It’s Time To Move

It’s Happening Again…

A multi-week price consolidation is now reaching its end. We often speak of the cycles of assets and why consolidation is necessary. After every big rally there must be a period of time where some holders reduce or exit their positions entirely, while new holders enter for the first time. As the price of $PING steadily decreased, the total numbers of wallets holding $PING has been increasing. This is a bullish indicator that nearly always precedes a breakout. Those who are willing to sell their positions become exhausted as interest in buying grows, and eventually flips the momentum resulting in a breakout on the chart.

As the keen observer can see in the chart above, this is what is now happening. Many longtime $PING holders are no stranger to this ebb and flow of price and have seen this same pattern repeat several times already. Those that were patient are now about to reap the rewards of that patience. Those that are observant enough to see the beginnings of what likely comes next still have time to lock in a seat on the train before it leaves the station. We are just a few days from the first major announcement in a series that will span the month of September. We have a couple surprises planned as well which shall be announced at the optimal time.

The market is indicating a strong recovery today with big moves from Bitcoin, Ethereum, and Binance Coin. So far, the conditions we have hoped for are holding well and fit into our overall timeframe nicely. We are happy to confirm that everything remains on schedule, and we look forward to some very exciting days ahead for our holders.

Founders AMA 9/1

• Our own in-house legal council has joined the team on retainer! She also makes the first female member of the Sonar Team. She will be introduced in next weeks AMA and will appear in some future AMA’s. Her main task for now is to help with the process of incorporation.
• We have amassed a sizeable marketing budget waiting to be unleashed at the right time. We have passive marketing going in the background 24/7 in the form of advertisements, email mailers, microworker promoters. However a large marketing campaign will be executed in tandem with our major announcements this month, maximizing the impact.
• Our first major announcement will take place in the next 3–5 days.
• Our analysis on the near future prospects of BNB looks promising. We will continue to keep the LP in BNB on the next re-lock. We expect strong upside from BNB and the resulting boost to our own price in the days to come.
• UI is complete on the Ethereum Bridge Interface. The code is nearly complete and will soon be in CertiK’s hands for an audit.
• Overall, development of the Charting Tools and Wallet is still on schedule.
• Suleman explains more about cybersecurity in light of some recent wallet hacks. Never keep your seed phrase in a digital format! Only save on paper or a steel plate.
• Suleman is taking the lead on growing our Australian community, an important market in crypto with a lot of overlap with Asia.
• Jacob speaks about the rapid growth of our Iranian community, large Persian and Arabian whales who are waiting to invest upon the announcement of our news, and the partnering with a top Iranian influencer for a marketing campaign.
• We continue our efforts to penetrate all markets around the world — spreading the interconnected web of Sonar far and wide.
• The whitepaper is currently being translated into several different languages.
• The Sonar Platform will combine all of the tools necessary for trading under one roof. While there are some aspects of Sonar separate in other projects, no one else will combine it all holistically like Sonar, and then some. Furthermore, since our token is so new it presents unparalleled opportunity for price volatility and growth which is a rare opportunity for investors.
• Digital security hygiene will continue to be a big focal point for Sonar and our communication with the community. Never use the same password twice in different areas, never store your seed phrase digitally, don’t click on suspicious links or download anything suspect. Subscribe to identity and threat monitoring services.
• Merch will be available very soon! Our sample prints are to our liking. We have ordered the full stock which will be available for sale soon.

This week began quietly, but seems to be positioning to end with a bang. Again, we give our gratitude to our loyal and diligent Sonarians — to the days ahead!

-The Sonar Team