The New Kind of Network vs TetherUS (Bullish vs Bearish)

14 Nis 2020

NKN Overview

About NKN

NKN bills itself as a 'new kind of P2P network connectivity protocol' that is powered by a public blockchain. NKN is used to incentivize Internet users to share their network connection and unused bandwidth. NKN's describes its networking infrastructure as 'open, efficient, and robust', thereby enabling application developers to build the decentralized Internet. Whitfield Diffie, inventor of public key cryptography (Diffie-Hellman) and 2015 Turing Award winner, and Stephen Wolfram, Founder and CEO of Wolfram Research, are listed on their publications as advisors for the project.

The New Kind of Network (NKNUSDT) is starting to look good with prices now moving above EMA10.

We have a volume breakout and bullish indicators (MACD and RSI).

When we look at the shorter-timeframe, 4H, we can notice prices moving above resistance:

If the purple trendline can be conquered, we will see prices jump next.

Thanks a lot for reading.

Namaste.