Nice pump happened.
... and was killed with devs' decision to not burn HUC for CHI. At the time when already high marketcap coins like Dash and Etherium are doing 100 to 500% like it is nothing, already super-low marketcap HUC can't even 100% without major correction, super lame.
I'm totaly disappointed, should have invested time and money into something else.
Why is a burn so important?
A snapshot means we get to keep huc and get chi aswell...
Looking from investor perspective, this deal is as follows:
1. Buy HUC so you can get free CHI,
2. HUC/CHI ratio is unknown,
3. BTC/CHI ratio is unknown,
4. As soon as Huntercoin blockchain snapshot happens, there will be a major HUC dump because there are no longer benefits from holding those coins. What makes sense is to convert all your HUC, at any rate, into BTC and then invest BTC into CHI or something else.
So it could all end up like:
1. Invest 1 BTC into HUC,
2. Get 1,000 CHI for free,
3. Lose the most of your invested 1 BTC because you
highly likely didn't dumped HUC first then later find out you lost even more because BTC/CHI ratio is 10,000. So now you are sitting with 1,000 CHI and 0.25 or so BTC (or 3,500 CHI) hoping that one day, highly likely not before summer, your 1,000 CHI will get you 0.75 BTC or so (or your 3,500 CHI will get you at least 1 BTC) else you'll lose money here. Good luck!
Too many unknowns and no burn only makes that worse.I think your estimates are a bit extreme.
They'll release more info soon and then we'll see but I think it will work out better than your scenario.