London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
https://twitter.com/oskiidev/status/1488243895330820108?s=21
aavegochi proposal successful.
And another partner... good Umbria exposure on their site
https://thematicgreys.com/
Great post.
I have always thought that the Narni bridge approach is a real long term winner because it doesn't rely on the price of cryptocurrency as much as the volume of traffic.
Regulatory tightening and control may make cryptocurrency and NFT's more stable and this might ironically help the Narni bridge to become an above ground process tied in with a domestic name in fiat currency like Visa/Mastercard.
Then, as you nicely put it, the whole shebang is going to blow sky-high :-)
Agreed.
I think to some extent, the lack of RNS comms is deliberate, as they like to fly under the radar..
I guess, when the time is right we'll see some significant RNS action from OBC re Umbria Project.
For now, it is to our advantage to be able to accumulate OBC shares on the cheap.
There is also the attempted takeover at ADVFN to consider...this may be affecting the news output too.
As for the significant tie-in with a big name, who knows? Ideally, UMBR would get a listing on one of the major sites like Coinbase. Perhaps they are waiting until the foundations are more fully laid, and ready for the next stage? A listing like that would have a dramatic impact on the UMBR price, with such a major % of the approx 5.4m available UMBR already tied up in LP tokens, and staked on the bridge. I know the team are not keen on seeing huge spikes, followed by steep drops in UMBR price, and would much rather see a gentler, but more sustainable steady rise.
NFT projects are flocking to become partners with the Umbria Project as they all want the bridge connection to help their users save money. Now the team are focussing more on attracting partnerships with projects on the newly bridgeable networks Avalanche and Binance Smartchain.
The 2022 roadmap is very ambitious and exciting. Perhaps all we need is for ETH and BTC to return to a rising trend, then crypto sentiment will reverse rapidly, and anything blockchain will be HOT once again. While most folk are bearish atm, it is probably time to get positioned, rather than waiting for the turn. Regulation of the crypto space is often seen as a negative, but may , in fact be a major positive which would allow more cautious organisations and investors to enter the crypto space with greater confidence (and $$$).
Ultimately the hard financial results with profit/divi will be the key to OBC success. For now, it is still unclear how much money Umbria Project will generate for OBC, and the market needs clarity on such matters. Bridge TVL and transaction numbers continue to rise, but that does not necessarily equal profits for OBC at this stage. Nonetheless, I continue to have faith that at some point soonish, the whole shebang is going to blow sky-high.
Another milestone reached. 50,000 transactions on the bridge.
Lots of negative press ATM regarding Cryptocurrency, both it's ability to be a store of value and the likelihood of strict regulation.
Is it possible many are assuming that because lots of crypto mining occurs in the Russian/Chinese sphere that it could be affected by Ukraine??
I reckon OBC is not understood because the Chambers don't use RNS effectively - their efforts at the start of 2021 didn't read professionally. Lots of the vibe about the Narni bridge for example is communicated via Twitter.
We know OBC has a net book value which is close to current s/p but to grow from here either:
1) the masses need to continue to make the mistake of linking the price of OBC to Bitcoin when that rises again
2) we need greater investor publicity - that hits those with money to invest
3) we need a commercial tie in with a known name in the finance world
4) we need hard financial results with profit showing and/or dividend
AFN still rising, OBC still ignoring the rise.
Zzzzzz
ADVFN up 12% in late end of day spike.
Every little helps..
Surely OBC sp must soon respond to this rise?
https://twitter.com/devbarnyard/status/1486668167057453056?s=21
Another all time high number of transactions on the bridge.
Avalanche (AVAX) added to Bridge this morning.
2022 Road map is on the roll.
https://www.coingecko.com/en/coins/avalanche
Another very large and very late trade reported after hours.
I had to have a gander back into the last 2 days to see what the prevailing spread was at the time of the transactions.
The big trade reported yesterday was definitely on the buy side of the spread at the reported time, today's massive trade was on the sell side of the spread at the reported time.
I'm curious why such large trades crystallise on the system so late.
https://twitter.com/networkumbria/status/1486308589950181379?s=21
Breaking news.
The "For Sale" signs going up and all the Israeli buy in speculation makes AFN a really interesting story.
Of course it underwrites the value of OBC as mentioned previously.
https://www.investegate.co.uk/advfn-plc--afn-/rns/best-global-private-investor-multi-market-informat/202201260700076257Z/
Todays RNS for AFN. We own 17% of AFN.
Does look like a buy though. I was wondering about the rise just after 15.30, with no big trades showing.
ah - my bad its from yesterday so a delayed recording - still a big trade
WOW - unusually meaty trade after hours.... looks to be on the buy side of unknown.
That's a pretty decent article..good find.
Shame they didn't mention the connection to OBC though. Many UMBR holders have no idea about the connection between the two.
Good points Bennster.
Agreed, floor is due to rise significantly shortly.
Fully positioned to benefit from that, and very comfortable waiting as long as it takes.
ETH reversing back upwards would boost UMBR very nicely, through the UMBR/ETH pair.
Other possible triggers are a significant partnership news, or more news from the ADVFN takeover saga.
Hi Dubjon,
No coincidence resistance is 36p given that's the raw net book value. I look for a higher floor soon given all the great progress with the Narni Bridge - a recovery in BTC (and more relevantly to us) ETH will see this move fast given the low m/c and the low free float. Sometimes it just takes a little while for the market to catch up :-)
https://twitter.com/networkumbria/status/1485929149801938944?s=21
Over $6million TVL on the Narni Bridge.
Solid support seems to be in place for OBC
Sept low...36p
Oct low.....36.5p
Nov low....38p
Jan low.....38.5p (so far)
Support level is gently rising over time. Pleasing to see the recent dip getting bought quite strongly too. Considering the hammering tech stocks/crypto has taken recently, we are holding up very well. Looking very cheap at current price, given the 2022 roadmap
Check it out at the bottom of the page linked here : https://umbria.network/