[New Coin] 1 POKT = $0.0328 USD - Does it indicate that the alligator is getting ready to rest?
(Chart by TradingView)
In early August, the Pocket Network (POKT) alligator was seen slowly descending into the water until almost $0.025. It then swam rapidly upwards in search of prey, and has been doing so ever since.
However, the Moving Average Convergence Divergence (MACD) indicator, which had been bullish for over three weeks, has recently turned bearish.
Meanwhile, the Stochastic Relative Strength Index (RSI) is currently below 30, which is considered oversold. This suggests that the price may be undervalued and could be poised for a rebound.
Now, the alligator's mouth is closing, which could indicate that it is getting ready to rest.
Let's watch this POKT alligator as it begins its travels.
About Pocket Network (POKT)
Pocket Network (POKT) is a decentralized blockchain data platform that enables developers to access data from any blockchain in a reliable, performant, and cost-effective way. Pocket Network does this by creating a two-sided permissionless marketplace for the provision and sale of node services.
On one side of the marketplace, there are node runners who stake POKT tokens to operate nodes that service blockchain data requests. On the other side of the marketplace, there are developers who use the Pocket Portal to request blockchain data and pay for it with POKT tokens.
The POKT token is used to facilitate all activity on the Pocket Network. Node runners are rewarded with POKT tokens for servicing data requests, and developers pay for data with POKT tokens. POKT tokens can also be staked to participate in the consensus mechanism that secures the Pocket Network.
Pocket Network is a censorship-resistant and decentralized alternative to traditional blockchain data providers. It is designed to provide developers with the reliable and affordable access to blockchain data that they need to build great Web3 applications.
Here are some of the benefits of using Pocket Network:
- Reliability: Pocket Network is a decentralized network of nodes, which means that it is not vulnerable to single points of failure.
- Performance: Pocket Network uses a variety of caching and routing techniques to ensure that data requests are processed quickly and efficiently.
- Cost-effectiveness: Pocket Network is a cost-effective way to access blockchain data. Developers only pay for the data that they use, and there are no hidden fees.
- Censorship resistance: Pocket Network is a censorship-resistant network, which means that developers can access blockchain data without fear of interference from governments or other entities.
Pocket Network is a rapidly growing network with over 50 supported blockchains and over 100,000 nodes. It is the leading decentralized blockchain data platform and is trusted by some of the biggest names in Web3, including Aave, Balancer, and The Graph.
If you are a developer who needs reliable, performant, and cost-effective access to blockchain data, then Pocket Network is the perfect solution for you.
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