Re: [ANN][RLC] iEx.ec blockchain-based distributed cloud announces its Crowdsale
My interpretation of to the situation is the following. Price is dumping because bounties are being distributed. Bounty people don't trade. They want their money fast.
The project is not yet hot it needs time to provide the first real results. Big investors waits and they rather invest in more advanced projects (GNT, STROJ,...).
But the potential of iexec is huge. Let's compare with GNT.
ICO --> GNT = $8.5k / RLC = $12.5$ (that means RLC team has 50% more cash at start).
Market cap today --> GNT = $223k / RLC = $35
I believe RLC has more potential than GNT even if it started 1 year later. The technical solution is more complete. They have one foot in China.
If we think reasonable that RLC market cap reaches in about one year $150k we can expect the price of RLC up to $1.85 (more than 4 times the actual price). And it is a low estimation I personally expect more.
The point here is to be patient, to believe in the project and to accept to take some long term risks. Too many people wants to make money fast and are doing panic selling after one week.
It is my personal analyze. It is why I continue buying RLC. Let's speak about it in one year
The project is not yet hot it needs time to provide the first real results. Big investors waits and they rather invest in more advanced projects (GNT, STROJ,...).
But the potential of iexec is huge. Let's compare with GNT.
ICO --> GNT = $8.5k / RLC = $12.5$ (that means RLC team has 50% more cash at start).
Market cap today --> GNT = $223k / RLC = $35
I believe RLC has more potential than GNT even if it started 1 year later. The technical solution is more complete. They have one foot in China.
If we think reasonable that RLC market cap reaches in about one year $150k we can expect the price of RLC up to $1.85 (more than 4 times the actual price). And it is a low estimation I personally expect more.
The point here is to be patient, to believe in the project and to accept to take some long term risks. Too many people wants to make money fast and are doing panic selling after one week.
It is my personal analyze. It is why I continue buying RLC. Let's speak about it in one year
I agree with what you posted. RLC seems to have the upper hand in terms of funds as well as in terms of experienced team members. I am happy that bounty DUMPERS are giving investors a chance to grab cheap RLC! I am planning to hold my share of RLC for 3 to 4 years at least as the team need that much time to achieve the things mentioned in the Road map.