Ryuin Will Shock The World
This analysis will approach Ryujin from multiple vantage points. I'll explore this meme coin from a technical and fundamental point of view.
You may want to grab an espresso before diving in since this will be a thorough analysis.
Let's begin with the technical stuff by using trend based fib extension tool. What did Ryujin do in the previous rally? It blasted past the 1 fib level and almost made it to the 1.618.
https://www.tradingview.com/x/t5xWILY5/
Now, using trend based fib extension, let's project the next top of Ryujin. We will choose the more rational target at the 1 fib level since the 1.618 is not a logical target.
https://www.tradingview.com/x/brlzhnUl/
Observe, how the 1 fib level is $0.000022885441356. This would imply a market cap of $22,885,441,356 since the supply of Ryujin is one quadrillion tokens.
Later, we will discuss why I think this is a rational target. After all, we must avoid moon boy thinking since that usually leads to roundtripping gains when the market crashes.
I am careful to emphasize that I do not know when this move will happen. However, we might be able to use logic to narrow down a broad timeframe.
I do not think that this bull market will continue past December of 2025. This conjecture is based on what the market did in 2013, 2017, and in 2021. The 4 year cycle thesis. The top for Bitcoin always came in November or December for 2013, 2017, and 2021.
One might counterargue that governments have now adopted Bitcoin and Ethereum which changes the landscape. While all of that is super positive for crypto long term, I do not think that it will influence the 4 year cycle thesis.
So, we might project that Ryujin will reach the 1 FIB level at the end of 2025. This is a conservative projection with respect to time.
Let's consider the moon boy projection with respect to time. In the past, when Ryujin moves, it moves with violence in a relatively short span of time.
The first rally lasted 3 weeks. The second run was 4 weeks. Could we see a major move to $22B in a 4 week window? Maybe.
Furthermore, it is not clear when Ryujin begins The Big Rise. Perhaps it starts at the end of March or the first week in April. Let's assume the first week of April.
Then, we might see something like this:
https://www.tradingview.com/x/qSSG1uqB/
Basically, 8 weeks from now to reach $22B.
I'd like to remind the audience that timing is almost impossible to predict in crypto. If it was easy, then everyone would be rich.
Let's move on from the technical stuff and dig a bit deeper.
The founder of Ryujin, from the beginning, predicted a market cap of $22B for the asset. And, most importantly, the community believes in this target wholeheartedly.
x.com/RyuJinDragonETH/status/1846491415506722936
ryujin.ai/static/pdf/RyuJinBLK22Bill.pdf
Let's take a step back for a moment and ask some very important questions. Who is behind Ryujin? What is the purpose of Ryujin? Is it part of a broader ecosystem? Does it have any utility apart from speculation? What about the distribution of its supply? Did Ryujin have a fair launch?
These are great questions to think about.
Who is behind Ryujin? The answer may surprise you. Ryoshi, the founder of Shiba Inu, is the creator of Ryujin.
x.com/Omikamitoken/status/1876543003915075612
x.com/tatsugitsune/status/1857987160630268113
x.com/Omikamitoken/status/1896551348021371219
x.com/Omikamitoken/status/1896853248444916104
Ryujin is part of a broader ecosystem. After Ryoshi left Shiba Inu, he launched Omikami and Ryujin. In the coming days, Omikami will have its own layer one blockchain (OMI20). Omikami will act as the governance token and Ryujin as a reward token. Omikami will have its own wallet, decentralized exchange, NFT's, staking, AI, VR, and play to earn games. Stakers and gamers will earn Ryujin as a reward for their engagement.
omikamitoken.com/
ryujin.ai/
Did Ryujin have a fair launch? Yes. 99.97% of the total supply was put into the liquidity pool at launch. The liquidity was locked for 5 years. The founder controls one thousandth of the total supply and Vitalik Buterin holds two thousandth of the total supply.
x.com/tatsugitsune/status/1898452839531413884
Ryujin is a very rare crypto. No insiders. No team tokens. Fair launch. Locked liquidity. Zero taxes.
Authentic community engagement with X spaces held multiple times per week on a consistent basis. These spaces sometimes run for as long as 7 hours!! This is a super bullish metric.
x.com/M2kuttt/status/1899200378933293421
x.com/GRIDDNET/status/1898842237187866699
x.com/lamedoo/status/1898400315293962483
x.com/4_2Maro/status/1898084600007520278
Much more could be said but I do not want the reader to get overwhelmed. I leave you with one final thought.
