Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MONA] Monacoin LAUNCHING 2014/01/01 0:00 GMT
by
Gatorelf
on 28/11/2017, 17:22:44 UTC
why is this coin pumping so hard?

the pump was from .45 to .75 ( pre Tokyo marketing campaign) , accumulation was from 1.00 to 2.50 (during Tokyo retailers campaign), normal investing ( mostly Japanese) $2.50 to $3.50, hard investing ( rest of world) has been from $4.00 to $7.70

this is a long term investment in a store of value backed by a country, next target $12   


It still seems a little bit like a forced pump so I hope what you say will happen, but there is a chance it will start a correction now and it might take a while till it reaches $12

well as we see there is always going to be a retracement/consolidation after big gains, thats normal market activity. The word "correction" implies something is over valued.  Since this is a store of value coin the open market will determine value just like BTC and DASH. When it hit $6 the first time it settled around $3.. hit $8 this time and I think its going to settle around $5.80 ..  I still think it will go to $12 in December and settle around $8-$9.. has huge volume, getting well known now and only 20 mil coins circulating