This is part two of the following prediction, which played out perfectly:
QRDO has been consolidating in a healthy pattern since rejecting the highs close to $10, as predicted, but believe it to be ready for its next move soon. Qredo is very strong fundamentally, with clear top 10/20 potential. Could go much higher, but for TA purposes alone will target $80 here. Clear uptrend with supports holding for bullish continuation, and a recent bullish green kumo twist on daily.
Fundamentals:
- Backed by Wintermute, Coinbase, Kronos, and many others - Wintermute and GSR on board as market makers - Over 8 billion dollars in assets under management ( AUM ), increasing steadily. Was 3 billion a few months ago. - Chosen by El Salvador to custody their Bitcoinization efforts after legalization - Chosen by Metamask Institutional to facilitate secure DeFi interaction between institutions, market makers, and traders - Chosen by Openware/Yellow Network to power their cross-chain swaps. Openware platform powers 150+ exchanges worldwide - Cross-chain atomic swaps with no slippage, with liquidity provided by Wintermute - Decentralized threshold signatures via MPC - Allows exchanges to integrate and let users custody their own balances while trading on CEX
Q1 2022 Catalysts:
- Liquidity Hub launch - Validator buyback program - Derivative exchange integrations - More CEX listings - More L1 integrations, team hinted at LUNA / Terra, among others - DAO-based Governance - Binance Custody appears to be partnering with Qredo as well similar to Metamask Institutional, expecting an announcement there