If you only knew who was behind Omikami and Ryujin, you would have aped everything.
You may want to grab an espresso before diving in since this will be a thorough analysis.
Let's begin with the technical stuff by using trend based fib extension tool. What did Ryujin do in the previous rally? It blasted past the 1 fib level and almost made it to the 1.618.
https://www.tradingview.com/x/t5xWILY5/
Now, using trend based fib extension, let's project the next top of Ryujin. We will choose the more rational target at the 1 fib level since the 1.618 is not a logical target.
https://www.tradingview.com/x/brlzhnUl/
Observe, how the 1 fib level is $0.000022885441356. This would imply a market cap of $22,885,441,356 since the supply of Ryujin is one quadrillion tokens.
Later, we will discuss why I think this is a rational target. After all, we must avoid moon boy thinking since that usually leads to roundtripping gains when the market crashes.
I am careful to emphasize that I do not know when this move will happen. However, we might be able to use logic to narrow down a broad timeframe.
I do not think that this bull market will continue past December of 2025. This conjecture is based on what the market did in 2013, 2017, and in 2021. The 4 year cycle thesis. The top for Bitcoin always came in November or December for 2013, 2017, and 2021.
One might counterargue that governments have now adopted Bitcoin and Ethereum which changes the landscape. While all of that is super positive for crypto long term, I do not think that it will influence the 4 year cycle thesis.
So, we might project that Ryujin will reach the 1 FIB level at the end of 2025. This is a conservative projection with respect to time.
Let's consider the moon boy projection with respect to time. In the past, when Ryujin moves, it moves with violence in a relatively short span of time.
The first rally lasted 3 weeks. The second run was 4 weeks. Could we see a major move to $22B in a 4 week window? Maybe.
Furthermore, it is not clear when Ryujin begins The Big Rise. Perhaps it starts at the end of March or the first week in April. Let's assume the first week of April.
Then, we might see something like this:
https://www.tradingview.com/x/qSSG1uqB/
Basically, 8 weeks from now to reach $22B.
I'd like to remind the audience that timing is almost impossible to predict in crypto. If it was easy, then everyone would be rich.
Let's move on from the technical stuff and dig a bit deeper.
The founder of Ryujin, from the beginning, predicted a market cap of $22B for the asset. And, most importantly, the community believes in this target wholeheartedly.
x.com/RyuJinDragonETH/status/1846491415506722936
ryujin.ai/static/pdf/RyuJinBLK22Bill.pdf
Let's take a step back for a moment and ask some very important questions. Who is behind Ryujin? What is the purpose of Ryujin? Is it part of a broader ecosystem? Does it have any utility apart from speculation? What about the distribution of its supply? Did Ryujin have a fair launch?
These are great questions to think about.
Who is behind Ryujin? The answer may surprise you. Ryoshi, the founder of Shiba Inu, is the creator of Ryujin.
x.com/Omikamitoken/status/1876543003915075612
x.com/tatsugitsune/status/1857987160630268113
x.com/Omikamitoken/status/1896551348021371219
x.com/Omikamitoken/status/1896853248444916104
Ryujin is part of a broader ecosystem. After Ryoshi left Shiba Inu, he launched Omikami and Ryujin. In the coming days, Omikami will have its own layer one blockchain (OMI20). Omikami will act as the governance token and Ryujin as a reward token. Omikami will have its own wallet, decentralized exchange, NFT's, staking, AI, VR, and play to earn games. Stakers and gamers will earn Ryujin as a reward for their engagement.
omikamitoken.com/
ryujin.ai/
Did Ryujin have a fair launch? Yes. 99.97% of the total supply was put into the liquidity pool at launch. The liquidity was locked for 5 years. The founder controls one thousandth of the total supply and Vitalik Buterin holds two thousandth of the total supply.
x.com/tatsugitsune/status/1898452839531413884
Ryujin is a very rare crypto. No insiders. No team tokens. Fair launch. Locked liquidity. Zero taxes.
Authentic community engagement with X spaces held multiple times per week on a consistent basis. These spaces sometimes run for as long as 7 hours!! This is a super bullish metric.
x.com/M2kuttt/status/1899200378933293421
x.com/GRIDDNET/status/1898842237187866699
x.com/lamedoo/status/1898400315293962483
x.com/4_2Maro/status/1898084600007520278
Much more could be said but I do not want the reader to get overwhelmed. I leave you with one final thought.
If you only knew who was behind Omikami and Ryujin, you would have aped everything.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.