All about PulseChain: Updates, narratives and latest predictions!

Today we’re diving deep into the world of the PulseChain ecosystem. I’ll be going over the background, sharing expert perspectives, plus answering the question on everyone’s lips – when can we expect some price movement? So whether you’re an existing investor, or you’re simply curious and want to know more, there’ll be something in here for you.

A bit of background
PulseChain was founded by Richard Heart (RH), an early Bitcoin miner, billionaire business owner and advocate for self-custody and freedom of speech. Many see Richard as a controversial figure and certain communities like to cast him as a villain, but he has a loyal following who believe in him and his decentralised vision. Richard’s marketing methods can be entertaining or controversial (depending on your viewpoint!), but there’s no denying his ability to educate, inspire and discuss Crypto is second to none.

Richard’s first coin, HEX, took off late in the bull market of 2021 and gave some buyers up to 10,000x return on their investment (this is why some speculate the RH coins will perform later in the cycle and to stay patient).

After the success of HEX, he then set out to motivate a community to create a truly decentralised ecosystem known as PulseChain.

A new layer 1 is born
PulseChain is a fork (copy) of Ethereum, with some code changes designed to make it faster and cheaper to transact. It launched in May 2023, deep in the bear market, and experienced price volatility and sell-off from those who grew impatient waiting for returns. Investors that dislike PulseChain like to point this out, but it’s quite common with early-stage projects. In fact, the same thing happened to Ethereum within its first year.

Many people consider the sell-off stage a necessary part of a new project’s cycle. It’s known as ‘washing out’ phase because essentially, you’re left with a genuine community of believers willing to be patient for higher rewards. If you’ve followed Richard Heart for some time you will know he’s a big advocate for delaying gratification.

This is exactly where we find ourselves with PulseChain.

This community has a solid foundation that believes in a decentralised future. There are no venture capitalists involved, and every single project has been built from within the community. What’s even more promising is that those currently active in building and developing the chain, will likely be the ones who drive the narrative of the chain moving forward.

The power of this should not be underestimated.

While Bitcoin and Ethereum tend to be more elitist, the PulseChain community is very connected from a grassroots level. I have no doubt the chain will benefit from this and see even more development once the capital flows in.

Which brings me to my next point.

Is PulseChain undervalued?
In my opinion, yes. In fact, PulseChain has been called the most undervalued layer 1 in all of crypto!

So why is the community so excited about this chain? 

For one, it features all the tools and attributes you’d want to see in a decentralised financial system. There are approximately 180 coins and tokens, including memes, exchanges, DeFi protocols and more (and has broken the record for most app launched on a chain in the shortest period of time). Also, it shares and enhances the technology of Ethereum, with much cheaper and faster transactions. And all of this has been built without large centralised exchange support.

Unlike other projects that are already listed on big exchanges, PulseChain is a sleeping giant. Many speculate what an offering like this can once picked up by the broader market, public and exchanges.

Remember, we are still so early to this ecosystem, and it can be tough to stick it out at times like this but remember that we haven’t even officially entered the bull market, alt coin season is still months away and historically, RH coins perform later in the cycle. This would put us mid to late 2025.

We’re at a pivotal moment that could be compared to the early days of Bitcoin and Ethereum. The wider world hasn’t caught on yet, but the opportunity for growth is phenomenal. I believe it’s poised to do incredibly well.

So why so much FUD? (Fear, uncertainty and doubt).

The SEC case
Like many others in the crypto community, Richard Heart is under attack by the SEC. His projects are accused of being securities and Richard is accused of misusing investor funds. The court case around whether Pulsechain is a security is probably deterring the more high-profile influencers from talking about PulseChain, so that could change once the court case is over.

Remember, Ethereum was also accused of being a security by the SEC, but has now officially been cleared. Given PulseChain is a literal clone of Ethereum, what does this mean for the SEC’s case?

Where we stand now is that Richard’s legal team submitted a comprehensive and detailed motion to dismiss the case. The SEC left it until the very last hour of the deadline day (8th July) to respond.

The result? The SEC has opposed the motion to dismiss.

