Blocknet moved 72% the past week. Will it continue?

[GucciBoy]

I've been following Blocknet for the past few months, and I'm VERY bullish on it.

Not only are they first movers on the whole DEX area, (Their DEX speaks for itself: https://blockdx.com/), but they are also working on a completely decentralized oracle solution, which frankly is WAY more decentralized than LINK, due to the way it operates. Blocknet was never premined, fair launch, and to be honest, I was impressed with the info you can pull from the XRouter already when I went to their Discord channel to try it out.

If these guys starts aquiring partnerships, you can bet your ass the price is gonna fly.

I believe in the next coming years that DEX's will be adopted on a WAY bigger scale than we've seen today, since they beat KYC, privacy etc.
If the demand for nodes on the network increases, it creates an enormous pressure on the buy side from people who wants want to get in on the passive income aspect of things, as when you run a node, you profit from the DEX trading fees.

What are you guys thoughts on this?

[jacafbiz]

Good for you, if you are holding Blocknet, but for new investors please do not invest now, let the price correct and hit the bottom, with side movement. I have learnt my lessons chasing a pumping coins most time would turn you to bagholders for long period, unless you which to take your loss fast

[carlfebz2]

Good for you, if you are holding Blocknet, but for new investors please do not invest now, let the price correct and hit the bottom, with side movement. I have learnt my lessons chasing a pumping coins most time would turn you to bagholders for long period, unless you which to take your loss fast

Good suggestion and i dont understand why do people do consider on buying out a certain coin if the prices are already flying up?
Most of the time these prices are already into its peak and diving in would really be a bad idea.ABout BlockNet, its good to look those
features but telling that DEX would become the main trend on upcoming year? I dont think so because centralized exchangers would be
most likely to be used yet we know that DEX doesnt involve fiat.

[Kyraishi]

Some very sizable moves indeed.

However, I wouldn't say that it can necessarily sustain this level of growth simply because it is a first mover - even though it is one of the earlier DEX Tokens being listed on exchanges as early as 2015, it doesn't mean much given that this field is dominated now by industry giants like Binance which a token like blocknet simply is unable to compete against.

I wouldn't be too optimistic about long term price action, since fundamentals need to substantially improve for that to happen.

[o48o]

72% in a week and you need more right now? I would hope for a retrace before that because rising too much in a short time isn't very healthy and usually makes the retraces even bigger.

[GucciBoy]

Good for you, if you are holding Blocknet, but for new investors please do not invest now, let the price correct and hit the bottom, with side movement. I have learnt my lessons chasing a pumping coins most time would turn you to bagholders for long period, unless you which to take your loss fast

I'm just holding a little actually. However it surprised me it moved so much the past week, and have put a few more buy orders in around 12k sat. I believe it's gonna keep going, as the dump already happened shortly after I posted this yesterday, continued by another leg up, so it's pretty clear that someone is trying to accumulate.

Never buy into a pump though, I agree...

[Flux0z]

72% in a week and you need more right now? I would hope for a retrace before that because rising too much in a short time isn't very healthy and usually makes the retraces even bigger.

It's at 85% at the moment I'm writing this. Amazing, but it moves fast because the supply is scarce, and the marketcap is insanely low still, so the upside potential is massive still.

[bittraffic]

Ohhhhh Its just not a good time to enter yet.  Few weeks ago, its price was less than $1, you may have to wait til the price sinks again. Its not a healthy spike so it will eventually be dumped to leave more coins for accumulation. But certainly this is a good sign for the coins growth in the future. Investors should really be looking into the project. Are they with Defi too?

[ashmodeus]

i dunno , even today's, blocknet still continue climb up to $2 ++ , i just a bit worried if someone try to test his luck by joining the party.
btw this coins seems same like ETH right ? no max supply info on coinmarket data.

[Paycoinzzz]

I don't see the impressive blocknet compared to other Dexs. I used Idex, Binance dex and it's really better than what Blocknet is doing. Blocknet is just a new DEX and nothing makes it possible to become one of the leading exchanges. So now the team needs to increase the volume, increase users if they want it to work well in the long run. We better make a bounty, right?

