FootyCash is GREATLY undervalued - but the way the price is rising every day, not for long.Here is why:
Footy Cash (FOOT) has seen a meteoric rise in valuation for the past month; with a price increase of more than 5000%+ on multiple exchanges.https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC#https://bitcointalksearch.org/topic/footy-cash-foot-coinswap-decentralized-fantasy-sports-1374929I think the reason being is that:
1. Footy has Rarity -
Only 4 million coins total can exist. There is a small POS inflation rate - about 3% annually (for staked coins only).
How many of you can say like the Winklevoss twins -
that you own whole percentages of a cryptocurrency.
Looking the current price of FootyCash you actually might be able to!
2. Footy is the first Fantasy Sports Crypotocurrency ever made. -
Footy is the Bitcoin of Fantasy Sports!3. Fantasy Sports is a multi-billion dollar industry -
with tens of billions of dollars in annual revenue just for Fantasy Football alone! If you count all the
illegal gambling the figure goes much higher - maybe hundreds of billions? (not that I am condoning illegal gambling - but it's a fact of reality that must be considered anyway).
4. Coinmarketcap list just under 900 altcoins; of those listed only a small percentage of altcoins have a cap of less than 4 million total coin. Every coin on coinmarketcap with a
rarity of less than 7 million total coins produced are all worth more than $2.00 USD - with the exception of Dreamcoin (because of YOBIT) and
FOOTY CASH (which is currently undergoing a price correction:
5000% increase in the past month alone.)
5. The coin was greatly undervalued because of unawareness of the Footy cryptocurrency and Fantasy Sports as well. As more and more people become aware of its value the price will continue to rise.
The price may go higher than $10.00 USD per coin before the end of the year!6.
FootyCash has a great developer, active development, and the best community support!7. FootyCash has a promising roadmap and is
currently developing Masternodes and Anonymous Send like DASH and PIVX for the next release.8. The name FootyCash may sound funny but "
Footy Cash" is an actual English term (apparently):
https://www.power100.com.au/news/local-news/81959-footy-cash-to-go-to-good-friday-appeal and
http://www.heraldsun.com.au/ipad/california-club-brothel-sues-in-footy-cash-feud/news-story/bd77f7d397a34a067342a113b5bfa5d89.
DraftKings,
FanDuel, and other
Fantasy Sports companies are getting the legislative green light to operate in most U.S States and other countries as well.
When these companies decide to follow the trend of most corporations and switch to blockchain technology - I guarantee you that they will take a hard look at FootyCash first!Why would Draftkings or Fanduel select FootyCash (FOOT) for customer deposits/withdrawals over conventional Cryptocurrencies such as Bitcoin or Ethereum? Why should they use FootyCash over Bitcoin?
FootyCash (FOOT) is the
first cryptocurrency designed for Fantasy Sports and there are only 4 million total coins ever; as good as those reasons are, what makes
FootyCash a better choice over Bitcoin for
DraftKings and
Fanduel customer deposits/withdrawals are the following reasons:
FootyCash's roadmap and ongoing development will make
FootyCash far better for Fantasy Sports than the other more popular coins such as Bitcoin, etc.
FootyCash will have features that are
specifically designed for Fantasy Sports and gambling as a whole.
One example is an
Anonymous Send feature. Bitcoin does not have Masternodes nor an Anonymous Send feature but FootyCash is currently developing these features.
The legality of Fantasy Sports in every country is not clear, most being ambiguous at best. Even though most U.S states are legalizing Fantasy Sports gambling
there are some people who would feel more comfortable with a coin designed to protect them in the area where the law may not be clear.
Both Draftkings and
Fanduel also would want a coin that can cater to the Fantasy Sports industry as a whole, with features designed for Fantasy Sports - i.e fantasy sidechains, etc... Bitcoin can't do that,
but FootyCash can.