Absolutely! This directly competes against WAN and there are a few key points to note.
Wan did a near-$40M ICO almost a year ago and now hopes to take mainnet staking live at the end of this month.
ChainX did not do an ICO yet its layered deposit/staking functionality is already live.
Now, with the above points in mind, consider that WAN is valued several-fold more than ChainX. The main reasoning is likely that ChainX is not listed on any major exchange yet.
do you think that $6 dollars is somewhat over valued at the moment? 21million coins sounds good but i still feel that a 1 or 2 dollar entry would be best. Ill keep my eye on it though thanks, good article.
An individual coin's price doesn't matter. It's important that you realize that market cap and net diluted market cap matter.
Market cap takes into account circulating supply and impacts the immediate decision on hold/dump. Diluted market cap comes into effect once token release dates get close. This, of course, does not apply to traditional assets as diluted market cap is taken into account. However, due to low liquidity in this space, circulating supply plays a more important role in imminent decisions.
Absolutely! This directly competes against WAN and there are a few key points to note.
Now, with the above points in mind, consider that WAN is valued several-fold more than ChainX. The main reasoning is likely that ChainX is not listed on any major exchange yet.
do you think that $6 dollars is somewhat over valued at the moment? 21million coins sounds good but i still feel that a 1 or 2 dollar entry would be best. Ill keep my eye on it though thanks, good article.
An individual coin's price doesn't matter. It's important that you realize that market cap and net diluted market cap matter.
Market cap takes into account circulating supply and impacts the immediate decision on hold/dump. Diluted market cap comes into effect once token release dates get close. This, of course, does not apply to traditional assets as diluted market cap is taken into account. However, due to low liquidity in this space, circulating supply plays a more important role in imminent decisions.