Parts of that response remain unavailable to the public, which is interesting given the SEC is a public entity acting in the interests of ‘investor protection’.
(Nuclear Herbs goes into this more here https://x.com/NuclearHerbs/status/1810743644988788826)

So the ball is back in the court of Richard’s lawyers to respond to the SEC by 22 August. The big court date is the first oral argument between all parties, set for 24 October. This is the event that everyone is anticipating.

It’s no secret the SEC has been on a warpath against crypto, citing concerns of investor protection and market integrity. However, the US Government is beginning to soften its stance toward crypto and appears to be reigning in the SEC for overstepping their remit. The heavy-handed tactics that have stifled crypto innovation are slowly starting to be lifted.

But here’s what many people don’t factor in.

Richard’s projects are true DeFi, so they’re immutable code on a public decentralised ledger. The projects are out there in the world, operating in the decentralised way that they were designed to. They can’t be shut down by any centralised authority, including the SEC. In other words, the chain itself is performing flawlessly and without fail.

Coins and narratives
The core Richard Heart coins are HEX (a store of value, similar to Bitcoin), PulseChain (coin of the chain used to pay transactional fees, similar to Eth on Ethereum) and PulseX (decentralised exchange), plus a large variety of coins and projects built by the community.

The Richard Heart core coins tend to be linked pretty closely in their price movements. However INC, a token that only comes into existence as a reward for liquidity providers in PulseX, can behave very differently. The tokenomics are unique when compared to every other RH coin, which can be helpful in certain market movements.

PulseX is also particularly good now because it’s had a big washout. And when you factor in the buy and burn mechanism (which ensures the token is deflationary) PulseX is very undervalued. In fact, it’s been compared to owning a share of the casino! So you can see why many view it as an exciting project.

From a community-driven angle, perhaps the strongest and most controversial narrative in the PulseChain ecosystem is PDAI going to $1.

PDAI is the PulseChain copy of DAI, a decentralised stablecoin pegged to the US dollar. Richard has hinted at a stablecoin for his chain and speculation is rife that he is making moves behind the scenes to make it happen.

But here’s what’s interesting about the PDAI narrative. It goes against the fundamentals of stablecoin value.

You see, PDAI started life as a free Airdrop with a value of zero. Anyone who held DAI on Ethereum received the same amount of DAI on PulseChain, which means a lot of people hold it in large amounts. It would be highly unusual for a stablecoin to be created under these conditions.

Unusual, but in the crypto world, not impossible!

Now, let’s take a look at how PulseChain performs.

Performance and price
From what we’ve seen, PulseChain does move with the market – meaning it rallies when other altcoins rally, and it retraces when others retrace. Its movements are more volatile due to the lower liquidity and because it’s leverage on the market. This is a good thing because when the bull market kicks off, investors will benefit from that leveraged position. The chain has been impacted by FUD, but it’s still a cycle one coin and traditionally, cycle one coins do incredibly well on their first bull run.

So when is the price performance going to really kick off?

Well, many in the community believe PulseChain needs to be listed on some of the larger global centralised exchanges (it was recently added to MEXC). Others say Richard needs to return to live-streaming, and some say he is going to orchestrate a price pump which will send his projects soaring. He has already bought 97,276 ETH at a cost of $363 million USD, triggering speculation that he’ll roll those profits into his coins at a later date.

Could this be a clue that PulseChain will receive a capital boost once Ethereum has taken off? And how soon could this be, given the Ethereum ETF is just around the corner?

Overall, I’m extremely bullish on PulseChain, among many other great projects we discuss at DWG. It has excellent code, a committed community and a billionaire Founder who has locked so much Ethereum into the sacrifice wallets. Richard has been known to ensure the growth of his own coins and he’s a proponent for delayed gratification. This was why he built HEX in the first place – as a store of value that rewards staking. Hex was a late bloomer during its first bull market, I wouldn’t be surprised if we see the same thing with PulseChain.

While no one has a crystal ball, the signs are pointing to an exciting bull market on the horizon. As we’ve seen before, it all begins with Bitcoin, followed by Ethereum, then the altcoin boom of this bull cycle will carry us into 2025. This is all consistent with previous bull markets, so we’re right where we need to be.

Our next PulseChain update will be around the next major SEC vs RH date on 22nd August.

In the meantime, stay tuned into Bitcoin and Ethereum and be prepared for the alt coin rally to come in 2025.