[Natalim]

It seems liek it will not continue, just like every other coin in the market, when it pump high, it will also dump hard.

we have big negative today, and that's a bad sign that it will not continue to pump.

[GucciBoy]

It seems liek it will not continue, just like every other coin in the market, when it pump high, it will also dump hard.

we have big negative today, and that's a bad sign that it will not continue to pump.

Well..... I guess you was wrong buddy... 

[Wh00re]

I don't see the impressive blocknet compared to other Dexs. I used Idex, Binance dex and it's really better than what Blocknet is doing. Blocknet is just a new DEX and nothing makes it possible to become one of the leading exchanges. So now the team needs to increase the volume, increase users if they want it to work well in the long run. We better make a bounty, right?

Binance and Idex is NOT a real DEX 

The nodes on the Binance DEX is owned and controlled by Binance themselves, which makes it a centralized service, Idex has KYC, which makes it completely centralized as well.

As far as I know Blocknet is the most decentralized exchange out there. Zero points of centralization from what I could find.
It's true that the liquidity and volume is low right now, but you're delusional if you believe it's gonna be like that forever 

[ashmodeus]

It seems liek it will not continue, just like every other coin in the market, when it pump high, it will also dump hard.
we have big negative today, and that's a bad sign that it will not continue to pump.

Well..... I guess you was wrong buddy... 

let's guess,this coin back again to range $2 just a few hours after dumping,and i am sure some people over there already sell their BLOCK when it happen.

Binance and Idex is NOT a real DEX 
The nodes on the Binance DEX is owned and controlled by Binance themselves, which makes it a centralized service, Idex has KYC, which makes it completely centralized as well.
As far as I know Blocknet is the most decentralized exchange out there. Zero points of centralization from what I could find.
It's true that the liquidity and volume is low right now, but you're delusional if you believe it's gonna be like that forever 

of course, i know that, Binance dex and idex just like a semi decentral for me, and we can see blocknet is totally different with them.
i guess,when regulations totally something cant be avoided,block DX will be favoritable.

[Flux0z]

It seems liek it will not continue, just like every other coin in the market, when it pump high, it will also dump hard.
we have big negative today, and that's a bad sign that it will not continue to pump.

Well..... I guess you was wrong buddy... 

let's guess,this coin back again to range $2 just a few hours after dumping,and i am sure some people over there already sell their BLOCK when it happen.

Binance and Idex is NOT a real DEX 
The nodes on the Binance DEX is owned and controlled by Binance themselves, which makes it a centralized service, Idex has KYC, which makes it completely centralized as well.
As far as I know Blocknet is the most decentralized exchange out there. Zero points of centralization from what I could find.
It's true that the liquidity and volume is low right now, but you're delusional if you believe it's gonna be like that forever 

of course, i know that, Binance dex and idex just like a semi decentral for me, and we can see blocknet is totally different with them.
i guess,when regulations totally something cant be avoided,block DX will be favoritable.

Been keeping an eye on Blocknet for awhile, and I thought it would dump as well, but I've seen some MASSIVE buy orders earlier this morning, (10k BLOCK buy orders), so there is definitely some people wanting in on this while it's cheap.
It's old ATH was $55+, and I believe it could easily reach $100/coin due to it's scarce supply.

[makishart]

It seems liek it will not continue, just like every other coin in the market, when it pump high, it will also dump hard.
we have big negative today, and that's a bad sign that it will not continue to pump.

Well..... I guess you was wrong buddy... 

let's guess,this coin back again to range $2 just a few hours after dumping,and i am sure some people over there already sell their BLOCK when it happen.

Binance and Idex is NOT a real DEX 
The nodes on the Binance DEX is owned and controlled by Binance themselves, which makes it a centralized service, Idex has KYC, which makes it completely centralized as well.
As far as I know Blocknet is the most decentralized exchange out there. Zero points of centralization from what I could find.
It's true that the liquidity and volume is low right now, but you're delusional if you believe it's gonna be like that forever 

of course, i know that, Binance dex and idex just like a semi decentral for me, and we can see blocknet is totally different with them.
i guess,when regulations totally something cant be avoided,block DX will be favoritable.

