RFOXUSDT
has experienced a +100% increase in price over the last 45 days. Prior to this, I was accumulating a large position throughout the lows and noticed a significant decrease in sell volume during that time.
I've continued to accumulate during the subsequent price increase and have found it become progressively more difficult to markedly increase my position size, suggesting that any significant selling has been exhausted.
RFOXUSDT
has been quietly developing a fully functional Metaverse called the RFOX VALT over the last 3 years.
RFOXUSDT
has a significant structural advantage when it comes to the space, as they are the only Metaverse company which appears to have taken a VR first approach to development while still being able to build a completely cross-platform solution. The primary NFT collection related to the RFOX VALT is currently available on OpenSea as 'RFOX VALT OG CitiXens'. I've seen a +100% increase in the CitiXen floor price over the last week, which seems to be related to a recent announcement regarding upcoming apartment sales due to take place early next month. Apartments appear to be the RFOX VALT equivalent of land as seen in other Metaverses.
Listening to the weekly Discord AMA sessions held by RFOX leadership suggests that the open beta for the RFOX VALT is likely to occur within the next couple of months. This would have the open beta launch line up closely with the final apartment/avatar sales. This will be the first time that the wider public has been able to enter the RFOX VALT Metaverse and the first time that streaming on Twitch and other gaming platforms has been permitted.
For me this is a long term hold, as I'm expecting to see a 100x out of this asset next bull run, which would put the price at $1 with a $2 billion Market Cap.