This one's really hard to trade on short term so we'll do a short cover about this project as a loooong term investment.
Straight out of the horses mouth: "The Blocknet empowers the passionate communities behind every coin with atomic swaps on a truly decentralized dapp platform. Once you achieve trustless exchange you create space for an entire ecosystem of monetized service. By creating an “internet of blockchains,” the Blocknet is positioned to enable the frictionless monetisation of APIs, and in doing so, to empower blockchain technology by converting its thousands of isolated chains into a token ecosystem.
So basically Blocknet ecosystem could be called "internet of blockchains". Pretty damn intriguing. Think Blocknet as a protocol rather than coin. Blocknet team has built their platform since 2014 which is an eternity in cryptospace. Instead of hyping nonsense flashy whitepapers these guys have been writing code an reiterating the DX for several times.
There's a ton of activity around Blocknet ecosystem at the moment. Once the SPV support will be launched in summer 2018 this project will fly high.
In a nutshell : great fundamentals, steady development, extraordinary UI/marketing partner, relatively low market cap & price. Currently Block is trading for about 330k sats in Bittrex. In 2017 Block was pumped over 700k sats. Order books are prone to heavy manipulation.
You might wanna try out their new DX ui. It's in the alpha stage but it does look really promising. Should I be a BTC whale I'd score one of them servicenodes for sure. One really cannot underestimate the power of passive income with this one. Sadly you need deep pockets to get one.
Blocknet could be the dark horse for 2018. Big time. Dex's are coming with a vengeance. This one's a keeper. For looooong time hodling. DYOR in before investing.
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Notable things:
White paper release on 15 MAR. It should be interesting read. From what I've learned there's a lot of material for all your technical needs. Tens of pages.
From trading point of view : you might get lucky during daily swings at the very top ~400k -> buy back when it retraces. Due to the nature of illiquid market you might get burned. One whale = crazy swings both ways. Damn.
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Sometimes it feels good to predict crypto with decent accuracy: Block went sub 200k very briefly and now is heading up to 300k.
-Beta release today 3/22/2018. Traders and node runners: update your your clients.
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RSI nearing 70, MACD making its way upwards. It might be p&d forming or then people have just found out about Blocknet.
-Price has plummeted to 270k sat. Decent chance to scoop up some discount Block. It might go even lower, bid side is craptastic!
-2 nodes at sale around 400k sat. Nice opportunity for some deep pocketed whale with no patience to avoid heave slippage.
-5 penny analysis : brief nosedive to sub 200k and then up & onwards all the way to 400k levels.
Vizionaire
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Blocknet valuation thoughts using market cap:
Blocknet;
RANK: 91 MC : $192,373,754 PER COIN : $38.16 CIRCULATING SUPPLY: 5,041,373 BLOCK.
Let's quickly analyse these numbers. Low market cap: check. Low circulating supply: check. Dwindling order books: check. Hefty amount of coins locked to the servicenodes: check. Let all of that sink for a while.
Now let's do an old fashioned speculation using market cap rank & couple reflections:
CMC RANK 50: Hshare with mc $395,722,320 divided by 5,041,373 BLOCK = 78,49$. Ok. Top 50 ought to be peanuts during the spring awakening. One whale could bring Block to these levels. Alone.
Let's continue.
CMC RANK 36: Grandmaster of the s*itcoins DOGE: $612,014,492. At least it's honest. But hell.. meme coin with absolutely zero real world application is valued for almost 600mil dollars. You see where I'm getting with this rambling? How about the In-Duh-Ned of the friggin' blockchains? Could Blocknet surpass DOGE? If there's any sense left in the cryptospace it should be done already. Or any half serious project for that matter. Oh my. Slain doggy would cost you $612,014,492/5,041,373 = 121,398$.
CMC RANK 19: QTUM. Widely hyped project with zero working products: $1,998,947,819. Ok, yeah, well it has flashy websites and all that. It could possibly cure cancer in the future. But for now it's all hot air and cool promises. Let's run the numbers: $1,998,947,819/5,041,373 BLOCK = 396,50$. Getting warmer.. BTW you can trade QTUM on Blocknet DX at this very moment :).
Well wuppi frigging doo, let's get to the good stuff!
The all famed TOP10 is currently held by EOS with $5,752,510,435 market cap. Now we're talking. Ok cut the crap and give us the sweet numbers: $5,752,510,435 divided by 5,041,373 BLOCK = 1141,060$. Over 1k bucks. Per coin. Insanity!
This is the bare minimum which Blocknet ought to achieve once the SPV & DX final product will be released. Ambitious? Sure! Achievable: hells yeah. The more I've spend time digging around Blocknet, the more I'm starting to appreciate it.
Disclaimer: using only market cap for value calculation is flawed for sure, but it does give us the idea about the current state of things in cryptospace.
I'm tired of the overhyped projects gaining all of the attention with them whitepapers with dubious acronyms and bold promises. Year 2018 will be the year of DX's. Interoperability for the win!
Do your own research. And buy some sweet sweet doge :'c .
-Price has plummeted to 270k sat. Decent chance to scoop up some discount Block. It might go even lower, bid side is craptastic!
-2 nodes at sale around 400k sat. Nice opportunity for some deep pocketed whale with no patience to avoid heave slippage.
-5 penny analysis : brief nosedive to sub 200k and then up & onwards all the way to 400k levels.