[AEON] Aeon Speculation

[bbc.reporter]

Aeon is going back inside between very longterm trend lines in Bittrex. If the code rebase is released, we might be witnessing it go up to higher than 30,000 satoshis by the end of this year.

My only wish for now is for the HitBTC traders become more active.

[1714173733]

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[1714173733]

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[1714173733]

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[1714173733]

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[bbc.reporter]

The Bittrex pumper is back again on Bittex. He might be the same trader who has been placing the thousand Aeon buy orders on HitBTC. With him around it has been hard to get Aeons at limit orders. So buy now at the present prices, I predict a very large price climb soon and we will not see it go back.

[Febo]

This was found on r/XMRtrader. Seems many new people entered AEON today.  Also r/AEON passed 1500 subscribers.

[bbc.reporter]

This is it! Now let us hope that it will hold and stay up. Aeon has suffered its own doses of pump and dumps and this could be another one of them.

@Febo. $15.00 is too high I reckon. Let us settle with $5.00.

[bbc.reporter]

Chart update for Aeon in Bittrex, HitBTC chart is also the same with Aeon's price dancing on 30,000 satoshis with the sell wall broken yesterday. The activity in HitBTC is also increasing.

To all Aeon holders, what do you reckon will the support be? Will the price today hold or will we see another dump?

[estenity]

Chart update for Aeon in Bittrex, HitBTC chart is also the same with Aeon's price dancing on 30,000 satoshis with the sell wall broken yesterday. The activity in HitBTC is also increasing.

To all Aeon holders, what do you reckon will the support be? Will the price today hold or will we see another dump?

for me it is a pure anticipation of future characteristics in a context of limited supply.

[Its About Sharing]

Chart update for Aeon in Bittrex, HitBTC chart is also the same with Aeon's price dancing on 30,000 satoshis with the sell wall broken yesterday. The activity in HitBTC is also increasing.

To all Aeon holders, what do you reckon will the support be? Will the price today hold or will we see another dump?

Looks like we broke that channel. Watch the next few days to see if we hold.

Fib support is as below, 38.2% around .00037

[ALX3K]

will there come some wallet updates in the near future? still no mac wallet

[Its About Sharing]

will there come some wallet updates in the near future? still no mac wallet

There is a Mac Wallet, just look at the Github. https://github.com/aeonix/aeon I was going to install it, but now they released the update as binaries and I was using Homebrew (sort of does it for you.) So I'm not sure what to do now. And, I don't see any documentation on how to operate it. Anyone else?

[Surging Chaos]

Great to see Aeon on the move, but this pump seems a bit... inorganic. Deposits and withdrawals are still disabled on Bittrex, so this pump is coming from just whatever Aeon is stuck on Bittrex. Right now there are only ~345k Aeon left on the sell side for Bittrex. It was at more than 500k 24 hours ago. People are bidding up whatever Aeon they can throw money at.

[estenity]

Great to see Aeon on the move, but this pump seems a bit... inorganic. Deposits and withdrawals are still disabled on Bittrex, so this pump is coming from just whatever Aeon is stuck on Bittrex. Right now there are only ~345k Aeon left on the sell side for Bittrex. It was at more than 500k 24 hours ago. People are bidding up whatever Aeon they can throw money at.

new version 0.9.13.0 just released by smooth.

[Surging Chaos]

I'm aware of the new release but it still doesn't change the fact that so little Aeon is on Bittrex that can be bought. I'll wait to see what happens once deposits and withdrawals are re-enabled on Bittrex. If this holds, then yes this is a legit pump.

[Febo]

Chart update for Aeon in Bittrex, HitBTC chart is also the same with Aeon's price dancing on 30,000 satoshis with the sell wall broken yesterday. The activity in HitBTC is also increasing.

To all Aeon holders, what do you reckon will the support be? Will the price today hold or will we see another dump?

Looks like we broke that channel. Watch the next few days to see if we hold.

