This coin is mega undervalued. Its easy 100 million marketcap will reach 3000 sats soon.
30-40m cap should be reasonable until the end this of year, at least if Bitcoin doesn't crash again.
Looking at the charts DBIX already had a spike and ATH of 44M market cap few months ago, not sure what happened and what caused it but would appreciate a feedback reggarding why it felt back to so low levels again and why it's strugling to get up again.
One of the main reasons DBIX went up in June was because ALL Alts went up at that time (because of Japan legalizing Bitcoin). At that time though, it was hype but no substance. Now things are very different with this new news:
- Dubai set to become the first blockchain city.
- DBIX's Arabian Chain releasing soon Thuraya - first smart-contract Arabic programming language for the Arab world, which consists of 22 countries, and nevermind the hundreds of millions of Arab-speaking people in other countries.
- today's news of DBIX getting its first startup partner company (Wavex) using its blockchain.
Neo massive in China got to over 2 billion market cap without having one ico (before Red Pulse)
This coin is a sleeping giant. The Arab world is waking up to block chain technology, and DubaiCoin could be x100 its value in a year's time.