Hey Everyone, What a great week in Crypto ETH/DOT/LINK/DYN and many ALTS had big moves up while bitcoin continued to flirt with 60K and tries to turn it from resistance into support. The good news is this is building a very strong foundation for the next leg up.
This Is going to be sort of a first quarter review and therefore slightly more in depth then the typical article.
Value metrics
First with the Weekly data, (note this is a day early but oh well)
Market Cap: $ 32,700,073 ( +$ 8,304,898)
Price USD: $2.13 (+$0.54 / +34%)
Price BTC: ₿0.00003591 (+656 sats / +22%)
Weekly Volume: $317,313 (+$ 197,354)
Before I comment on Q1 why does Tradingview and Cryptowatch continue to Ignore $DYN? If anyone knows what their listing requirements are I would be interested as we used to be on Tradingview.
What did we do in terms of Value this past 3 months?+252% isn't too shabby. Some basic (poor) charting below. Seems like on the BTC pair we bottomed out twice around 1050 sats and now we are headed toward resistance somewhere in the 4000 sats area. In usd terms we are basically in price discovery unless you go back years to find some previous support resistance levels which would be maybe the $3 and $4 round number psychological resistances. We beat my prediction from the January 1st article which called for DYN2.5 release to be the catylsyt to break resistance at $1.25 so I am going say my June target is $4-$5. Go Make it happen DYN
Supply Metrics
Dynodes online: 4776 (+86) that’s 4,776,000 coins locked away off the market (31.11%) of supply). Note- 694 (+37) additional inactive 4.52% of supply. We started the year with 3237 active nodes. We have locked up an additional 8.5% of the coin supply in Dynodes in Q1 alone. $DYN has the 5th most masternodes out of all coins according to Masternodes.online
Total supply locked (includes Company assets): 50.61%
Average block time: 2min 11s (-0s)
Average reward Frequency for Dynodes: 7d 5h 56m (~ +3h 12min)
Dynode ROI: 6.23% / 5859 days
Difficulty: ~6.2 (+0.902)
Average Hashrate: 88.34MH (+12.01MH)
Interest in DYN mining continues to Rise, there is still alot of profit switching cyclical mining occurring. Speaking of pools, check out the new Duality official pool just which just launched
Development metrics
Nice commitment putting those hours in over the Holidays team.
Commits this week: 1 (-10)
Weekly average since I began tracking: 2472
This Quarter has been focused primarily on the following (at least that is public knowledge)
- Dynamic 2.5 development - Assets, Certificates, Audits, Proof of stake in addition to POW
- Additional hires
- Onboarding pilot sites to test #NoID
- Marketing Planning
- Potential exchange listings
- Yet to be fully revealed partnerships
Community Engagement
Discord Users: 1374
Telegram users: 958
Twitter: 15045
Rough estimate of the Chinese community on WeChat ~10K and QQ 4933 as of last update from community member Xoleo
Total Engagement: 32310 (-1719)
The Community has been mostly flat according to the numbers this quarter however we are still seeing growth on Wechat, and one thing that cannot be accurately accounted for is the number of BOTs that were active earlier this year. We saw hundreds of them that have come and gone so either new bots have replaced them or in reality the community has grown at roughly the same pace as we eradicate bots
Keep Shilling the influencers, Write your own articles, Tweet, Share, and subscribe.
Exchange Order Books
There are 245,282 (+83,907) DYN available on open market, Buy support of ₿1.7377 (-₿0.2867). I'll skip the order book images today. Q1 metrics basically supplies on exchange continue to fall, most seem to be making their way to Dynode operators and stronger hands. Stex Market is basically a desert only 6000 coins for sale. If you are selling or interested in providing liquidity perhaps consider Stex to attract new users outside of Whitebit/Citex
Top Stories/News
New Duality official pool just which just launched and now you can buy $DYN and Duality merchandise as well here.
We have surpassed Dash in number of nodes operating!
Useful Links/Sources
https://duality.solutions/dynamic#intro
https://www.coingecko.com/en/coins/dynamic
https://masternodes.online/currencies/DYN/
https://app.stex.com/en/full-glass/BTC/DYN
https://trade.citex.me/trade/DYN_BTC
https://whitebit.com/trade/DYN_USDT
https://miningpoolstats.stream/dynamic
https://dynexplorer.duality.solutions/
Join the Dynamic Discord, tip, Clap, and Follow me on Twitter
https://twitter.com/RaistilinCrypto
Other Coins I hold (Let me know if you want to hear more I could start a separate blog for other coins) Do your own research to make sure they are good for you.
Wagerr $WGR- Online sportsbook Check it out https://wagerr.com/sb/ref/5ff7a2a4f7afe08d27c1e3e1
$Shroom/$Gswap for NFT
Haven $XHV - next generation of stable coins and xassets, private,
ShareToken $SHR - These guys kindof do everything, but im calling it amazon plus travelocity with major asian big business partners.
Not Financial advice, do your own research. I am not affiliated with Duality Solutions or Duality Health. This is an unpaid article. I am a holder of $DYN $SEQ
