Some of you may have seen the large spike today. If you aren’t aware of what the coin is all about you should take a look into it. I was fortunate enough to buy in around this price range years ago before the huge spike (go back and look at the chart from a few years back compared to the current price).
What was happening around that time before? A hardfork. From everything I’ve been seeing it looks like there may be another hard fork in around Late May – Early June. Sure we may not go 15X, but it could easily happen again. Regardless I’m holding some to see what happens. It has already about tripled since I took a position again. If you do take a position, I’d expect large spikes up and down. If you look at depth chart and buy/sell orders there really aren’t that many. It doesn’t take that much money into it to move the price way up or way down. This is more of a buy and don’t look at it for a month or two situation more than likely. The current low also makes it harder to liquidate a position quickly so be warned. The blue/aqua looking line is a resistance based off some older data. If we get above that we should be golden.
Disclaimer: This isn’t financial advice. I am not a professional. Trade at your own risk. This is me just sharing my thoughts.