I am still very high on the idea of UDT and think this project has so much real world potential if it can gain the traction it needs to break into the mainstream. It addresses a very real problem that’s out there in this modern world.
The team is great and very capable. Now its been bolstered up over 2021/22 hopefully they can now perform some magic and enable the project to progress further. The project is also backed by some serious financial backers in General Catalyst, Cherry Venture and Coinbase Ventures which is also a good look for it.
From a TA perspective the chart does not look pretty and is now back at the levels ($7) which it was when the project initially launched its UDT token in 2021 before its quick meteoric rise to over $2500. With price retracing over 99% these are definitely levels if one believes in the fundamental idea behind the project UDT to buy at (NFA). I believe it will take some further sideways accumulation over a prolong period but in the next bull market cycle the token’s price could see some great rewards from the projects perseverance and fruits of the team's labour.
For full disclosure because of UDT's idea, what it addresses and the team behind the project I have already started to build a position on this asset. Show Less
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