Interesting how Credits has held up during the mini flash-crash event this morning, and now is rebounding far ahead of it's Ethereum and Bitcoin pair. This tells me that something is up, and I think I know what it is.
Binance, with their stop-limit trading function, essential for bigger players to enter the Credits market, is coming very soon, according to the Credits team.
To quote the team .... "We are expecting that Binance will list us in near future. Your activity and support will affect our successful listing."
New Binance Listing Portal -
https://support.binance.com/hc/en-us/sections/115000106672-New-ListingsThe rumor I've heard tonight, and this makes sense, is moving this thread here, which is linked in the "Announcements" tab on CoinMarketCap," was done to help get the final approval on Binance.
If this rumor turns out to be true then there will be a lot of people who can make a profit from CS. Personally, I always see CS as a good choice to keep for a long time. I think the CS will soon reach $ 100 this year because the potential of this project is huge and has been greatly appreciated by investors and I am confident that their development team is working with Binance exchange and will have the earliest information for everyone
I think the liberal view is about $30 by year end, and the conservative view is about $3.00.
My guess is, the alpha could be worth $30, but this depends a lot on the cheaper on-ramps that we hear are coming. We're still seeing great difficulty entering the Crypto space. Coinbase is expensive, and people feel cheated when they purchase there, not to mention the extra cost of having to pay their banks for a foreign transaction fee, which is because they are actually based in London.
I still see evidence that there are some large buyers, willing to pay a premium price for
Credit$ We keep seeing large price spikes, which tells the story of a currency that is not very liquid at the moment. That lack of liquidity will easily become magnified by several times, if and when this coin hits Binance.
I've been studying other projects who have been listed on Binance, and
Credit$ may set a new record in terms of the amount of demand vs liquidity that will be available when this occurs. I don't think the average performance after a Binance listing can be compared to this. I'm fairly conservative in my valuation of this project, but I honestly think we could see a 300-400% price spike when this thing hits Binance, because of the combination of lack of a liquidity due to the low supply for a protocol like this. Heck, Suppoman alone can cause a 10-20% price spike, because I've seen him do it several times. So imagine what a Binance listing will do in comparison. The sellers will come, but not until a very nice premium is offered.