MCO is one of the few ICO projects that have delivered a working product.
They keep adding more and more elements and features.
They cause people to lock up MCO for 6 months to get their card and they have to keep locked for the rewards on their debit card even after the 6 months. Also they get 6% pa on the MCO held so massive incentive to hold and just hold.
Fairly bullish price action from the low. Next to no retracement, pull back or dip.
I think this is going to be possible bearish retest of the previous support turned resistance, I think that the price will rebound from the 236 - 0.5 fib
We will see
They keep adding more and more elements and features.
They cause people to lock up MCO for 6 months to get their card and they have to keep locked for the rewards on their debit card even after the 6 months. Also they get 6% pa on the MCO held so massive incentive to hold and just hold.
Fairly bullish price action from the low. Next to no retracement, pull back or dip.
I think this is going to be possible bearish retest of the previous support turned resistance, I think that the price will rebound from the 236 - 0.5 fib
We will see
Comment:
What they don't have
No private key control
App sometimes lags loading.
I will add more, but look at a project like BQX. They wanted to do the exact same thing but with private key control (after a fashion) they are 90% + down from the highs and keeps making ATLs.
This is a working a good project.
Once people catch on this will be massive massive massive.
Next bull run this will be up there with Coinbase.
This company may have started as Monaco and a bit of a joke saying they would release cards every week and failing to meet deadlines and promises. Most labeled it a scam. Most dumped. (at a good profit if before June) However, once mainstreet catch on to the next 'crypto bull run' this will be so big.
Oh one more thing. They have a referral scheme where you get 50USD for signing up and depositing.
No private key control
App sometimes lags loading.
I will add more, but look at a project like BQX. They wanted to do the exact same thing but with private key control (after a fashion) they are 90% + down from the highs and keeps making ATLs.
This is a working a good project.
Once people catch on this will be massive massive massive.
Next bull run this will be up there with Coinbase.
This company may have started as Monaco and a bit of a joke saying they would release cards every week and failing to meet deadlines and promises. Most labeled it a scam. Most dumped. (at a good profit if before June) However, once mainstreet catch on to the next 'crypto bull run' this will be so big.
Oh one more thing. They have a referral scheme where you get 50USD for signing up and depositing.
They have investment platforms.
They have working fiat gateway.
They have a lending platform paying 8%pa on BTC
Their app works.