Altcoin I follow for buying at now is STR, DGB, SC, PIVX, ETC but still waiting the good price for shopping
ICOs token I hold in present is MGO, OAX, MCO, special MGO is one of ICOs project promising I know and still very cheap for buying at now
MGO kicked off at 2 USD and is now trading at 0.55 USD
What is the projected price for this token?
On ICO 70 million MGO tokens were sold for 53 million USD, so 0.75 USD per token, not 2 USD. But it's true, current price is lower than ICO price.
It's hard to project he price, especially because MGO token will be used in mobile games that are sold in Gamecredits Gstore shop. So success of MGO will depend a lot on how successful Gamecredits project will be.
Gstore is trying to compete in huge mobile gaming industry with leaders like Google and Apple. So the competition will be very tough. There's very limited choice of games in Gstore at the moment and they're very far from taking their share in the market. But thath doesn't mena they can't succeed in the long term. I tried playing some of their games and they're pretty good and what I like about them is their unique approach to advertising. For example if you're running out of time to complete a level, you can get extra time if you if you agree to take a look at an add or play quest from another of their games. I think this is nice way of advertising, beause contrary to annoying adds on websites or paper adds in mailboxes, everybody will be happy he can look at the add, so he can get another chance before he fails to complete the level. I see a lot of revenue potential from this kind of in-game advertising. An interesting approach that might give them an edge over the competition.
MGO price is in my opinion so low at the moment, because there's no progress seen in public. I hear some rumors that they are making progress, but keeping all their development top secret. It's a kind of understandable that if they want to compete in as competitive market such as mobile gaming is, they can't let competition know what exactly they are doing. I'm holding some MGO tokens I bought during ICO, and am not thinking of selling them for now. Their plans from the beginning were to introduce MGO tokens to the games until the end of the year. So they haven't missed any deadlines or broken any promises yet and I see no reason for any worries. I'm going to wait to see if they deliver what they promised by the end of the year. If they do I'm sure the price will go up.
Almost any token that's not a scam and is cheaper than it's ICO price is cheap enough to worth buying. But for long term hold, MGO is quite risky because they depend on Gamecredits and noone can be sure if they can deliver what they promised before we see MGO tokens put to use in real life. So I wouldn't hold a large portion of my portfolio in MGO, but a very small portion might give nice profits in the future.