Investment Thesis :Ark is one week away from pushing the V2 devnet to the mainnet. Ark has spent nearly a year re-writing the original code fromscratch (they stated absolutely zero copied code). A significant amount of projects in this space copy code from one another,which shows the strength of this development team. This release will bring Ark much closer to releasing their virtual machine, andpublishing their push-button blockchain (both expected sometime next year). By the end of the year, Ark will release a newwhitepaper, release Ark Core V2, release ArkPay (98% completion), and a redesigned Desktop Wallet (90% completion). Ark hasincreased the number of employees in this bear market, which is a great sign of the projects long-term viability. With this update,more developers will start working on the Ark blockchain as Core V2's code will significantly decrease the number of errors andmake it easier to use. Ark continues to make strides in their partnerships, such as partnering with Major League Hacking which willbring more developers to the ecosystem. One of Ark's criticisms has been its lack of marketing. Ark's philosophy has been: Whymarket an unfinished project? With Core V2 being implemented, the amount of marketing will only increase. Recently, Ark membersattended the World Crypto Con and sponsored the final player table. With famous crypto-influencers attending the event such asCharlie Lee, Ark has most definitely stepped up the marketing in recent weeks. Not to mention Ark's love for Nascar and theirregular sponsorship of racecars (which was recently published on Fox Business). Let the fireworks begin.Price Analysis :Since bottoming out at 0.0000928 BTC/ARK, Ark has risen 37.4% since September 12th. The price of Ark fluctuated between 0.00012BTC/Ark and 0.0001050 BTC/Ark for over a month. On October 17th, Ark broke out from this price range and since then has beencontinuing to make relatively new highs. Ark also broke above its 100 day MA and has steadily held above this MA. The 20 day MAcrossed above the 100 day MA, signaling further bullish sentiment. The 50 day MA is days away from breaking above the 100 dayMA: another strong bullish event. The RSI currently sits at ~60. This is above 50 signifying bullish sentiment and is not overbought.The ADX and DI signals the strength of the bull trend is only increasing and is issuing a buy signal. All in all, I see strong bullishsentiment both in its developments as an ecosystem and the future price.Sources:https://twitter.com/ArkEcosystem/status/1056991839285317633https://twitter.com/ArkEcosystem/status/1057900997819985920https://ark.io/roadmaphttps://news.8btc.com/chinas-recent-report-80-of-cryptocurrencies-are-suspected-of-plagiarizing-codeshttps://github.com/ArkEcosystemhttps://www.tradingview.com/chart/ARKBTC/pX5uoSOx-Ark-TA/https://twitter.com/WorldCryptoCon/status/1057762396003942400https://twitter.com/dontminedotcom/status/1047211656135266304** Edit to Title: Ark is very close to pushing V2 to mainnet, and will see V2 on the mainnet by January 2019 according to lucasin0
Submitted November 02, 2018 at 11:08PM
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