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Altcoin Pick for the Week of 6/14/2015Altcoin =
NavajoTicker =
NAVWebsite =
http://www.navajocoin.org/Brief OverviewInspired by the Navajo heroes of World War II, with their unbreakable Navajo code used to encrypt highly classified military information, this coin has obviously not yet been discovered by the mainstream altcoin investor.
Considering Navajo's nifty anonymous network features, pure POS algorithm, and new summer road map, I believe this coin is highly undervalued. There are dozens of less-organized clone currencies placed above this 77th ranked techno darling. The Navajo community is knowledgeable, loyal, and well-versed in the qualities needed to bring about success. Priced at only 1600 Satoshi's, this coin deserves a place on every investor's radar.
If you're looking for a coin for the long-term, I can't think of a better choice at the moment. Therefore, I must award NavajoCoin the Altcoin Pick of the Week!
Be sure to check out my NavajoCoin 'Feature Story' tomorrow on AltcoinPress.com~~
Great pick MicroGuy...
short resume of the last few months on Navajo vs. price :
The group of devs for Navajo (4 guys) developed a new kind of anonymous feature (explained in their white paper) but it took a long time between the first announcement and finally the beta release. This coin was around 300satoshis pre-anonymity announcement and jumped as high as 3,5k... There was a lot of Fud during the beta release of the anon and a p&d group (called AMK) successfully manipulated that market for a while. seems they are now completely out of this coin. What didn't helped Nav to keep a floor price in the 3k satoshis is that the anon tech, although unbreakable and untraceable, wasn't totally decentralized - and the release happened also when the 'war' between Dash/SDC/XMR was all the rage. So, the deserved hype faded very fast for Nav and traded volume too.
Now, Nav price seems stable at around 1,5k since last 2 months now and those that was holding this coin from the 300-ish price level and wanted to get out, did already. The PoS % for first year of Navajo was somehow really high, at 20%. That partly explained the sell pressure. Now, the PoS % has reduced to 10% and, combined with the June roadmap (real decentralized anon, redesign, multipool, webwallet), it makes this coin a very good investment choice with, imho, limited risk and high reward.