Fib support is as below, 38.2% around .00037
(edit - I can't post the image, do we have an approved hoster?)

https://imgur.com/pJkp4bE

Aeon shall break all channels thanks to all the supporter. All the rest, just watch while we ride the moon rocket. Monero has built the golden road, Aeon will follow.

Monero rebase happened Jan 1st 2016. And 2016 was year of Monero.  If AEON rebase gets implemented Jan 1st 2018 then 2018 could be a year of AEON.

[phishead]

ARISE CHIKUNNN!

[Febo]

After many many months AEON is back in TOP100 Crypto. Considering only coins is more like in top50.
AEON is just returning where it belongs.

[alay1388]

If and when the non-private "Bitcoin" blockchains are hit with massive investigations (arrests, fines) as exposed by Wikileaks, since I do not think any government agency will report the fact that they have apps that can trace all transactions, I think that these public blockchains will persist.

It is only when investors choose to trust the private math, sort of how we all trust pocket calculators to arrive at the correct answers, that Monero and AEON will take off.

Not to sure about Bytecoin, but it does have a professional GUI.

What is also curious is that many other 'coins' sell the sizzle and not the steak. I think that opposite applies here.

I mean, how many times have you see awesome graphics, but no substance -- then no coin?

Or just the opposite, like Vcash, but surrounded by clouds of FUD?

[bbc.reporter]

A Cup and handle formation is coming. I reckon some traders will start selling some Aeon soon to take some profit. Be careful, some people will start making FUD when that correction comes. Do not believe them. A correction is a natural occurrence in ascending markets.

[estenity]

A Cup and handle formation is coming. I reckon some traders will start selling some Aeon soon to take some profit. Be careful, some people will start making FUD when that correction comes. Do not believe them. A correction is a natural occurrence in ascending markets.

whatever technical analysis, we are interested in the substance of aeon.

[Its About Sharing]

I'm aware of the new release but it still doesn't change the fact that so little Aeon is on Bittrex that can be bought. I'll wait to see what happens once deposits and withdrawals are re-enabled on Bittrex. If this holds, then yes this is a legit pump.

Fair point but let's look further. HitBTC is at $2.26 right now and at $2.70 on Bittrex - Though I don't trust HitBTC that much though - I stay away and won't put too much into the price disparity (yet).

Looking further:
BTC is $4300 and LTC is $54. (80:1 ratio)
BTC Market Cap is 71.5 Billion and LTC is 2.9 Billion = 25:1 ratio
Dash is $323 and Pivx is $3. (108:1 ratio)
Dash Market Cap is 2.5 Billion and Pivx is 166 million = 15:1 ratio
Monero is $94 and Aeon is $2.70 (35:1 ratio)
Monero Markt Cap is 1.4 Billion and Aeon is 39 million = 36:1 ratio

Price is more psychological (albeit still meaningful) but Market Cap is more practical here when trying to determine true value (e.g. companies, cryptos, etc.) So, on the surface - Market Cap wise, I'd say Aeon is quite undervalued relative to some other Cryptos (ratio wise) BUT this is dependent on Aeon full-filling the promise of what it will do technically (e.g. running on a cell phone). Perhaps the price is fair all things considered - risk is priced in, but considering our developer Smooth, I like our chances. (BTW - I understand Dash is getting away from anonymity and focussing more on payments, but for the sake of comparison, I came up with these examples; add to them if you wish.)

Projecting the price out, using an average 20:1 ratio would put us at a $70 million dollar cap,  which equates to a price of $4.78 per Aeon.
So, we are looking at a double from here. But to be safe, we can say a range of maybe $3 to $7, as this isn't a science. Now, of course, we have to consider, how important will anonymity become? Will LTC implement Confidential Transactions and what would that effect be? (I say small as CT is not Ring Signatures good.)

Jump in here guys.

IAS

[Its About Sharing]

Projecting the price up from the Fibbonacci retracement levels, via our first rise up, I'm looking for .001 to .0013 (Which equates to my price predictions above, $4.30-$5.59), looks like this: