Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
ginko-B
on 17/02/2014, 19:23:15 UTC
About the price:  XCP is glaringly undervalued right now.  Big holders are dumping thousands of XCP on poloniex to recoup their investments.  

The price will rise back up to at least .025 BTC/XCP once the dumping is over to make the Counterparty market cap even with Mastercoin's (main competitor with no functioning DEX).

I totally agree with you, this is a great buying opportunity on poloniex at this moment as a few "early burners" get out.  

Once the "early burners" are thru dumping and the DEX and web wallet are available, then we will see a rise up to the Mastercoin valuation level as the mainstream crypto community discovers how great this project really is!  

And once we start to see sports-betting and issuance of tradable assets, probably 2-3 months from now, then the project could receive major national and international press coverage and there will be another nice rise in price as the wider world learns about it.

Counterparty has a relatively small float of shares and is deflationary, so when the price finally starts rising, it could rise extremely quickly!