BitShares: It's Finding Its Path
This one's for my investors that bought BitShares while it was under $0.14 a couple of weeks ago.
BitShares, the decentralized exchange of 2018, has seen an incredible surge that has brought back over 80% returns over the last week, along with the rest of the market.
What brings special interest to this coin though, is what it looks like against Bitcoin:
We've already seen BTS go through two market cycles, establishing long term resistance points shown by the green and yellow lines. We've seen the inflection of the 50 and 200 moving averages (in blue and yellow), and we should likely see if we can get past the yellow resistance line. If it does, the sky could be the limit for our friend.
There is always a chance that this could be a sucker's rally, but action on the 12th suggests otherwise...
...since the rally drop was met with a stronger push upward. That push even tried to get cancelled out, but the bulls recorrected the correction.
BitShares is one of the leading decentralized exchanges in terms of functionality and ease of adoption. Highly extensible and supporting all of the basic coins (BTC, LTC, EOS, NEO, LSK), BitShares cannot be shut down as it has no central point of failure, nor can your funds be stolen due to network hacks. It's also anonymous, requiring no ID verification.