6/06 ANDY HOFFMAN (CryptoGoldCentral.com): The Bitcoin Rhodium/Unobtanium Flippening – Stage One, Enroute To The CMC First Page
From day one, my expectation has been that Bitcoin Rhodium’s market capitalization will surpass all “competing” store-of-value altcoins - which I say in quotes, as essentially NONE were created for this purpose; or have the traits I would view as attractive, from an investment standpoint.
In the past 18 months, as Bitcoin Rhodium has built its mining and investor communities; added unique features – like its Strong Hands dividend program; publicly released its code; had it accepted by Trezor – for incorporation in its next firmware update; and generally speaking, built its case as a one-of-a-kind, niche store-of-value altcoin; I have written at least a dozen articles comparing it to such “competition.”
Initially, I focused on Bitcoin forks (Bitcoin Rhodium is NOT a BTC fork) like BGold, BDiamond, Super BTC, and Lightning BTC – ALL of which, have material valuations SOLELY due to inertia, despite having no practical reason to exist. However, I have recently broadened my comparison to hundreds of other altcoins – most of which, are Bitcoin forks or unminable ERC-20 tokens – that quite literally, do NOTHING, and never will.
This is why I strongly believe the CMC market ranking tables will look VASTLY different a year from now; and potentially, next WEEK - when CMC’s DATA alliance is complied with by some exchanges, but not by most.
When Bitcoin Rhodium was launched in December 2017, Adam Meister – in my view, the most astute commentator in crypto – mentioned the obscure altcoin Unobtanium, ticker UNO. It is currently the 189th ranked crypto by CMC, with a market cap of $23 million – and due to its low circulating supply of 200,000, trades for $117, or .015 BTC.
https://coinmarketcap.com/currencies/unobtanium/#markets
Unobtanium has been around a long-time – essentially, a “free” token merge-mined with Bitcoin, with a lifetime cap of 250,000. So, it definitely has store-of-value properties – far more, in my view, then BGold, BDiamond, and the rest of the aforementioned, unadulterated crypto-crap. Those coins are Bitcoin clones that do NOTHING differently, and never will – whilst Unobtanium, like Bitcoin Rhodium, sits quietly off the radar, as scarce as anything in crypto.
However, compared to XRC, UNO does not hold a candle, in terms of long-term use case. This is probably why, after 5½ years of existence, it’s market cap is just $23 million – having traded no higher than $30 million, in all this time. UNO does NOT have Trezor support; has essentially no trading volume; does not pay a dividend; costs $117/UNO (if any ever traded); and as of next week, when the aforementioned “altcoin D-Day” occurs, may not even trade on a CMC-endorsed exchange.
In other words, there is no reason I can conceive of why Bitcoin Rhodium should not have a higher market cap – and thus, permanently “flippen” Unobtanium; particularly, as Bitcoin Rhodium will shortly be listed on at least one, and possibly SEVERAL, CMC-listed exchanges; have Trezor support; and at month’s end, another Strong Hands snapshot. Not to mention, XRC has large, growing, multi-national mining and investor communities; rapidly increasing market liquidity; and ME, professionally marketing it – whilst putting my money where my mouth is, in a BIG way.
And oh yeah, despite Bitcoin Rhodium’s MainNet being just eight months old; and exchange listings, five months old; it has already traded above UNO’s ATH market cap of $30 million or so, twice. This, despite the overhang of thousands of XRC from its origin as a FREE BTC airdrop, being slowly, but surely, absorbed by the market - which, consequently, has put 95% of the available-for-sale float in the hands of a small group of long-term holding whales.
UNO’s $23 million market cap may sound small, but as noted above, that ranks it as #189 on CMC. And given that Bitcoin Rhodium’s market cap – as I believe CMC will measure it – is currently about $10 million, an XRC/UNO “flippening” would entail a 2.5x XRC move higher…potentially, when the aforementioned catalysts arrive, in the next two weeks.
https://twitter.com/Andy_Hoffman_CG/status/1136575412606103552
After UNO is flippened; and XRC firmly entrenched in the CMC top 200; I expect it to rapidly gain crypto market share – first to the CMC top 100; and then, its first page!
Bitcoin Rhodium currently trades on p2pbp2.io, Trade Satoshi, Fat BTC, Sistemkoin 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.