Well... what can I say to this. FCT is probably the messiest chart you will ever see in your life. It is the only coin which can do higher highs and lower lows at the same time while beeing in an uptrend. Thanks to all the forced liquidations.
One reason is that Poloniex is unfortunately the only big exchange offering FCT trading and the liquidity is very tiny. I don´t know why, but probably there is a reason why Poloniex put this coin on margin, probably because it will be big and liquid someday like all other margin coins are today.
This is a long term investment at least for the next 2 months, if not the end of this year
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still looks messy but maybe FCT can do it this time
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and Factom did it again. higher high and lower low.
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simonklasz
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Fct is more of a long term investement ? Since the supply is much lower now , are most people just holding on to this one ?
Pato99
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@simonklasz, yeah everyone knows it will x10 some day
simonklasz
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@Pato99, seems like a good technology that will stick around past some of the other Alts
simonklasz
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When price continues with higher highs and lower lows is that a sign of solid consolidation before the next uptrend ?
Pato99
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@simonklasz, it´s a hidden consolidation. there is not much factom left to buy.
When i made my first Factom chart there was ~600k FCT supply, now there´s only sub 200k left.
Tho it´s still a longterm hold until fundamentals improve
TheRichest
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Exodus support pushed back for a few months, sucks but I think once Exodus update is released this thing will definitely be shooting somewhere
Pato99
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@DatNgo, yeah just saw the news. Exodus release would help but the uptrend is still active even if FTC/BTC isn´t reflecting this currently.
Since my first chart Factom gained 300% on the last peak. The current marketcap is 78 million instead of 35 million.
But one thing is certain, Factom is very underperforming compared to other cryptos. Tho i believe this is like ripple at 400 satoshis in der long run