Last night, SUB hit an all time high of $1.34. At the moment, price is settling in around $1.
In my initial price prediction post, I said SUB would hit $1.50 by the end of January following a successful beta launch and platform demonstration. I'm now revising that figure to $2.
I honestly didn't think price would go up this quickly. Normally, I would say it's unwarranted, but Substratum is different. Before this pump, SUB was heavily undervalued at ~$150 million.
To me, this pump to $1 is a combination of much needed price discovery and whales breaking the $1 psychological barrier for a quick pump to $5 after the platform is released. It could also be insider accumulation before a listing on Bittrex or a McAfee tweet.
Regardless, I don't consider this to be a pump and dump situation. At its current $250 million market cap, SUB is still undervalued compared to many projects with higher valuations. However, don't be surprised to see a retracement to ~$0.80 after this monster rise.
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Excellent insight!
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If price will increase in such a manner then it will not be good for the webmasters who want to host their website on sub platform.
Let's see how many webmasters does it attract ???
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Hosting price will be calculated based on market dynamics. A high SUB price doesn't mean high hosting costs.
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My predictions are a bit high..
I'm expecting an ATH of $2.5-3..
Either way, SUB is going to be a winner at the end.
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Substratum is still undervalued. Hope Dev will keep their promises and release the product in time and then people will see the true value. I'm long time holder and I will keep a 24/7 node.
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