Well it's at least worth a small trade
Is there some recent development? Charts are looking better!
Thanks for the chart and your analysis. I hope you'll be a regular here.
I had not noticed that view. I chalk it up to patient long term accumulators, a slowly spreading understanding of UNO's basic fundamentals in a very cluttered and noisy market, solid devs, active core community, longevity, and next month's reward halving. Unobtanium has a lot going for it that set it apart from the scams, but it's taken it a year to earn that recognition.
The panic-sell you point out is interesting. It came around the time of the theft of a large % of existing UNO supply from Coinex. It could also be Wolong or a bagholder exiting after the massive pump. Around this time there was uncertainty and bad news (loss of JacobUx devs) which has since been overcome.
2014 saw a lot of Uno mined and sold on the market, as anticipated. The unanticipated Coinex dumping is over now, while the flow of new Uno from mining has been hugely reduced. There was a lot of downward pressure on UNO through the first half of 2014. I'm surprised it held us as well as it did.
Today the spreads on exchanges are wide, sell orders are thin, and there's a lot of holding. Since that dump, the Uno community/market has absorbed a lot of Uno, and the long term holders seem in no hurry to sell off.
Yeah it looks like the pessimism of investors in July has set a bottom for UNO price. I'm not heavily invested right now, but with the level of confidence rising on the crypto markets (voir dogecoin, blackcoin, vericoin, etc.), I think a solid survivor with a strong community could be an interesting play.
I'm not a fan of Bryce Weiner's history on these markets but if he is delivering with UNO that's fine for me.
"a solid survivor with a strong community could be an interesting play."
YES! You get it!!
Community + longevity is an emerging asset class that a crypto has to earn it's way into. Anyone can pull together a community for ten minutes to launch a coin. But will the community still be interested after a year? Will they make it if their dev leaves? Will they come back after a huge pump&dump? If they get a little bad news like an exchange dropping them, will they fly off to the next coin or will they stay and invest their time to make things better? If a bunch of it gets stolen from a rogue exchange, will the community just give up? We have the answers to all of those questions with UNO. In that regard, UNO is indeed a unique and vetted cryptoasset, overlaid with a fair launch, no-premine, low/no inflation. Uno is rare in many ways other than it's mintage.
"I'm not a fan of Bryce Weiner's history on these markets"
I understand that sentiment, and so does BW. But crypto history is not over yet.
It's still being written.
We're fortunate to have 2 committed Devs. Love 'em or hate 'em, (and besides Satoshi, I have yet to meet hear of anyone on BCT who is universally loved), I know both BW and Blazr2 are very committed to Uno. They're also both well known, vetted devs, not "newbie" dev accounts created last week.
The Un community continues to amaze me as it grows and branches out into different interests, such as the Blue Crypto Award, and the Uno Inhouse Exchange. I feel very good about having a serious portion of my crypto-wealth in Un. Most coins I have very short term interest in, but I keep coming back to pick up Un on the dips. I can see where this coin is headed.
