Been about a week since I last posted my coin estimates and its a quiet night so I thought I'd update them and see if anyone else has opinions. The target prices are based on my "market cap" estimate for each coin, which is based on comparison with similar coins, popularity, general altcoin market etc etc. FYI, my standard strategy is to sell half the coins I mine and hold the rest if I think the coin has some potential.
CINNI = BTC0.00030000 (currently 0.00030000) - Difficult decision now, as CINNI has reached my target price so should I sell, or does it have potential to go further? With the WC crash and abject failure of AC I'm revising my market cap for CINNI upwards as I think some investors will have moved to it as it gains credibility. Will give it a couple more days to see how the momentum progresses then maybe cash in half my holding.
WC = BTC0.00003000 (currently 0.00000700) - got off to a good start until it had a nasty wallet accident, new "foundation" took over after the dev ran and did eventually release a new wallet which seems to work. Trading is open again but the coin has lost a lot of credibility, all the same I don't think price can get much worse unless it dies completely so may as well hold a while longer and hope.
AC = BTC0.00001500 (currently "relaunching") - kept my previous comment here for amusement, as AC spectactularly died when a 3Bn hidden pre-mine was discovered and dev shamed. People were trying to correct the blockchain and relaunch the coin but I stopped following their progress and it shows no sign of returning to the exchanges. 30th Apr - "
think its benefitting from other new PoS coins failures, last day of PoW today so going to hold and hope it doesnt go down the WC"
YC = BTC0.00003260 (currently 0.000001200) - 30th Apr - "
another PoS mess, rapidly losing hope for this one" However the YC Dev seems to have saved the day somewhat by releasing a fixed wallet that does stake as promised, currently at 10% day. Like CINNI, YC may be benefitting a bit from being the working alternative to WC and AC, but it may also suffer from a dump when the 10% PoS ends. Need to keep an eye on this one.
BLU = I didnt put an estimate last time as the coin was new and dubious - currently it appears to have been killed by a double spend attack.
This week's multiport coins of choice have been UVC and SHIBE, I havent really looked at UVC much so dont have an opinion there (and most of what I might have held I had to pay back to IPOminer
)
SHIBE looks like it is trying to emulate CINNI's recent success, although with 10x the total coins in circulation. 5 day PoW period seems designed to encourage a price rise when it moves to PoS, but from recent experience that can also be the break point if PoS fails to function. Also concerned about the block reward structure, at least the 5% of the coins went to a small group (4 to 6)of miners who were mining before the coin was publicised. Its held the top spot for volume on Bittrex for the last couple of days though which is gaining it attention. I'm reluctant to put a price on it, could be a high risk gamble to hold past the PoW phase.
Still thinking about launching a coin, since so many of these altcoins seem to make terminal errors in one way or another....