Insights of a Crypto enthusiast, miner and trader…
What is PIRL ?
Pirl is fairly new project that caught my attention in Mid-November, I was brought to it following my miner interest. Shortly after I decided to start on my deep insights investigation of the project which would make me decide the faith of my mined coins.
First overall impressions:
– Serious and transparent team – No hidden faces
– Very active and rapidly growing community
– Good stability and constant growth in price
– Roadmap is strictly followed.
– No Pre-mine
– No ICO
This made me look deeper into the projects technology aspects. There is way too many new coins spawning that clone codes and barely add any features, I had to know what is the case with PIRL.
I was honestly impressed by the initiative of the team to bring new technology and contribute to world of Crypto.
First technology and development impressions:
– The first MN Eth code project with carefully designed MN economics
– Payment gateway with ESCROW Service
– Decentralized marketplace which will utilize MN, Payment gateway and escrow
– Community voting system
– Trezor implementation
– Daily updates on development progress
– Hardworking team that delivers as promised.
After 2 years of mining and trading ETH i finally had this old feeling in my guts that the project I invest my mining power, and trading capital is going places and I should go long.
Why did I invest in PIRL ?
Having in mind the listed impressions above and my experience with Crypto miners and trader behavior, it was like putting 2+2 together.
I personally use a very simple and very effective graph for taking investment decisions:
Basically I ask myself this questions, I research the available information and if I like the answer I`m confident that this is a good investment.
Other than that I analyze the possible price movements based on the know future.
In the case with PIRL those are my expectations:
Then I do a quick analyze on the charts.
The current charts show great confidence with stable daily gains:
Community initialized vote in twitter also shows their confidence and expectations for the project as MN Beta release is closing by:
In order to sum it up, as I closely follow the events all I can see ahead of PIRL is a bright future and something that can really be used as a tool. Therefor I`m fueling my rocket and I put my long term bets on PIRL. Good luck!