Re: ANN: ELIXIR (ELIX) Mobile Lending App Announced (ELIX On CoinExchange)
On news until the price has not risen, apparently the community is waiting for the finished alpha product.
If I'm reading that right then I'll say the community is waiting for the BTC fork. That's the most important thing in the minds of people right now since whatever happens to BTC is most likely gonna affect virtually every other alt in, as usual, a negative way.
Besides that, potential investors in Elixir who are following it from the shadows are probably waiting for the new website with the team page.
I bought in at 30 cents, can this realistically hit 50 cents in a couple of months?
With updates like this it is not a question of "if" but of "when".I hope you're right... I think this coin is very undervalued... I'm waiting for a big raise
I think the token is trading at a very fair value for how new it is and the progress of the project. If their business wasn't related to crypto, but had two developers, a basic website, and the business model that it has, I doubt it would have a market cap of $1.3m. I had a two person company a couple of years ago with products, intellectual property, an online store, etc and if someone had told me we were worth over a million dollars two months in I would've told them they're crazy. Let's be realistic here about valuations
Compared to your business it's perhaps fair but when people say it's undervalued, I'm sure they're talking wrt somewhat similar crypto projects with a significantly higher MCAP, probably no product yet or demos, a caged community and a release date well into the future. Two examples that come to mind (which may/not fit those descriptions entirely) are SALT with an MCAP of $141.7M and REQ with an MCAP of $29.4M.