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RE: The Altcoins with a Purpose Are Coming!
I'm more than a little skeptical of a coin that feels they need a countdown for the release of a whitepaper. Why would you do that? One simple reason is if you are sick of holding the bag on this thing and you want a little price pump to give you a good exit point.
I thought so too, initially. But actually, it's currently trading at all time high level right now. The buy side looks really thin, but there is just no sell volume. No one is selling. That's saying a lot for a two year old coin with basically no hype trading at ATH. Makes me think that the people behind the project have consolidated a very large stake of the token for themselves. Also, with the apparent hedge fund angle in play, it makes sense to buy up as much of the market as you can before announcing. We don't know their plan yet, but Brian Kelly is a smart guy, a big fan of crypto, and IMO he stands to lose a lot in the reputation department if this is just another PnD. Look at the market depth. Looks precarious as can be but no one is selling...