/biz/ - Business & Finance

Seriously, thank god for the anon that shilled me on this in the 300s, one of the more interesting projects out here.

Price target of two fitty?

>>14966416
>>14966516
UND
Stop buying over priced shit like REN

>>14966520
It's still in price discovery stage, do some research.

>>14966416
Its currently in a negative downtrend. I suggest anyone to wait for a few days/week before buying this. It might take time to correct.

>>14966605
>negtive downtrend

>>14966680
cute pic. How does current price compare to the one of july 24th? It needs to correct itself. But you are a brainlet, so go ahead and buy now, with the daily oversold RSI.

>>14966605
>>14966727
literally the gayest TA i've ever seen.
look at UND
You will know why I am suggesting buying the future instead of this niche shit.

>>14966727
overbought*

>>14966746
Lol no ones gonna buy your bags

>>14966727
>Durly OvErSuRled
Dude I already have my stack, I was lucky enough to come across the one anon shilling this in the 300s.
Even if you're looking at the daily charts its still on an uptrend not sure what you're looking at.
Maybe you should buy some ONE or something?

>>14966520
wtf is an und?

>>14966798
nigger I sold this at 1317 sats, don't come to teach me.

Price Target is 2.67 :)

>>14966830
Hope you didn't sell your whole stack.
>>14966858
This, about two fitty.

>>14966830
Its pumping again, and getting close to 1317. Hopefully you don't get too scared and FOMO back in having lost half of your stack.

this crap is so overbought, its not even funny.
except a big pullback soon to 900sats

>>14966858
Shit at 2.67 I would have made it with my stack

>>14966980
Big sell well just vanished, getting nervous yet?

>>14967019
look at the daily and weekly...RSI dont lie
30% pullback minimum soon

>>14966914
>pumping with dying volume
the absolute IQ of this board.

>>14967034
Not nervous I locked in at 358 sats, I know better than to swing though.
>>14967042
>Swinging
The absolute IQ of this board

>>14967034
Uhoh, it just broke 1300.
Nervous yet?

Well, to everyone that bought this I'm happy for you, this shit is pumping like crazy.

I fucking bought ONE instead.

>>14966980
You know how I know it won't hit 900sats anytime soon?
Because people like you want it to.
>>14966830
Oof new ATH

>>14967141
>ONE
I'm sorry anon...

>>14966727
Meanwhile Ren pumps another 6% hitting ATH.

/biz TA analysts never disappoint...

>>14967593

anyone who sells before this hits $1 per coin is retarded. Renvm will solve interoperability without bs hubs like cosmos. You will by the end of the year be able to execute a smart contract on Ethereum that influences a smart contract you decided to create on Tron.

Not to mention the kyc-less darkpools and private finance protocols that will be launched all powered by darknodes.

Minimum 500k to make it, but people are high if they arent holding at least 1 node worth.

>>14967593
It's quite remarkable isn't it? REN is still in price discovery phase, people will figure that out as it approaches 1$. It's been pumping for a solid two months.
>>14967645
This. But you can't lead a horse to water.

>>14967645
> Tron
No Thanks

AHAHAHAHAHAHAHAHAHAHA

>>14966605
is a negative downtrend an uptrend?

>>14967645
4 nodelett here. Will I make it?

>>14966416
>Access tokens from any blockchain using your existing smart contracts without having to worry about wrapping or unwrapping tokens.
False.
Kyber already has a running mainnet on Ethereum and is currently expanding the protocol onto other smart contract platforms.
Not to mention has incredible adoption from DeFi services.
Refute this FUD and I'll buy a stack 100ETHs worth because decentralised liquidity is something I'm interested in, but Kyber has first mover advantage and much better ROI potential

>>14967774
clipboard had the wrong quote, this is what's false
>The first and only open protocol that provides access to inter-blockchain liquidity for all decentralized applications.

