Epic Cash Back On Vite and Speculation
It has been nearly 48 hours since Epic Cash trading reopened on Vite. Roughly 100K of red candle volume in the first day followed by about 25K of mixed volume the next day. It sounds like some here have been watching every trade. I work all day and didn't think about any of this until a few hours in the evenings and this is my speculation at this time.
I'm pleased to see Epic Cash on Vite again but not so interested to watch trade-by-trade action. lol
The price and trading on Vite reflects the situation:
Awaiting a mobile platform so we can bring in more friends who may be less tech-savvy this us salty veterans
2. Awaiting delivery of Epicenter, ECR airdrop, and other integration development
3. Dozens of community members (maybe hundreds) engaged in extracurricular grass-root activity to develop and integrate Epic
4. Network difficulty is healthy. Great time to mine. Great opportunity to get friends in to mine. I have relatively high electric costs and even given the dumping this is still profitable to mine for me on GPUs. Epic Cash isn't like ARRR: 90% emitted and ASIC mined. We are around 50% emitted and still very accessible for entry level PoW miners with simple gaming computers.
5. Recovered from a network attack
So, there is valid trade activity. People fed up with waiting for mobile capabilities, ECR, epicenter, other integrations, and people fed up with the drama of a network attack have communicated clearly that this was too much for them to handle. The market is communicating like one would expect.
So far, we are within the realm of various predictions. I think I predicted higher prices but I'm not surprised if this trades in the 10-20 cent range for some time while we wait. But if rumors are true.. OR... if rumors of various activities come to fruition (mobile wallets, integration...) then this will absolutely explode.
An Apple/Play store downloadable wallet changes everything. If that were to happen tomorrow there are hundreds of users here who would send some epic to their friends. Conservatively, we would instantly 5x our network transaction activity. Telegram numbers jump, twitter blows up, fb, etc.
Couple that with delivery of ECR, epicenter, and other integration announcements... it's not long before epic is trading all over the place. Stretching a finite supply of hard money like that I speculate prices quickly exceeding competitors who thought 200M and 90% emission in the first 3 years was a good idea (ARRR).
Oh, and this is an updated redistribution of what I posted on telegram here
https://t.me/EpicCashSince posting that, a partnership announcement between Kadena and Epic Cash was released:
https://twitter.com/kadena_io/status/1388279669015957509 and this goes to my point #3 above.
It's happening...