the person who has been buying since 2 sat will cash out one day
That would be me
I bought all of mine between 2 and 6, but I've already sold a whole pile and I'm not going to be doing any "crashing" with the rest. This isn't Mooncoin - it has some great fundamentals that can take it a long way.
Look at it this way. We have a coin supply which is 1/27th of Doge's, yet Doge's price is still well above JPC. Also:
- JPC is up and coming
- it has its own "sector" in the gaming and gambling world, so can be sustained
- it has a rock solid technical basis. very fast transactions, a perfectionist dev, a great Mac wallet (always a test of completeness)
- it has modern advanced algos with this interlaced POS / POS approach. A great innovation which is proving to be a success (witness lightning transaction speed)
- it has the first true random jackpot algorithm and both miners and buyers love it. Miners get a crack at the jackpot and buyers get great interest for staking
So, corrected for coin supply, we are at less than 1/30th of the Doge price.
Lets say JPC can realistically get to half the Dogue price (or a quarter if you want to be conservative) bearing in mind that Doge is a "dead on its feet" coin.
That would mean:
JPC @ 1/4 Doge: 270 Satoshis
JPC @ 1/2 Doge: 540 Satoshis
That's the reasoning and calculations for whales not dumping. (I am less of a whale now that I was but still got a fair bit). And even if they do, there is a basis for demand resurging. You've already seen that - we've revisited the 30's levels 4 times now. Mooncin had 1 pump to 60 and dead.
This coin is going places.
P.S. One more thing. With JPC's rise on Coinmarketcap, difficulty is going to skyrocket. That means no more easy mining and much better distribution EXCEPT for the Jackpot winner. So think about that for a second. You've suddenly got a far higher incentive to keep mining even when the difficulty goes up while at the same time keeping the market healthy by spreading the wealth out.
This coin hasn't even popped up on Coinwarz yet. It soon will.
