Huge Price Increase Following Stakenet's 2.0 Rebrand And Presentation Video!

[Flux0z]

Stakenet launched their 2.0 Rebrand with a new cool logo, and a presentation video that explains what they do in detail.

Stakenet is probably the most innovating project out there on Lightning. Their masternode network is put to use and will be offering services, such as running the Stakenet Lightning DEX, Multi Currency Lightning Wallet, and route cross chain payments back and forth using Lightning, which allows unlimited transactions/s, with basically near 0 fees involved.

Check the presentation video here: https://www.youtube.com/watch?v=sXj3_qKSUBk&fbclid

The buy support has increased massively since they released this video, and I predict XSN will do a 3X - 5X in price before they release their DEX at the end of the year.

What do you guys think?

[Kemarit]

No surprises here, I mean if you see some massive pump, it's either the coin has just been listed on exchanges and pump-and-dump are working on them, or some positive news has come around to push the price higher, just like what you have been seeing with Stakenet 2.0. Good for people to ride this wave  and take good profits at this bearish market. But just be careful, you don't want to get trap after the buyin frenzy is over, don't be greedy, join the bandwagon but bail out on time.

[masulum]

FOMO coming after coin/token price increase more than 10%, they don't know already become pricing trap. Many good investor will buy when rumour come, and selling coin when news released.

If XSN already come to news stage, usually pricing will increased. It's mean FOMO will lost their money because they are buy coin/token when majority XSN holder already started to selling their XSN.

[nightflightcourt]

FOMO coming after coin/token price increase more than 10%, they don't know already become pricing trap. Many good investor will buy when rumour come, and selling coin when news released.

If XSN already come to news stage, usually pricing will increased. It's mean FOMO will lost their money because they are buy coin/token when majority XSN holder already started to selling their XSN.

I own a bunch of Stakenet MNs. Not selling a single XSN until 2021 at the earliest
This has yet to take off.

[Pelunize12]

i see nothing interesting here:

1 Stakenet (XSN) has low volume, low volume is easy to be manipulated

2 it just has low-tier exchange

3 after long bearish, then pumping, it doesnt mean good coin

[DaMut]

When I checked CMC, I found out Stakenet volume increased dramatically from $80,000 daily volume(two months ago) to $1,000,000 daily volume(these days). Afterward, I checked Coinall to see Stakenet market depth. But it is very thin, does that mean Coinall did a wash trading to pump Stakenet volume?
and seems like the same thing happened with it on Livecoin.

[nightflightcourt]

i see nothing interesting here:

1 Stakenet (XSN) has low volume, low volume is easy to be manipulated

2 it just has low-tier exchange

3 after long bearish, then pumping, it doesnt mean good coin

To be fair, Pelunize12...

1 A sizable majority of Stakenet is locked up in staking and masternodes

2 Exchanges don't matter. Getting listed on Binance is an ill-fated goal that's good for a pump at best.

3 They are getting close to launching the product they've quietly been working on since early 2018

When I checked CMC, I found out Stakenet volume increased dramatically from $80,000 daily volume(two months ago) to $1,000,000 daily volume(these days). Afterward, I checked Coinall to see Stakenet market depth. But it is very thin, does that mean Coinall did a wash trading to pump Stakenet volume?
and seems like the same thing happened with it on Livecoin.

Coinall has been wash-trading XSN to boost their 24h volume up. If anything, they made Stakenet dump in September. Now it's finally recovering.
Mostly everyone in XSN uses Livecoin to buy because it has no KYC

[CjMapope]

Stakenet launched their 2.0 Rebrand with a new cool logo, and a presentation video that explains what they do in detail.

Stakenet is probably the most innovating project out there on Lightning. Their masternode network is put to use and will be offering services, such as running the Stakenet Lightning DEX, Multi Currency Lightning Wallet, and route cross chain payments back and forth using Lightning, which allows unlimited transactions/s, with basically near 0 fees involved.

Check the presentation video here: https://www.youtube.com/watch?v=sXj3_qKSUBk&fbclid

The buy support has increased massively since they released this video, and I predict XSN will do a 3X - 5X in price before they release their DEX at the end of the year.

