DUSK – 250% in 9 Days

What is DUSK?

DUSK:

Dusk Network describes itself as a blockchain for programmable and confidential securities, powered by Zero-Knowledge proofs and novel Private PoS leader extraction-based consensus protocol. Dusk Network is a privacy blockchain for financial applications. It is a layer-1 blockchain that powers the Confidential Security Contract (XSC) standard, and supports native confidential smart contracts.

Dusk Network aims to address the requirements and needs of financial markets. Central to its design is a scalable public infrastructure, direct settlement finality of transactions, and strict data privacy.

  • Direct settlement finality. A distributed Financial Market Infrastructure (dFMI) should provide clear and final settlement of transactions. On Dusk Network transactions are fast, take seconds to complete, and achieve immediate on-chain finality.
  • Privacy. Dusk Network provides full user privacy and enables decentralized applications and third-parties to adhere to strict compliance requirements whilst still offering data privacy. This increases the ability to perform business processes on-chain, leading to significant cost reduction.
  • Public. Users do not need the approval of a trusted authority to use the Dusk Network blockchain. Besides, only minimal processing power and modest IT resources to join. All users who possess the DUSK token can participate in the consensus. 

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DUSK Price Action

DUSK made a new ATH on April 9th, 2021.  Only 248 days later and DUSK has already made another new ATH and has been raging ever since.  

DUSK is what we consider HIGH-RISK because the Volume is very low in comparison to some more MidCap tier coins.  In fact, DUSK just barely creeps into the Top 200 Coins on CoinMarketCap, ranking at #197.  That being said, it’s worth a mention, especially when the market has been so down over the last month.

DUSK had a break and a retest of the previous ATH.  The target for that trade is about $0.70 and would net a 53% gain.  However, there is still a chance that DUSK does work its way back to $0.45 – especially if the MidCaps start heating up again as they did yesterday.  This would likely have a negative effect on something like DUSK and may allow it to drop back to the previous ATH again.  

That move would still net a 53% gain but it would also open the door to a potential push to an even higher target on what would then be considered the third leg.  

That third leg could have potential Take Profit resistance in Price Discovery near $1.07 – giving the buyers at $0.45 a 136% gain.

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