pump and dump play thing.
This is a more long term prognosis. If you're looking for a chart to enforce your fantasies of an overnight "to the moooon!" this is not it.
However looking ahead to the end of the month we might arrive at pivotal point as the decreasing peaks meet the progressive growth. If the growth does not win out we may be facing a very long period of depressed prices for XVG unless there is some big news that spikes interest. But based upon prior experience, that will only attract short term speculators which will temporarily pump the price.
It might be surmised that the apparent constant growth trend is owing to a community that believe in the tech and persisting with investment. It might be large enough to sustain it.
If the growth does win out over the diminishing spikes, it might finally prove to the doubters that XVG is here to stay and thus those non-XVG faithful might start to consider it as a serious investment and currency vehicle rather than a pump and dump play thing.
This is a more long term prognosis. If you're looking for a chart to enforce your fantasies of an overnight "to the moooon!" this is not it.