Crust Network (CRU)

Occasionally a project will capture my attention, Crust Network is one of them. But first a little background… The Filecoin project with IPFS (InterPlanetary File System) storage has had my attention for years now along with other protocols from projects such as Sia, Storj, Arweave. Have studied various decentralised cloud storage options with the comings and goings of various projects and I’m of the opinion IPFS will dominate. In fact if you compare the dominance between those different projects on the chart you can see Filecoin is leading the pack. Nonetheless that does not mean others will cease exist, so how will they participate? Now here is the reason for the interest in Crust Network. In a word, utility. At the moment the use of those services mentioned above is convoluted, it is not straight forward for everyone. Give Filecoin a try.. then try the next service, all with different ecosystems. And with Filecoin, very much aimed at the corporates rather than the individual. This is where Crust Network steps in.. “Crust Network provides a decentralised storage network and cloud solutions for both, the Web 3.0 as well as Web 2.0 ecosystem and is build on Polkadot’s Substrate framework. It provides a unique incentive layer for the IPFS protocol. Crust Network is integrated with many blockchains and provides a fully decentralised storage layer for Ethereum, BSC, Polygon, Solana, Near, Elrond, Heco and others.” In summary the Crust Network is a doorway to multiple ecosystems for cloud storage. I know of no other storage protocol that operates like this. On the technicals.. Unfortunately the markets are of very low liquidity. Instead of looking at any one exchange, we’re studying the market structure on uniswap, it has the most history. On the above 6-day chart price action has broken out of resistance with strong bullish divergence. A measured move from the wedge breakout makes this idea a 250-300x return. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: No idea Return: 250-300x