6/03 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin Rhodium, Having Absorbed HUGE Supply At Fire Sale Prices, On Verge Of Re-Taking Key .002 Level
The early stages of any business venture – particularly a brand new blockchain, conceived and developed amidst an epic crypto bear market – can be harrowing, given the headwinds it must face. Which in Bitcoin Rhodium’s case, included skepticism from “maximalists” who received FREE XRC, but can’t conceive the fact it might be worth something. Or more broadly speaking, that anything other than Bitcoin can thrive, amidst what they themselves expect to be a world-changing Digital Age.
Finally, the sector-cleansing bear market is over – and thus far, it has been concentrated on the “top tier” of the market…which I say in quotes, due to the pure, unadulterated CR-P that resides there, like BCash, BSV, and essentially everything else.
Small altcoins have been largely ignored – though most of the sub-trash has floated higher…particularly those listed on the 22 CMC-endorsed exchanges, that will become MORE prestigious now that its DATA alliance has been launched to further legitimize quality exchanges. Now that this is FINALLY known, Bitcoin Rhodium’s devs have made it a TOP PRIORITY!
I have in the past written of .002 BTC/XRC as a major valuation inflection point – of an asset that has on THREE occasions since October’s MainNet launch, traded above .006 BTC/XRC. The price has gravitated to .002, representing a still miniscule market cap of just $9 million or so - and in recent weeks, MASSIVE supply has been absorbed at or below it.
So much so, I am POSITIVE that 95%+ of all XRC is in the hands of just a handful of whales and mega-whales – who in turn, will receive 95%+ of all Strong Hands dividends. This truly is an ultra-scarce “whale coin” – that those smart enough to buy below .002, are getting the bargain of a lifetime for.
Shortly, it will re-take the .002 “rubicon” permanently – enroute to what in my view, could be an ultimate destination of 0.1 BTC…and when it does, don’t say I didn’t tell you so!
Bitcoin Rhodium currently trades on p2pbp2.io, Trade Satoshi, Fat BTC and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.