>>14967757

>>14967774
So kyber can interconnect all blockchains trustlessly and privately as well as allowing any application to be built on a virtual machine powered by a decentralized network of nodes which are incentivized to produce work while the data processed through them remains secret?

Keep waiting for the pull back to double my stack
Will it happen?

>>14967934
I’m losing hope for one

>>14966798
>Maybe you should buy some ONE or something?
Rent free

>>14967774
Correct me if I'm wrong, but Kyber doesn't offer hidden order books.

The focus of REN is to provide liquidity "without exposing sensitive information such as privce and volume at a certain position"

Essentially REN is an old idea being applied to the crypto space. It's widely used in equity markets.

>Basic Gestalt
https://www.investopedia.com/terms/d/dark-pool.asp

>>14967954
>HuRrr ReNT FReeeeE
Laughing stock of the board.

>>14968042
if I want privacy, what's to stop me using
https://github.com/EYBlockchain/nightfall
against reserves on the Kyber protocol?

genuinely curious about this project, the general purpose VM stuff doesn't interest me, but providing decentralized liquidity for DeFi does.

>>14968238
Does kyber use atomic swaps? How are their interoperable transactions done?

>>14968312
they don't do atomic swaps at the moment, but they've already made it clear that Ethereum is step one and the protocol is what they're invested in, and spreading across smart contract platforms and interoperability is where they're going.
I just find it easier to invest in a software team that takes small steps and irons out small issues along the way (Chainlink) rather than promising something big and encountering big show stopper problems (Request Network).
do they have a mainnet yet?
or some proof of concept working on a testnet?

>>14968426
testnet will be released soon, mainnet is on the roadmap but no date established yet.

>>14966821
Don't feed the shills.

>>14968623
I'll keep an eye on it and see how testnet goes, then I'll look into the tokenomics and maybe make a buy if everything looks good
at the moment it's hella overpriced though on speculation without even a testnet running.

thanks for answers anon

>>14968238
Nightfall doesn't do what you think it does. It will allow you to create semi-private ERC20/721 tokens. It doesn't provide full privacy as you can still see some inputs and outputs (not what you want for dark pools). You can't use Nightfall "against the reserves on the Kyber protocol", that's just not how it works.
Maybe if Kyber entirely rebuilt their stack on top of Nightfall-wrapped tokens, but even if that were possible you would still be missing cross-chain interoperability and hidden order books.
I also do not care that much about the VM/interop. I'm in it for the dark pool fees.
>>14968426
This is why I bought: https://twitter.com/renprotocol/status/1143901166318891008
The LINK/REQ analogy is a good one. REN is definitely on the LINK side of that spectrum - the demo in the tweet is the first small step. It will be like a cross-chain Uniswap.

>>14968623
>>14968725
Huh? REN had their RenEx running since February. They then decided to extend their dark liquidity pool offerings by factoring out the runtime into RenVM and offering it to anyone who's interested. So, their iterative approach is similar to ChainLink's.

>>14967774
You aren't completely wrong that the 0x/Kyber stack is a competition and they are live for some time. REN's success is completely dependent on how they achieve adoption. In principle, they are superior to 0x/Kyber (anon features, faster order matching through their network of service nodes), but it remains to be seen who wins.

I do own KNC and ZRX, but my REN bag is bigger, neither Kyber nor the 0x guys have been aggressively gunning for adoption, the first RadarRelay versions were a disasters and it still isn't used by many. I think REN's team is much faster and more agile.

>>14968725
No problem, that's a healthy approach and more than likely there will be a correction like all things.

>>14968811
Yeah this was a pretty badass showcase of the tech for RenVM

>>14968426
Testnet is still in the works, judging by their pace it should be out sooner rather than later.

There was a pretty good podcast not long ago. Here is the link.
https://podcasts.apple.com/us/podcast/59-ren-protocol-what-are-decentralized-dark-pools-loong/id1350649166?i=1000443359411

This is a low hype project, and it's trying to tackle a specific problem. Just keep your eyes open, definitely a project to follow.