1 month price predictions?
I can't predict numbers, but I can give you some food for thought:
- If you sort the coinmarketcap list by Volume you will see that the coin is surrounded by coins with marketcaps of 1 - 2 millions. That alone could suggest 2.5 - 5 times current price.
- Keep in mind, we are traded only on one 'beta' exchange (event though I like coinmarket.io as the site is responsive and transfers quick). Opening up to other exchanges will expose us to wider investors/supporters base. That is also an up trend indicator for me.
- Coin is already traded at a stable exchange (coinmarket.io), so miners who mine and sell are already priced in, so moving to other exchanges will not have the negative effects many coins see when being added to cryptsy or coinedup. Another positive indicator.
- Developers involvement and developers openness is one of the major indicators people look at when deciding whether to put their money in a coin. Devs here have sowed multiple times that they are actively involved and care about the coin.
- Community is another important factor. Positive thread vibe, or the feeling I get of the whole community is something I really look after. The community is not big, and this could be a redflag as we need to grow in order to grow
. In comparison Graincoin had a feel good vibe, and like it, but just can't get a big following. Karma should watch for that and we should stay active and promote/work towards involving ever expanding audience.