I was looking at Bean Cash go from around 25ish btc buy to 64ish btc in one day. That is over double in demand that quick. The price went from 114 to 136 Satoshi. Now its settling to 120ish Satoshi.
Is this activities before a new exchange is coming on board. If we see a continues buying spree to the 140 or even 150, may be. Just maybe. I see how it may rise high, when Bitcoin price is high, but Bitcoin is at the lower 9k - around 9.3k.
In the next few days will be momentous. If there is a continues demand, then something is up. The people in the know, wants to buy as many as low as they can, so they can sell it higher once the new exchange opens up. So if there are constant buys at a certain level, that could be a big give away. Look for that. It may be something like this. It reaches 130, then drops to 120 with big buy wall. Then once there is a lot of sell orders between 120 to 130, that is when they strike. They'll buy all the way up to 130, let it drop again to the new buy wall and buy back up to 130. Sometimes to control the price, they may even put a big buy wall. So they can control the selling price. I've seen this in a few other coin trades. They keep doing it till, the new exchange is up. It would have to be a major exchange for it to be worth it. With another major exchange, we may see new highs.
Maybe they are taking on the news of all the reports of Wall Street parent company setting up Bitcoin trades platform for the rich clients to buy and hold Bitcoins. If that is true, they'll eventually want an ETF so that their holding will go exponentially higher in price. If that happens, we will likely see 10-25 cents per bean cash easy. If not 50 cents to $1, the year after. If you are staking and getting half a million beans, that is $500,000/month if $1. Even at 50 cents, it'll be $250,000/month. Because of the minimum of 1000 beans per staking, this coin has a chance to by pass the moon and go to Jupiter. Just think of the numbers at 100,000 beans which they recommend for staking, that's about 4000/bean. At $1 for $100k investment, you get $4000 bean/month. That is $48000/year. Lets say it doesn't stake that well, you only get about 3k bean/month. That is still $36k/year. It is likely less than 3 years you have you money back, because you can re-stake what you gain and it's likely the price will even go higher. So probably in 2 years you be in the black if you invested with $100k. How many investment can do that???
When you see all this and the numbers, we are talking about big bucks.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.