Post
Topic
Board Speculation (Altcoins)
Re: Speculation - Phore (PHR)
by
StephenJH
on 09/06/2020, 14:36:14 UTC
I have a slightly different opinion regarding PHR, in my opinion it is not a good investment decision in PHR. Because there are many other coins
that are more profitable, besides PHR is good when in 2018. Now PHR performance is not good, during 2019 until now it is only able to increase
up to $ 0.3. If you buy PHR because are listing on IDAX exchanges, you will be disappointed. Because IDAX is not among the popular exchanges.
I also doubt that the PHR can go up 30x, even to be able to go back to the price of all time high just can't be achieved.
I dont think its fair or even necessarily appropriate to just look at 2018 price vs 2019 price vs 2020 price.
I think a much better approach is to look into the team and the technology.
They have a functional marketplace with updates coming.
They have the Synapse project coming which will bring never before seen transaction speeds and allow for sharding of the blockchain allowing hundreds of sidechains to run simultaneously. The technology is the important thing, not the previous prices, i say that for all coins. Not just Phore, look at the technology.
The phore team are a solid team and there is a lot of potential here.
l also think that there are other cryptocurrencies, can be more profitable than PHR. But that doesn't mean PHR is bad or something else. As you above mentioned it would be much better when we focus on the team and the technology, which they use. Maybe if we made so, we can understand their goal and maybe it can be more easy for making any decision.