In terms of expectations, I expect the value of Orchid to be around .20 to .33 at least for the next following weeks. The Orchid app is very young, with only 4k downloads on the Google Playstore. The app is very young, seeing that it is only a million dollar company at this point, I only see the possibility of market pumps carving out a nice cup and handle pattern. Smarter investors might see this trading sideways, with probably a potential 15 to 25% gain on a pump and dump, and an opportunity for some folks to break even, and exiting out. Coinbase is increasing the amount of coin circulation aggressively, which can be seen on the market makers and the spreads, increasing from 5 digits to 6 digits per cent up and down. This makes me believe that the market makers are the only ones making money.
It's interesting to see how this all plays out, since most of the traders holding $OXT, hold the coins from 1 to 2 days.
(btw sorry for the tiny text descriptions!)
It's interesting to see how this all plays out, since most of the traders holding $OXT, hold the coins from 1 to 2 days.
(btw sorry for the tiny text descriptions!)