short squeeze incoming 20.5 up to 57 usd.
time of prediction: 2022-05-23 2:07, 5.9 usd.
On target.
~
Nice prediction! I hope for you you acted like it
But do you really think it'll go much higher to $20 and even >$50? I think it depends too much on the overall market. If BTC goes to $40k then anything might be possible, but if it goes to $20k then also Waves will crash. I only see limited potential to really abuse the situation here.
If the BR can be reached then I don't see Waves/USDN with much problems anymore. Will there be a bankrun? I am not sure. People are locking their Stablecoins on Vires and most "paper hands" are out of their Vires deposits using vTokens...
10.45 is valid top with 150% intraday pump on 400m squeeze and 2 bn volume. It can still manage 30-40 USD, easy 20-25. But the risk reward is not good at 8.3, lots of multi year downside to 10 cent if the billion dollar short continues. Only buy as much waves as you really use and need and save the rest for catastrophic sub 80 cent dump.
If this was Ivanov or buddies with the 400m short which is now covered they have billions in profit from -95% dump plus the extra 500 million USDN. They can do anything they want with waves from this point such as 10 cent dumping. In bear market no one will try and liquidate such a huge short except WSB.
It is possible to turn around the situation but in this bear market it will not be profitable so the short will continue question is from what price level. So 2 year bear -90 to -99% and then if all goes well triple digit 2025/26.
4-20 USD zone is toxic from this point until considerable improvement is observed. Buyzone is 1.15-2.7 usd, opportunity below 60 cents, all in 5-15 cents. In 8 zone maximum few thousand dollar long or a few percent of portfolio unless daytrading.
TurtleNetwork is interesting at 0.0025, same idea as Waves on 250k market cap. Not surprised if it goes over 1 usd eventually.
Put aside some cash for TN fishing at 0.001 instead of getting rekt in waves down to 80 cents and enriching the billion short guy. Easy to say hard to do.
USDN depeg 5:1 or worse will trigger 80 cent short but Ivanov must repay USDN/C first? then it was the profit from 60 usd short that was covered yesterday which will be used to release 400m USDN, and now the real short begins triggered by USDN implosion. Ivanov will probably not face jail but definately he will be punished by paying fine, quite a big fine. He has the benefit of escaping the stablecoin regulation before implementation as any criminal action is not punishable before law enactment. However it reminds me of something called Liberty dollar I think the creator was jailed but he was american, it was a short sentence and he is free now. It is some form of digital counterfeiting, quite bad. By the way all Vires investors you will not get your money back. Ivanov already did this before with something called WUSD and he blamed others for the failure and will this time too.
So now that we have a case for DeFi 1.0 implosion, perhaps the investor will be more open to buy vintage crypto art. The only thing from this foundational period that will have lasting value in my opinion. But it is not cheap. De Fi ponzi lasted longer than expected, they really tried to milk it until the end. Enraging that these criminals while comitting fraud also were sabotaging real valuable projects.
Things like this will not be easily forgotten.
But we are not quite at the edge of the abyss yet, let us see how Ivanov will play this 400m gambit. My guess he will save himself when he understands that waves in its current form is inoperable. The only way for him to do it is by nuking waves and USDN while putting 1bn short and then exit and stay cool for the bear cycle and return just in time for Defi ponzi 2.0 after btc halving.
The second option is by rerouting income into the neutrino protocol which they are attempting. In combination with staking the 400m USDN instead of liquidating it and using revenue to stabilize the network. I don't think it will work but it has never been tested so who knows. The organic revenue flow is thousand of times lower than ponzi apr that is being touted to lure investors and rob them.
Double top is off the table.
Dead cat 34.6 and 6 usd first with some luck. Price at time of prediction: 8.5 (8:52 1/6)
A suiting end for a swindler with nine lives.
