Note: GELD is already up 50% at the time of writing this article.
So many of you may be wondering why I am talking about a coin that is only offered on yobit.net right now. Here’s why…
Partnership with German companies and ICO relaunch
The reason is that the SgelderGER (GELD) team are relaunching an ICO, which will be announced most likely this weekend (2-3rd December). Buying this token now is very promising, as there are also unconfirmed partnerships with German companies to come soon.The aim of this coin is to improve education, in particular business education in ways that will be expanded upon in the weekend announcement.
The owner will also halve his share in GELD to 5% so that more people have the chance to buy this coin.
Quick Interview
We spoke to the manager of SgelderGER (@sgeldercoin) : "With our new funds, we will be able to do this, and become one of the top blockchain companies here in Germany” said Socren Gelder. “We hope our business education and funding of start-ups encourages more young people to follow in our footsteps and create their own businesses!”He is very delighted that his concept has picked up so much interest from the crypto community, and expects a big price rise when the Saturday announcement comes.
How does this influence us in any way? Well, there is a wide range of reasons for us to invest in GELD (the token) as soon as possible. This is a unique opportunity to make some profit.
It is rumoured that these companies include big German names such as Blockpay! (we cannot confirm this). Information on http://yobit.net/en/trade/GELD/BTC#24H at least 60% of people holding this token are not willing to sell it.
Evaluation
But surely there is a lot of uncertainty regarding this coin? For this reason, the ICO takes place in January 2018.Every detail is going to be announced this Saturday evening (2 December, approx.. 6 GMT) including the official date of the ICO, starting price of the token (which we estimate at around 2000 satoshi) and details on their project plans.
I am looking forward to getting more information from them and publishing it as fast as I can!
Buyer confidence
We can see from this graph that positive rumours about the announcement are having an effect on the price, with the price going up almost 50% from 100 to 150 satoshi.
Also, our arrow points to a volume bar (volume is how much was traded in a particular time)
The bar means a BIG group of people have bought at the same time, which is a very good sign for the coin, suggesting these people think the coin is about to skyrocket.
If you look to the sell orders, it will only take 0.05 btc to make the coin increase by 4x in price (400)!
This is a clear and easy decision, GELD has big things to come, in particular we wait to see which companies have bought into the ICO.
GELD has without a doubt massive price increases within the next few days!
I will provide another update after the announcement comes!