If making MCO available to 1.5 billion people in China doesn't make it climb in price again I'd be really shocked. I think the fact that it only has 9.8 million MCO in circulation 1/10th that of TenX means you will see plenty of "pumps" like yesterday and retracements as the whales enter the market. You realize that the total market cap for cryptos has doubled in the past month or so. The hedge fund guys who invested in cryptos are outperforming their peers by many orders of magnitude. Others are coming in with 100's of millions to invest, and they being professional traders will seek out coins like MCO, PLBT, etc to buy into. Yesterday's price rise started out slow and steady then it rocketed up to the $20 range briefly as 100 million $ poured into it. This is institutional investor who bought all at once if you ask me. Expect to see plenty more where that came from.
Do you have any source on this?
Who poured 100 of millions in Monaco?
oh what I said wasn't really correct, look on the whitepaper, only 30% of total supply is in our hands. but 30% is a reserve and with this growth they shouldn't need to use it. So the locked period that will end at the end of this month should concern only 30% of total supply ( that will double the toekn supple on the market but I don't think that devs will just dump everything if they believe in their project so it should be fine for us ^^ )
FROM WHITE PAPER:
"1. Monaco Card founders, advisors & future employee token pool
• 25% of MCO created during the creation event will be allocated to Monaco Card founders,
locked in a smart contract for 3 months
• 10% of MCO created during the creation event will be allocated to the Company and utilized
as a future employee token pool, to strengthen our ability to attract & retail top talent; these
tokens will be locked in a smart contract for 12 months
• 5% of MCO created during the creation event will be created for and granted to advisors;
these tokens will be locked in a smart contract for 3 months
2. Capital Reserve
• 30% of the MCO supply will be credited to the reserve, but not issued. These MCO will be
available as an additional token sale mechanism, but may never be issued, depending on circumstances
in the future."