Greetings, fellow Elongators. I'd like to share the conclusions of my personal analysis on what may follow for Elongate in the near future, as well as in the long-term and how different events are likely to affect the market.
Salesforce integration:
This is a huge milestone for EG and it will likely be our golden ticket into getting into bigger exchanges, as they require a minimum trading volume. It will also help ensure that our volume stays above the requirements. Currently, most of our volume is caused by market movements and investor sentiment - after the salesforce integrations, the companies who use our exchange will hopefully help keep our trading volume high enough to not get delisted from exchanges if our volume drops due to market conditions.
However, do not expect our volume to rise overnight. What we will be releasing is a salesforce integration and companies have the free will to choose whether to use it or not. It may take some time for companies to notice it, decide to use crypto, and then finally adopt it into their workflows. It's a huge integration, but don't get bummed out when we don't 100x in a single day after its launch. It takes time like all other things, but it will most definitely be our golden ticket to mooning in the long-term and burning a lot of tokens.
Venture into cures event:
The fact Elongate is a sponsor is amazing. It gives our token a lot of credibility, exposure, and legitimacy. I'd like to make clear that the aim of this event isn't to cause a massive increase in price just because celebrities will be involved. The aim is that our token is positioned as a legitimate sponsor of a huge event and to gain trust in the eyes of future investors, and help us look more legitimate when EG forms more corporate partnerships or companies are deciding whether to use our crypto integrations.
Market movements in Q4 2021/ Q1 2022:
A lot of Bitcoin analysts predict a very sharp increase in bitcoin's price and they predict it's going to happen very suddenly, in a matter of a few weeks, just before the end of the year. It seems like BTC is following patterns of previous years where it suddenly pumps in Q4. There are also bearish analysts, but more people seem to think we should expect a pump.
On the other hand, some parts of the world are facing electricity shortages and natural gas shortages. This leads to a steep increase in the price of natural gas and electricity, meaning that BTC and other cryptos become harder to mine and it might become temporarily unprofitable to do so.
The extent to which these shortages will affect the world's economy depends solely on how cold the winter is and if countries manage to fill up their natural gas reserves and strengthen their electrical infrastructure. So far it seems hopeful, as Russia has just yesterday started helping Europe stock up on natural gas.
If everything goes well, the world will be prepared for the winter and BTC will moon near the end of the year. Sometime after the largest coins pump and become stagnant, money flow will go into altcoins, which will probably help us to achieve a new price floor of anywhere between 2x-20x+ depending on market conditions and the effects of our salesforce integration, charity event, etc.
Keep HODLing and keep believing. I personally believe we aren't too far from reaching ATH soon.
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