Quote from: btcmannn on April 17, 2018, 05:39:09 PM

So last year in October, someone I know predicted that Shift would reach over $10 by end of year. That was over a 10X increase from when he made his prediction. He turned out to be correct as it went to 12 dollars. I have still been following Shift this year through the bear market, and even during the bear market it's still consistently shown signs of accumulation that I think closely mirror last time it went over 10X in Q4. Some of these accumulation spikes have been massive even when there was a downtrend overall. Now in the last month it's been in a stable uptrend in BTC value and also showing more accumulation spikes:

https://i.imgur.com/mCqXA4E.jpg

There are a few reasons I believe that explain this happening:

#1: They developed a working sidechain before Lisk or any other projects I know of.

#2: There are major product development strides, many public like above (also another big one was Hydra CMS pre-release put out in Github) some not public yet according to someone close to the team but big players probably know the real story already. There are for example claims that they have now internally proved that their decentralized storage cluster can already be used by other chains in partnership uses. This is a big deal because it solves a universal bloat/scaling problem that all other dApp chains are facing. Storing the data in a decentralized way the chain would have to store it in their own chain which increases its size permanently which of course is totally impractical for long term sustainability and efficiency of performance. Shift can already solve this problem for blue chip projects ie with market caps in high hundreds of millions and multi-billions.

#3: Related to point above the last blog they wrote sounded like the scope of the project was expanding in terms of partnering with tech companies.

#4: They hired an internal dedicated PR staff and claimed that a breakthrough was currently expected soon in mainstream media visibility.

#5: The Coinloop AI singled out Shift as one of only a five coins that they forecast in April to increase (https://www.tradingview.com/u/Coinloop/). Market sentiment about it seems generally positive as well (https://www.tradingview.com/symbols/SHIFTBTC/).

What are your thoughts about this, do you think these explanations are correctly identifying the factors driving this current accumulation?

You speak like it's a given that they can solve the storage related scaling problem for large dApp chains but it is just a rumor right now. Aside from that, the points seem valid to me.

lmk99

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