Review on XinFin Network by Mehdi hazni
XINFIN
XinFin currency has grown very well over the past year. The currency reached its highest price in 2018, which was around $ 0.01, but could not keep it growing and fell after a while. But in the past year, with a growth of about 1100 percent, which is an unprecedented growth, it has been able to show its potential for price growth again, and if it can reject the ATH, it can have a much higher climb.
The trading volume of this currency in the last 24 hours has been about $ 2.33 million, which shows the interest of traders in trading in this currency.
Of course, the point is that this currency is currently ranked 139 in the Market Cap and needs strong support to be able to reach below 100.
In my opinion, it is suitable for investment in the short term, but medium and long term can not be recommended at the moment.
The $ 0.007 - $ 0.008 range seems to be a relatively important resistance, after which it should cross the 0.01 resistance, and if it does, it could reach 0.015.
In the picture below, I have placed the chart of this currency and the resistance lines.
Pros
- The price of this currency has grown more than 10 times in the past year
- Short-term investment can be profitable
Cons
- It is not recommended to invest in it for a long time at the moment because it may experience a sharp decline again
