My top reasons to buy $QASH. (This is not a financial advice, I’m merely giving my opinion and how I goes by evaluating coins/tokens)
Some Technicals: *(At time of writing)
- Price* : $0.66 / 0.00094534 ETH / 0.00007169 BTC
- Market Cap* : ~$233,266,950 USD
- Total Supply: 1,000,000,000 QASH
- Circulating Supply: 350,000,000 QASH (All raised through ICO)
- Funds raised: $106,400,000 ( 350,000 ETH)
- ICO Price: 1 QASH = $0.24 / 0.0008 ETH
- Exchanges: Huobi, Quoinex, Qryptos, Ethfinex, Gate.io, IDEX, etc.
- Rank on CoinMarketCap*: 63
1. Rich List
- The number 1 can ignore it as it is the remaining tokens that are not yet released. The circulating supply is ~350,000,000 QASH with total supply of 1,000,000,000 QASH.
- The top 3 holders (a.k.a Whales) have about 20.52% (8.08+6.59+5.85) which consider a fair amount comparing to other coins out there.
- The top 10 combined hold a reasonable amount of about 25% of total supply.
2. Undervalued
The price now is roughly 0.00094534 ETH which is very close to the ICO price of 0.0008 ETH. Just about 18% higher than ICO price. I look at the ETH value instead of USD$ value as this is an ERC20 token and people invest in the ICO with ETH. In terms of USD$ value, QASH increased by 2.75x. I still think that it is still undervalued compared to other ICOs that did 5x on open. It is 3.7x down from All Time High (ATH) in terms of USD$ and 2.4x down from ATH in terms of ETH value.
3. Major releases are coming soon.
In the latest AMA (March 9th, 2018) by CEO and Co-founder of Quoine Mike Kayamori on Facebook, he stated that the WorldBook beta will be released on late Q1 or early Q2 most likely will be 1st week of April. Although it is a limited access & limited currency beta release, it is still a major progress for the team and the whole crypto community as there is no such thing out there yet. Quoine will have a first mover advantage and by the launch I expect that more hype will start to build around it.
4. Technical Analysis
Although it is just a 5 month old token, I’ll give my take on how I see the market and what do I look out for.
- Based on the chart, it completed a whole market cycle and seems to find support at around 6.6k sat — 6.7k sat.
- Price action wise, a higher high (HH) and higher low (HL) can be seen after it traded down towards previous resistance level on early January 2018.
- Moving average convergence divergence (MACD) is a trend-following momentum indicator. Bullish MACD crossover, as the red line crosses the green line showing a bullish trend can be anticipated.
- Bollinger Bands (BB) is squeezing according to the chart. BBand squeeze occurs when volatility falls to low levels and the BBands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. A huge price action can be expected soon.
This will be the end of my brief review. A full and detailed review on QASH, QUOINE, QUOINEX, QRYPTOS & the LIQUID platform will be published in a few days time.
For more information please visit: Liquid or Quoine
Ciaos~ Happy Staking!
You can find me for more details or discussions on Twitter: @ZeroFiat
