Hoy Hoy ....
In my last post I told you all about NETcoin and why I LOVE this coin! In that article I told you about the specs that drove me to love NET, that post dealt with NETcoins FAIR WEIGHT POS (Proof of Stake), PIR (Personal Investment Rate) and OWI (Online Wallet Incentive) .....
You can read the whole article here ....
https://steemit.com/cryptocurrencies/@prochef.bill/netcoin-and-why-i-am-in-love-with-it
In this post I will be dealing with how NETcoin has held its value in the Bitcoin market (NET/BTC) and has kept pace with Bitcoin in pure fiat value when compared to the Bitcoin market (BTC/USD).
As you know Bitcoin has been on a tear this year raising over 15,000USD this year alone ...
Now lets look at NETcoin over the same time frame .....
AS you can tell by the charts ... While BTC has been on a tear, NETcoin keeps pace with Bitcoins raise in USD (BTC/USD). As the price in USD for bitcoin raises NETcoin's USD price has also risen while the price for NETcoin in satoshis (NET/BTC) has fallen.
We can zoom in and see this closer ....
So ... looking at that chart we can see that NETcoin has been slowly dropping in sats .. from 13 to 8 these last three months HOWEVER ... as a storage vessel for FIAT we can see that NETcoin has in fact gone UP in USD value from .000549usd to .001302usd. If you have been purchasing the dips you would have a significant increase in your FIAT value while seeing a small decrease in SAT value.
Its hard to be long Bitcoin and NOT be long NETcoin ... with all the benefits listed in these last two posts and an active dev team and community its not long before this sleeping giant awakens and raises to the prominent role a truly innovative coin like NET deserves.
*** Be on the lookout for some big news from the dev's coming soon to a steemit post near you! ***
As always please DYODD and thanks for your support.
Thank you! and....yes this did help to better explain NET stability. i knew there was a reason i have been holding onto it for the 5 months.
@originalworks