Price is heading is the right direction, i wonder what price it will be tomorrow, wow
The price is going to be determined by revenue from here on out. That is what is so huge about Bitstake. It is a start-up coming in to the explosive arena of Fintech and Remittance (using crypto) = Two of the fastest growing industries in the world. There is an untapped resivor of $21Billion in Remittance (Money Transfers) that is currently being charged 12-20%. Bitstake will charge less than 1%! Easiest sell in the world. That is why Bitpesa just got 1.1 million months after going getting out of beta!
http://www.coindesk.com/bitpesa-1-1-million-bitcoin-africa/The typical investor in crypto does not do any research. Why should they? They look an OP page, a website, and the logo. Nothing more. Which is okay, because 99.99% of all coins are just that.
Now, Bitstake (XBS) is going to be used for the first time since BTC. So the focus should now be on marketshare and revenue. Like the following :
.1% of Marketshare of remittance would = $21,000,000 (utility), which would correspond to a $150,000,000 market (if you compare Unity vs Price of BTC). Questions should the follow: How long to get to .1%? What is the marketing strategy? What strategy is Beam or Bitpesa or other using?
This is the analysis we will have to start doing to determine the price. If not, you will buy too High or Sell too Low.
For the next few weeks, the day traders are going to play on Bittrex. They will slowly loose their coins. This is too big and smart people are holding tight and buying from the less informed.