So, let us summarize what is happening with Innova. I am sure many people are wondering why the price is going up and up and up. This is why:
1] The block rewards are only .0001 INN per block. If you go to the explorer, you can see virtually no rewards are given
https://chainz.cryptoid.info/inn/ This is a big deal. You know when bitcoin does the halving, how the price always increases? This is because bitcoin's rewards are being halved. Well, Innova took a massive shortcut and put their rewards way lower than BTC's rewards. This should cause a SIGNIFICANT price spike in INNOVA once volume for a new market cycle starts (seems to be happening now). People cannot dump to kill the price. This is called I think hyper deflation!
2] The max supply is very low at 18,000,000 INN. But in addition to this, it will take centuries to ever reach this amount because the block reward is at .0001 INN. The actual circulating supply is under 8 million. But, 3.4 million coins of this have been burned, and many coins are locked up (2+ million more?). You can see the burned coins here
https://chainz.cryptoid.info/inn/wallet.dws?41.htm . These coins are from cryptopia, as cryptopia did NOT participate in mandatory swap, therefore these coins will forever be burned and will not be able to be dumped because cryptopia cannot return them! The swap was over many times ago.
In conclusion, the INNOVA is a ticking time bomb. I have seen many theories of the price going to $100,000+ per coin. It's possible as much not volume is needed for just a small pump. I would like to see a BTC pairing on a decent exchange. However, PROBIT is good for now. You can trade it here
https://www.probit.com/app/exchange/INN-USDTMaybe by next year we will see $100+ per coin. It would not shock me to see the price move significantly by the end of March (maybe 2 months from now).
Have a nice day. Everyone, take your notes. Something big is coming.
EDIT: And by all means don't listen to someone who has already dumped tell you what to do!!!!!!!! The math and the coin economics DO NOT LIE to you
As you can see, even with the massive bitcoin pump, innova actually went up and did not dump AT ALL, while most alts dumped!
The bottom is in, for sure. Every market buy will permanently increase the price from here on out.