What do you guys think?

only 1000 views on that video, dosent seem to popular yet...
kinda weird anyways that Stakenet is just putting out "what is stakenet" videos? you would think a project that old would already be clear on what it is to people
probably a sign of it not being a very clear project , hasent this been around forever? does it do anything but offer MNs..? : / ill have to look at this one again...
Dex's are so over hyped right now tho...

[nightflightcourt]

only 1000 views on that video, dosent seem to popular yet...
kinda weird anyways that Stakenet is just putting out "what is stakenet" videos? you would think a project that old would already be clear on what it is to people
probably a sign of it not being a very clear project , hasent this been around forever? does it do anything but offer MNs..? : / ill have to look at this one again...
Dex's are so over hyped right now tho...

There have been videos like that circulating since early 2018. Nothing wrong with a new one for the rebrand imo.
Stakenet is a complicated project to explain because all the problems they are fixing in this space require at least an intermediate knowledge about the shortcomings of crypto as a whole.
A lot of people in crypto think atomic swaps are cutting-edge. Most don't even know what Lightning swaps are yet and they've been up and running on Stakenet since last year.

With XSN, it's not really about the masternodes so much as it's about what jobs the masternodes will do. For all the DEX hype, Stakenet's wallet will be unlike anything else in the DEX space when it launches. XSN is still a sleeping giant for what it's working to do.

If you don't believe me, you should join the Discord and ask to join the next round of beta testing. It's looking great lately 

[DaMut]

When I checked CMC, I found out Stakenet volume increased dramatically from $80,000 daily volume(two months ago) to $1,000,000 daily volume(these days). Afterward, I checked Coinall to see Stakenet market depth. But it is very thin, does that mean Coinall did a wash trading to pump Stakenet volume?
and seems like the same thing happened with it on Livecoin.

Coinall has been wash-trading XSN to boost their 24h volume up. If anything, they made Stakenet dump in September. Now it's finally recovering.
Mostly everyone in XSN uses Livecoin to buy because it has no KYC

You are right, Livecoin has more buy orders compared to Coinall but the volume is quite off too. Livecoin might do the same thing but they are not exaggerating it.
DEX will be released at the end of the year, what will the team do to increase the demand? With XSN current demand, it is impossible for XSN to move up because the buy orders are very thin and it will become thinner after DEX comes out if nothing happens.

[nightflightcourt]

When I checked CMC, I found out Stakenet volume increased dramatically from $80,000 daily volume(two months ago) to $1,000,000 daily volume(these days). Afterward, I checked Coinall to see Stakenet market depth. But it is very thin, does that mean Coinall did a wash trading to pump Stakenet volume?
and seems like the same thing happened with it on Livecoin.

Coinall has been wash-trading XSN to boost their 24h volume up. If anything, they made Stakenet dump in September. Now it's finally recovering.
Mostly everyone in XSN uses Livecoin to buy because it has no KYC

You are right, Livecoin has more buy orders compared to Coinall but the volume is quite off too. Livecoin might do the same thing but they are not exaggerating it.
DEX will be released at the end of the year, what will the team do to increase the demand? With XSN current demand, it is impossible for XSN to move up because the buy orders are very thin and it will become thinner after DEX comes out if nothing happens.

Most of the supply (between 65-75%) is already locked up in staking and masternodes. It has been for some time. Presently, there isn't a whole lot of XSN left on the market. As demonstrated this past week, a little demand for those thin buy orders could actually work to an advantage 
The wider crypto community has reacted very positively to this video demonstrating Lightning swaps in action: https://www.youtube.com/watch?v=yLq7xIjf_hc

[BigBoy89]

The current FOMO is not worth buying.
IMO its a temporary euphoria and in a week or two Stakenet will return to 600-700 satoshi range.

THEN, it will worth buying just before the launch of LN Dex. At this point LN DEX is in the category "will be offering"

[nightflightcourt]

category "will be offering"

What do you mean?

[BigBoy89]

category "will be offering"

What do you mean?

I meant - I'm no longer biting on paper projects. Until I see it working or at least MVP, it's just FOMO and I'm staying away.

Not for Stakenet specifically, more like a general rule I'm following after 2017.