Mystery alt coin comb pump and dump or 5000% upside?
This is a very strange alt coin indeed. It's listed only on Ku coin and there is little to no information about this coin. I have borrowed this from coin market cap.
coinmarketcap.com/currencies/combo/
"The live Combo price today is $0.007014 USD with a 24-hour trading volume of $3,333,455 USD. We update our COMB to USD price in real-time. Combo is up 17.60% in the last 24 hours. The current CoinMarketCap ranking is #2822, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 COMB coins.
Combo (COMB) is an aggregation protocol for DeFi derivatives developed based on the Kuchain public chain, which includes an aggregation platform for various protocols such as liquidity mining, synthetic asset issuance, collateral mining protocols and oracle machines, etc. The COMBO project serves to provide a bottom layer of DeFi development, which enables traditional financial assets including legal tender, bulk commodities and stocks to seamlessly chain assets through blockchain technology. Combo is completely decentralized and admission-free, for the purpose of making it easy for all users to participate, and provides a solution channel that leverages traditional financial assets and more diverse and complex transaction strategies."
Now there are a few things that peak my interest in this coin. First being the recent surge in trading volume. There was recently a 5mil overnight trading volume which suggests big whale buying, why would whales be buying a coin with no fundamentals or little to no information unless they know something we don't or is it the developers unloading there shit on the masses? I've done some digging on the website and twitter and again there is nothing really to go off apart from mentioning of a new dev team but for the most part they have been quiet. They have a crappy website and no other socials. The other thing that interests me is the incredibly small market cap and relatively low total supply of 1,000,000,000 COMB coins. It really wouldn't take much buying to pump this to the high heavens.
Now getting into the technical analysis, there is a clear liquidity zone that I have shown in the chart. I believe if we crack this zone it will fly and if we don't it we will go down to the bottom liquidity zone. The bearish option is we make a failed higher high and continue down trending, this would be the case if its a rug pull or scam or pump and dump. The higher time frames such as the weekly closed bullish and the monthly looks decent. Based on fib extensions a 1.618 fib extentension target of .43 cents is where I'm aiming however I will monitor this and take profits if I see time to get out.
Personally I have taken a small position on this coin, it could be an absolute pump and dump and is no doubt incredibly risky but the upside potential in my opinion is worth it. My bag of this is purchased using profits from other trades so for me its risk free. I would highly suggest APPROACHING WITH EXTREME CAUTION. This is very likely to be a scam or rug pull and is incredibly volatile.
THIS IS STRICTLY OPINION AND IS NOT FINICAL ADVISE!
coinmarketcap.com/currencies/combo/
"The live Combo price today is $0.007014 USD with a 24-hour trading volume of $3,333,455 USD. We update our COMB to USD price in real-time. Combo is up 17.60% in the last 24 hours. The current CoinMarketCap ranking is #2822, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 COMB coins.
Combo (COMB) is an aggregation protocol for DeFi derivatives developed based on the Kuchain public chain, which includes an aggregation platform for various protocols such as liquidity mining, synthetic asset issuance, collateral mining protocols and oracle machines, etc. The COMBO project serves to provide a bottom layer of DeFi development, which enables traditional financial assets including legal tender, bulk commodities and stocks to seamlessly chain assets through blockchain technology. Combo is completely decentralized and admission-free, for the purpose of making it easy for all users to participate, and provides a solution channel that leverages traditional financial assets and more diverse and complex transaction strategies."
Now there are a few things that peak my interest in this coin. First being the recent surge in trading volume. There was recently a 5mil overnight trading volume which suggests big whale buying, why would whales be buying a coin with no fundamentals or little to no information unless they know something we don't or is it the developers unloading there shit on the masses? I've done some digging on the website and twitter and again there is nothing really to go off apart from mentioning of a new dev team but for the most part they have been quiet. They have a crappy website and no other socials. The other thing that interests me is the incredibly small market cap and relatively low total supply of 1,000,000,000 COMB coins. It really wouldn't take much buying to pump this to the high heavens.
Now getting into the technical analysis, there is a clear liquidity zone that I have shown in the chart. I believe if we crack this zone it will fly and if we don't it we will go down to the bottom liquidity zone. The bearish option is we make a failed higher high and continue down trending, this would be the case if its a rug pull or scam or pump and dump. The higher time frames such as the weekly closed bullish and the monthly looks decent. Based on fib extensions a 1.618 fib extentension target of .43 cents is where I'm aiming however I will monitor this and take profits if I see time to get out.
Personally I have taken a small position on this coin, it could be an absolute pump and dump and is no doubt incredibly risky but the upside potential in my opinion is worth it. My bag of this is purchased using profits from other trades so for me its risk free. I would highly suggest APPROACHING WITH EXTREME CAUTION. This is very likely to be a scam or rug pull and is incredibly volatile.
THIS IS STRICTLY OPINION AND IS NOT FINICAL ADVISE!
Kommentar:
Kommentar:
The day hasn't closed out yet but I am fairly certain we have broken out of consolidation and will have another crack at that upper liquidity band. If we clear that this will fly.