People are speculating that once MCO goes live on Binance, the price will start to drop bcos of dump shit.
But little did they knew that Binance is the 1st ever China Exchange that will accept MCO's trading.
Plus it is being listed there due to numerous request from the China users.
PRC people can't easily invest their money on the foreign exchanges .
Thus, they will only focus on their own country's exchange due to withdrawal & deposit issue.
No doubt that this will shoot up the price to at least 0.01 by 24th August.
Demand > Supply
Total win !!
Exactly. What rajravind said.
It was a good run, wished i got in earlier.
But like OAX, this will drop like a brick when it comes on Binance, no news, only temporary hype so this will probably go back to 8$.
Long term, if they keep there word, and actually come up with the working card this will surely boom, but until than,..
I doubt it will drop much ! People will buy back in and it will consolidate. In the long run this is a 2.4 billion mkt cap coin (3 to 9 months) especially with the Chinese market. In the short term or the next few weeks, we're looking at a 400 million mkt cap like TenX. I see this coin at $125 in the short term. $250 mid to long term.
I completely agree with you commenter.
Hype on Binance will generate hype on Bittrex. As soon as Binance generates 100% profit in 1 day Bittrex users will get it to 200% and Binance users will get it to 300% and so on. It will be market supporting market. ETH Monaco market supporting BTC Monaco market on both exchangers.
Take a look at bittrex BTC volume of over 100,000 and ETH volume of over 100,000. It's going to be crazy!
I just don't understand though why is it going down hard now if it is going on Binance? I think some traders are acting really weird and the markets are getting more and more volatile and unpredictable, even BTC has dropped hard. I seem to be working harder and harder and see my portfolio value go down like dust. I prefer to hole though and not sell at a loss that's for sure. Also, I agree, so many noobs coming in to day trade for pennies and are kinda ruining the markets to some degree as they are just coming for quick profits. Most of these people were in other online scams and they just want to try to fleece Crypto now. I will try to buy a few more coins while price is low today if I can send to Trex on time.