Have had a very small amount of these I bought a while ago. I just decided to buy 2K worth seeing the ATH was 4X where it is now and the fact they have a VISA Card now. Isnt that a pretty big deal to have a card you can use anywhere? I would think price would really surge after such an announcement.
It would've surged if they didn't can the asset contract, which was the only reason a lot of investors joined in the first place.
Still think this has any legs ? Saw a recent pump. Seems like hitting 2X would be pretty doable if not more over time.
Probably. Most people don't care about honesty or good products in crypto. If MonaCo was a company on the stock market it would plummet into the ground after its announcement of dropping dividends without even trying to find a replacement until investors complained about it. But in crypto it will probably go back up soon, because people don't even know what they are buying. They see big names like "VISA" and think they'll get rich if they buy it. Complete and utter lunacy if you ask me.
Definitely. I do like that consumers and investors, through selling off the token, forced the company to come up with other ways to generate value (even if it was after the fact). Obviously I would have preferred if it didn't take a sell off for this to happen, but the extra cashback on some cards and investigation of smart contract (probably token burn) is a good start.
So even if there aren't 'shares' in a company, they still respond to price signals on the token and community sentiment.