Been keeping an eye on Blocknet for awhile, and I thought it would dump as well, but I've seen some MASSIVE buy orders earlier this morning, (10k BLOCK buy orders), so there is definitely some people wanting in on this while it's cheap.
It's old ATH was $55+, and I believe it could easily reach $100/coin due to it's scarce supply.

But blocknet is also facing another dump this day and it looks like that who have already sold at peak price has started to create another buyback again and they are placing such order to show if there was still a huge order to the sell order. It will bring positive impact to the people who are wanna selling their block token.
more than 130% in a week and that's a nice result.

It's too far for blocknet to achieve such digit

[ashmodeus]

well , they need more liquidity for minimalized fluctuation .
the price still bouncing wild since 20 january.

It's old ATH was $55+, and I believe it could easily reach $100/coin due to it's scarce supply.

probably right, as i see on Block rich list, the distribution of coins seems balanced,no ownership exceeds 10% so far.

[Flux0z]

It seems liek it will not continue, just like every other coin in the market, when it pump high, it will also dump hard.
we have big negative today, and that's a bad sign that it will not continue to pump.

Well..... I guess you was wrong buddy... 

let's guess,this coin back again to range $2 just a few hours after dumping,and i am sure some people over there already sell their BLOCK when it happen.

Binance and Idex is NOT a real DEX 
The nodes on the Binance DEX is owned and controlled by Binance themselves, which makes it a centralized service, Idex has KYC, which makes it completely centralized as well.
As far as I know Blocknet is the most decentralized exchange out there. Zero points of centralization from what I could find.
It's true that the liquidity and volume is low right now, but you're delusional if you believe it's gonna be like that forever 

of course, i know that, Binance dex and idex just like a semi decentral for me, and we can see blocknet is totally different with them.
i guess,when regulations totally something cant be avoided,block DX will be favoritable.

Been keeping an eye on Blocknet for awhile, and I thought it would dump as well, but I've seen some MASSIVE buy orders earlier this morning, (10k BLOCK buy orders), so there is definitely some people wanting in on this while it's cheap.
It's old ATH was $55+, and I believe it could easily reach $100/coin due to it's scarce supply.

But blocknet is also facing another dump this day and it looks like that who have already sold at peak price has started to create another buyback again and they are placing such order to show if there was still a huge order to the sell order. It will bring positive impact to the people who are wanna selling their block token.
more than 130% in a week and that's a nice result.

It's too far for blocknet to achieve such digit

There is no reason why Blocknet shouldn't be a top 100 coin, based on the underlying tech, they've been building since 2014. Investors seem to have realized that, and a few oracle partnerships could make this project fly straight to the top, based on Chainlinks success, which frankly is "just" an ERC20 token, which relies on the Ethereum blockchain to function.

We'll see, a dump from here is definitely plausible, but the buy support is pretty amazing around 18k sats, I suspect another push upwards soon.

[Kasabus]

Price are so volatile due to the low trading volume and its low circulating supply.
According to the graph I found in https://coinmarketcap.com/currencies/blocknet/,it reached almost $3 this month but slowly it's going down.
If you have been monitoring this, you surely can sell at a good return since its price was just less than 1 usd entering this year.

[Wh00re]

Price are so volatile due to the low trading volume and its low circulating supply.
According to the graph I found in https://coinmarketcap.com/currencies/blocknet/,it reached almost $3 this month but slowly it's going down.
If you have been monitoring this, you surely can sell at a good return since its price was just less than 1 usd entering this year.

True. It moved up pretty quickly recently, due to it's very scarce supply. Most people who wanted to sell out, already has, so there isn't much available on the sell side.
Have seen a pretty good buy pressure as of lately, probably because of their recent work on decentralized oracle services (XRouter, and XBridge).