But we see this a lot with some of the smaller "undervalued" coins. The potential for loss is huge when you get it wrong since the percentages jump so much.
I think the recent spike is just a part of the long term consolidation, and we won't be seeing any further gains on this one. Until this coin becomes more mainstream (aka, when my dad first hears about it) I won't be risking it. Besides:
This sort of opens another can of conversation for the fundamentals of this company. They really aren't "first" in the market. In my mind, the first in the market are companies that have already been using platforms for sales specific to their platform. The app store, google store, and I'm sure twitter, facebook, and circle will all have their own cryptos used to make in app purchases. But you might say: "Wait, why would someone want to have to get unique tokens for each platform, APPC can do it all?"
Well, let me tell you, people buy V-bucks on fortnite, they buy Microsoft bucks (or whatever they are called) on their xbox, they buy tokens to spend on loot boxes and player upgrades. People are buying memberships to get discounts, that membership card is an asset that rewards them. Unless I'm misunderstanding the potential of AppCoins, I am predicting that we may not have many more high points for this token in the coming years.
This is not trading advice, just my speculation about this token. Like others (MTL and XRP), it was one of my favorites that I'm starting to believe there is a chance they will lose against the titans that are yet to adopt blockchain.
Thoughts? Ideas?
I think the recent spike is just a part of the long term consolidation, and we won't be seeing any further gains on this one. Until this coin becomes more mainstream (aka, when my dad first hears about it) I won't be risking it. Besides:
This sort of opens another can of conversation for the fundamentals of this company. They really aren't "first" in the market. In my mind, the first in the market are companies that have already been using platforms for sales specific to their platform. The app store, google store, and I'm sure twitter, facebook, and circle will all have their own cryptos used to make in app purchases. But you might say: "Wait, why would someone want to have to get unique tokens for each platform, APPC can do it all?"
Well, let me tell you, people buy V-bucks on fortnite, they buy Microsoft bucks (or whatever they are called) on their xbox, they buy tokens to spend on loot boxes and player upgrades. People are buying memberships to get discounts, that membership card is an asset that rewards them. Unless I'm misunderstanding the potential of AppCoins, I am predicting that we may not have many more high points for this token in the coming years.
This is not trading advice, just my speculation about this token. Like others (MTL and XRP), it was one of my favorites that I'm starting to believe there is a chance they will lose against the titans that are yet to adopt blockchain.
Thoughts? Ideas?