Review on Ignis by Mehdi hazni
ignis price analysis
In this review, I have analyzed the price of IGNIS currency. In the Daily chart of this currency and btc pair, a breakout has been done in my opinion and sooner or later we can expect a price increase in this chart.
I have attached the chart below and you can see breaking the trend line as well as the resistance lines in the chart.
I checked the market pairs of this currency and big exchanges like upbit and bittrex have pairs of this currency (other exchanges also have this currency active in it, I said the important ones in my opinion), because the market is so active. It is more likely to increase in this type of exchange. It has also been a long time since the very sharp increase in the price of this currency in 2018 (the price also increased to $ 17.75) and another sharp price increase has not occurred, the current price of all time high is about 99.85% less.
The number of Twitter followers of the ignis project on Twitter is about 23,000 people and also on reddit is about 9,000 people, which in my opinion is appropriate for the current ranking (322) and is not considered an advantage in this regard.
I also researched ignis currency wallets and it is possible to keep ignis in Multi-cryptocurrency Wallet which is a secure wallet
Updated 3 years ago
Rating has not been changed
In the main review, I analyzed the price of this currency and this update I want to write a little about its network. Ignis currency is at the heart of the Ardor currency chain. This currency uses the PoS (Proof of Stake) algorithm, which no longer needs miners to build new blocks and perform transactions.
The developers of this currency are the developers of Nxt and Ardor, who, when they introduced this network, increased the budget for those projects.
One of the advantages of this network is that it is provided by a team whose previous projects have been successful.
Disadvantages include the fact that because the development team has two other important projects, it can not focus entirely on this project.
Pros
- A breakout has occurred in a long-term price trend, which has increased the likelihood of a good price increase.
Cons
- The current price is much lower than all time high
New products
Comments (1)
August 07, 2020
I unfortunately forgot to attach the chart to the review, so I write the resistances here: first: 400 Satoshi, second: 800 Satoshi, third: 1000 Satoshi, fourth: 1500 Satoshi, fifth: 2500 Satoshi
