MTL/BTC Long-term Prediction
Note: Amateur/rookie opinion.
Great project with long-term hold potential (most crypto start-ups 80% will go full bust after some point when the market becomes more mature).
Fundamentals:
-Strong professional team headed by Michael Hayner, networking effect from contact with virgin and sponsored sporting events
-Realistic proof of purchase (5% PoPP to sender and receiver of transaction - "similar" marketing as PayPal (pays users at start), financial incentive to use platform)
-Real focus on ease of use and app aesthetics (Good looking UI & UX)
-Potential crypto-fiat gateway for new entries into crypto market (links to old legacy systems - aka traditional banks)
-Release of iOS and Android app in Q1 & Q2 of 2018 respectively
-Will be relisted on Bittrex soon, therefore higher trade volume
Note: Relatively low total supply of 66.6 million
Technicals (neither chart or count is perfect):
-Not rocket science achieved an All-time-low in December 2017, All -time high was in September (buy low, sell high as seen from basic Bittrex data point highs).
Still very attractive to buy, might short-term dip if counting is correct.
-Volume: High trading volume (buys and sells) despite fall from previous highs, confirmation of reversal to come
-Start of boom-bust predicted from Stochastic (not shown) or normal RSI anticipated dip to oversold
-MTL/USD (not shown) shows cup-handle pattern on day chart, bullish indication
-USD Prediction: 16-18+ per MTL (conservative) depending on BTC/USD price
Opinion: Good, realistic project (high survival chance). Strong fundamentals and good-looking technicals indicate a good long-term hold.
Great project with long-term hold potential (most crypto start-ups 80% will go full bust after some point when the market becomes more mature).
Fundamentals:
-Strong professional team headed by Michael Hayner, networking effect from contact with virgin and sponsored sporting events
-Realistic proof of purchase (5% PoPP to sender and receiver of transaction - "similar" marketing as PayPal (pays users at start), financial incentive to use platform)
-Real focus on ease of use and app aesthetics (Good looking UI & UX)
-Potential crypto-fiat gateway for new entries into crypto market (links to old legacy systems - aka traditional banks)
-Release of iOS and Android app in Q1 & Q2 of 2018 respectively
-Will be relisted on Bittrex soon, therefore higher trade volume
Note: Relatively low total supply of 66.6 million
Technicals (neither chart or count is perfect):
-Not rocket science achieved an All-time-low in December 2017, All -time high was in September (buy low, sell high as seen from basic Bittrex data point highs).
Still very attractive to buy, might short-term dip if counting is correct.
-Volume: High trading volume (buys and sells) despite fall from previous highs, confirmation of reversal to come
-Start of boom-bust predicted from Stochastic (not shown) or normal RSI anticipated dip to oversold
-MTL/USD (not shown) shows cup-handle pattern on day chart, bullish indication
-USD Prediction: 16-18+ per MTL (conservative) depending on BTC/USD price
Opinion: Good, realistic project (high survival chance). Strong fundamentals and good-looking technicals indicate a good long-term hold.
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