Hi all. If you think it's all bad news since Bitcoin dropped from 15k, look to micro-cap coins. Peepcoin (PCN) has risen from 1 Satoshi to 17 Satoshi since May 12, according to CoinMarketCaps. It is in a transition to be swapped for Dapscoin before 2018 ends - a 1 to 1 swap. The new coin will be anonymous, untraceable, privacy coin, with masternodes. It looks to be a better version of Verge coin n Dash coin combined. The way it is going, this may be one of the best performing coin of 2018.
Another reason why people are buying this coin is, while it is still Peepcoin, I've heard it is giving a annual 100% staking return. Once it is swapped, that would be all gone and only way to get rewards than would be through a masternode setup, which are much more involved and costly. That still could be worth it, if the value of the coin is high, similar to Dash coin. It has yet to be decided how many coins will be swapped over because the amount of new coins will depend on how many of the old coins is swapped plus 10 billion. There are 50 billion coins max of the old coin. At most it be 60 billion of the new coins.
Still this coins is becoming very popular because of all the functions mentioned above. If it has reached 1700% rise already, how much more would it hit when the time of the swap happens before the year is out?
Here's my predictions. Near the end of the year, if Bitcoin still stays around 7k to 9k, I put peepcoin before the swap at 60-80 Satoshi. If Bitcoin reaches to 15k, it probably will doubled down, to 120-160 Satoshi. If 20-25k, I put it at 300- 400 Satoshi. I think these are conservative estimates.
Till next time, wish all prosperous trades and best of health.
** 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.