Position Initiated on Neblio (NEBL): Why I Like It.

There are plenty of Steemit posts on Neblio so I'm not going to rehash what other folks have written.

However is here is a link to Neblio's website.

Neblio caught my eye yesterday because of the recent gains on coinmarket cap.

I was curious why I hadn't noticed NEBL before so I decided to check it out. I was delighted to discover that there was a list of things I like about it:

PROS

• Low market cap (MC) of approx 20m. Anything under 10m is very risky and volatile and can be easily manipulated (however it depends on your risk tolerance if you really believe in it). The sweet spot for me is 25m-50m that has a good chance to grow to 100-250m (at least) at some point. However i'll concede that really any MC is good as long as you think it has a chance to hit whatever MC target in the timeframe you estimate. I talk about MC in one of my previous posts here. Take EOS: it will probably end up close to 1 Billion market cap after their distribution is complete. Is 10B MC for EOS possible? I think so! It has the hype, a great following, and while going from 1B to 10B is a lot - it really also depends on your volume estimate. For example going from 1m to 2m will take forever if daily volume is only +2800k (1 year). However if volume rose to +25k daily it will only take a 40 days to go from 1m to 2m.

• Low Circulating Supply: Currently approx only 12,432,323. Neblio wisely burned unbought tokens from the ICO. Inflation with staking can grow the supply approx 10% per year. 10% is probably the top of where I would want inflation to be but starting out at 12m, I think it's sustainable in the long-term.

• Staking is operational and simple: buy NEBL, download wallet, transfer NEBL to wallet and after 24 hours staking can begin. The Neblio Team distributed a link to calculate (possible) staking rewards with the amount of NEBL you own. Neblio uses the network weight model and rewards are sort of like a lottery system where the more you own the better chance for you to hit a reward. The full (and better) explanation is here.

• Some compare Neblio's model and value proposition along the lines of Stratis (STRAT). Thats good and bad as STRAT has a head start, but if Neblio can capture part of STRATs market then Neblio has a chance to see some sizable gains.

• Stable looking chart. No pump and dumps spikes. Just a nice and steady looking chart.

CONS

• Only on one (1) exchange: Cryptopia. However Neblio has communicated that they are trying to get listed on other exchanges.

• Not a large community compared to other size communities (approx 300 reddit subs at this point).

• Unknown. Not on mainstream radar right now and likely not to change unless the coin catches someone's eye.

Current Price(as of October 4, 2017): approx $1.60
Yesterday's Price: approx $1.45

Hope the above information helps you know more about Neblio.

Let me know what you think in the comments