Bitcoin Forum

Buy Recommendation: Pearl Oyster (PRL) on EtherDelta (https://etherdelta.com/#PRL-ETH)

Why I Like It:
PRL is the economic bridge between content publishers, content consumers, storage providers, and storage consumers. The platform provides a novel solution that helps website owners monetize content on their website using a secure decentralized data storage solution. Website visitors contribute a portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger. In return, such users indirectly pay the website owners for maintaining the storage of their data.

Strong Value Investment Characteristics:
1.  Low Market Cap of $1.5M (with ample room to run)
2.  Skyrocketing Volume (volume has picked up massively since December 15th and continued to climb up until now with a huge spike in volume today)
3.  Solid Media Coverage (Shout outs in HuffPost and various other media publications)
4.  Strong community (Telegram group has over 2,800 members)

Other Notable Items:
1.  There is a fairly significant sell wall currently in place – I wouldn’t be overly alarmed. Their ICO didn’t raise nearly as much as they anticipated, so the dev has put in place a few massive sell blocks to generate more funds for PRL. Most notably, the use of proceeds will be focused on getting placed on additional exchanges, with 2-3 ready to go once listing fee is in place. Regardless, these walls are getting mashed. 7M PRL (or 23% of total circulating supply) has already changed hands in the last 24 hours.
2.  More of a footnote, but in support of the strong community point, PRL has already received 3 shout-outs in one of the more popular Reddit undervalued coin threads for this month (https://www.reddit.com/r/CryptoCurrency/comments/7kqe48/shill_you_favorite_50m_marketcap_coins_that_will/).

TL;DR Summary
At PRL’s current price (~$.05) and market cap (~$1.5M), this looks like a possible ED gem. It is more than worth the risk at this price point and has already doubled up since I bought in 3-4 days ago. I think this is a ride worth taking and would recommend hopping in prior to the coin getting listed elsewhere in the next few weeks (this is imminent, particularly with the dev team raising an extra ~$200-$300k for exactly this purpose in the last 24 hours). DYOR but consider joining me for what I am hoping will become a moon ride. More analysis like this at: https://t.me/WolfCryptoPub

Agree this ones going to the moon.

- Bruno is an awesome guy and highly active.
- Solid product. Read the whitepaper, really smart DEVs. Really took me a few reads to understand it and process correctly but it's quite genius.
- Solid Website.
- Solid Names and Logos.
- 108M Total Supply, 31M Circulation, and currently a 0.5 cent price. Rarely see that. 100x potential (of course, speculation on my part)

I invested a week and a half ago and hoping this is that one that takes off for me. Once it gets off EtherDelta (ugh) it should shoot way up there.

I agree with you guys. This is a serious project with some huge gains for the early investors like me. I bought a bunch for about 1/2 cent and will hold it till it reaches atleast $5.
The best community i have been part of.


Go Oyster Go

Haven't decided what my sell point is. Was thinking $3 but considering $5.

Agree with the points made. Very undervalued at this low market cap so can run up 10x easily
from here.

Don't give away the free money  :-\

Having researched the technology, team, and community seems like a solid project - very good use case. Surely not a matter of if, but when this project will take off.

Marketing and lots of other things in it's infancy - barring this, definitely something to get into early.

I’m glad I saw this project a couple of days ago on r/cryptocurrency. Even though the ico was under funded it did not stop the devs from working hard. The telegram group is amazing and the first main net release is around the corner in April. While testnets and such will be coming within weeks or even early 2018. Unfortunate that it’s only traded on etherdelta, I spoke to the team and they are working hard to get listed on other exchanges.

Quick update: PRL is now top 10 in volume on EtherDelta for the day. The sell walls at .00005 and .00006 ETH were absolutely smoked and have netted the dev team an additional $450k in ETH (they only raised ~$80k during the ICO). All this volume occurred while BTC was dumping during this BCH run which is even more surprising. Buckle up, this thing is heading higher.

Another all time high, 5.3 cents.

I am going to check this out now, extremely low cap is always exciting!

I’m glad I found this project, lots of potential and from what I read although underfunded the dev team is working hard. Very excited to see what it can do.

+40% delta trade profit, what special of PRL?  ???

The awareness of this coin blew up in the past 24-48 hours. Felt like no one knew about it and now everyones hopping on. 5k daily volume under 2 weeks ago and 500k+ now.

It's a very solid project and Bruno is a dev that constantly interacts with the community. Even when he has to use the devfund he shows proof of invoice.

this is the typical project that you check in coinmarketcap in february and you wonder how could it dip to 0,005$

Coin looks nice espacially having a project based on ethereum and iota with a real usage  :-*

This is one of those coins that has real world value and not just hyped by a social media chump. Imagine clean websites with no ads cluttering up the UX

I checked out the resources available from the Pearl Oyster Team, seems weak at the moment.  Good luck to those that invest.  Be weary and ensure you do your research. 

Up to 6 cents today with 875k volume and just listed on Kucoin!

Volume is now Top 3 on all of EtherDelta. This thing is flying. Devs have now raised over $700k (they raised $85k for the entire ICO). This sell wall at .00008 ETH is moving quickly so would think about getting in soon if you haven't already.

I've never seen sell walls break down so fast. It's like an ICO being on an exchange.. if that makes any sense.

Anyone who buys soon could be a whale of this coin in the future. I got in at 4.0 cents. Still kicking myself because I was trying to buy at 2.5 cents but EtherDelta was confusing the heck out of me.

Thinking of getting in at 0.000079900.  Foolish?  I want to be back out of it within 24 hours.

This is a long term hold, not a 24 hour hold. Risky and Foolish IMO.

Thanks.

Not exaggerating it but we'll see that $5 mark by Q4 next yr...

The last few days shall forever be know in history as Oyster Pearls battle of the wall.

5 Major sell walls stood before us, as a community we rallied together and have all but demolished 4 as we speak.

Now stands before us the 5th and final wall. 5 million pearl or 450 Ether high, it is the most formidable yet. To victory!

What lies beyond this final blockade? Some talk of a far away land, known in tales as 'the moon'.
All I know for sure... it is a land full of riches for all those brave enough to stand in this last fight.

Once that sell wall goes, the invasion (price increase) will rapidly begin.

Only 50 ETH left on .00008 sell wall. Only 1 left after that. Insane that devs have raised close to a million off of these first 4 walls. Only one left and this thing will rocket.

Good call on this one. 2 cents to 29 cents in a week and a half and it is literally just the beginning. Also IOTA gave their full support for the coin which is amazing.

The is just the beginning guys, could be a $10 quite easily.

Here's a video I made about the coin, I didn't go into any technical analysis because I am not a coder but I talk about the coins basics and long term potential.

https://www.youtube.com/watch?v=Fa4L4dlLQlg&t=

I cannot manage to see my pearls inside the MEW, even though ealier I could. Anyone experiencing the same problem? The are appearing om ethplorer.io though, it is just in MEW where they don't.