Why Agoras Token?
Some of you may have heard of this token already but all of you should be excited to hear that it has increased in value by well over 500% since Christmas.
The reason this is my top pick right now is because I believe that this is just the beginning of the potential upside in Agoras.
There are 3 main reasons I am already long this token with an upside price target much higher than current levels.
Reason #1: The Technology Behind AGRS Is Unique in the Crypto Space
The technology behind Agoras Tokens is one of the most interesting applications of blockchain tech I have come across. While the actual mechanisms that drive the network are rather complicated the goal of it is simple.
The intended application tech behind the token is to facilitate massively scalable collaborative endeavors. While this might seem like an abstract concept the network seeks to automate not only sharing of knowledge and developments but the actual generation of knowledge.
What does that actually mean?
The technology has the potential to change the way that search engines, software, and every other piece of technology is developed. Imagine what the world would be like if software wrote itself without any bugs or code that doesn’t work.
Agoras Tokens are the first application of this technology, that’s something I want to own.
Reason #2: The CryptoCloud Says It’s a “Buy”
The “Crypto Cloud” (Ichimoku Cloud) is a technical indicator I use in all aspects of my investing. It is easily the most powerful trend indicator I have come across in my career.
It might look complicated but it’s actually a very simple chart to read. The shaded area on the chart shows us the “line in the sand” between bullish and bearish price territory.
A break out from this shaded area shows a significant change in trend.
In the chart above, we can see that AGRS broke the cloud to the upside on December 23rd and hasn’t looked back.
What we see now is price consolidation around key short term support lines. To me this looks like a coiled spring ready to pop higher.
Reason #3: AGRS Has Rallied Without a Major Catalyst
The momentum behind AGRS is clear in the chart, this has been on an absolute tear to the upside.
What’s most interesting to me is that this all happened without any major headline catalyst and almost no marketing to speak of.
You’ve seen ads for other cryptos, but you haven’t seen any for AGRS.
This means that the rip higher has happened because buyers have been WAY more aggressive than sellers in AGRS. This dynamic is impressive considering there has been no coverage of the name in mainstream media.
This means that this token could rip higher on any headline. Given how much I believe in the technology behind the token this is a huge added benefit.
How Do You Trade Agoras Token?
Unfortunately, your options are limited. This is a good thing for potential growth, as tokens usually experience growth when they are listed on new exchanges. However, it means acquiring the token might be more difficult at present.
You can buy Agoras from Bittrex and Upbit.
Profit Plan
- Profit Target #1: $4.80 — 50% of my position
- Profit Target #2: $7.50 — 50% of my position