Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Ottoman- [OTC] X13- POW/POS - +20GH/s MORE THEN 1000 PEOPLE MINING OTC!!!
by
placebo
on 22/06/2014, 08:37:31 UTC
Last trade 1500 satoshi. Wow Shocked

Is that high?  Roll Eyes

Well for a coin only 2 days old, yeah

Someone want to have some cheap coins Cheesy There is a nice sell order at 1000sats, most likely when of those mining farms that want to dump his coins.

0.00001000 x 6,000,000 = 60BTC, mmm, that doesn't seems really too high, isn't it? A lot of coins have marketcaps of more then 200BTCs.

So, what should be ideal price according to you

I've no clue. Look at VOOT it was trading at 80 sats and hit 1800 sats. Look at PC, SUMMER, SUPER. They all had marketcaps below $100K and now they are trading a lot higher.

I believe based on the hashrate, on the number of people following the coin, etc. I think OTC can have a marketcap of at least $50K so that should give us 83 BTC or so. I take the low end, as i believe that we can trade above $100k one day.