Why am I bullish on Innova?
First of all, there seems to be a fundamentally incorrect view of low supply low reward crypto here.
First lets look at the proven crypto currency Bitcoin. The price is, in theory, programmed into it. Bitcoin goes up over time, always, simply due to the less and less supply attainable. What I mean by this is that over the course of time, it will be more and more impossible to obtain a full bitcoin. Why is this? Because there are less and less of them available due to a variety of reasons.
What are those reasons? Here are a couple major ones: 1) People arent willing to give them up. 2) They simply get lost forever 3) less and less is minted as blocks get higher.
Now, lets compare Innova to Bitcoin.
Innova has less circ supply than Bitcoin, and significantly less reward structure. (.0001 INN per block very soon) On top of this, nearly ALL the Innova has been accumulated during the last 4 years.
So now what we are seeing in the order books is less and less INN available to purchase. Is the price still low? Yes. But less and less USD propel the price to insanely high levels. What does this mean? It means that NO ONE is selling for cheap anymore. They know the rarity of this coin and are not willing to let it go.
So the question remains, why is Innova still only a penny? The answer is simple: Volume. Volume is able to support the bitcoin high price. Now what would happen if INN got just 1,000$ in volume? We would skyrocket to almost 15 cents. What would happen if INN got 1 million in volume? I think you already know.
This is telling. This shows investors that the supply has dried up. So the final question: how do we get volume? How do we get demand? The answer: we wait. We accumulate. Volume comes in bursts known as altseasons. These altseasons are like magnets that propel the alt up and bitcoin down. These altseasons reveal the true price of cryptocurrencies. Weve been waiting a long time for it. But its coming. It wont be able to be stopped.