My take on TransferCoin (TX) - Unpopular crypto with cheap masternodes!

TransferCoin (TX)

Website: http://txproject.io/
BitcoinTalk Announcement & Discussion Thread: https://bitcointalk.org/index.php?topic=1203975.0
CoinMarketCap Page: http://coinmarketcap.com/currencies/transfercoin/

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**Price at time of writing: **

Price per TX: $0.812570 (0.00037025 BTC)
Market Cap: $4,902,252 (2,234 BTC)
Volume (24h): $1,968,010 (896.72 BTC)
Circulating Supply: 6,033,021 TX

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I am NOT currently invested in TX, but here is a quick summary of my involvement in TX:

• Purchased about 22,000 TX on March 22nd 2017 for about 0.0000575 BTC each (About $0.05 each at that time)
• Panic sold 12,800 TX for .00006 BTC each on March 30th 2017
• Sold remaining TX for .0000875 on April 12th 2017
• Watched in agony as price of TX continued to rise for the next 2 months

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Quick summary of TX price since April 2017:

• Since about April 11th 2017, the price of TX has had STRONG support above .000115 BTC. Even when Bitcoin and other cryptos dropped during June, TX appeared unaffected.
• The month of June 2017 saw strong support above .00014 BTC but fell below that support line around July 1st.
• July 9th and 10th saw a low of about .000085 BTC, a price not seen since April 11th 2017.
• In the past 24 hours, the price of TX has risen over 200% to an all time high of over .00037 BTC

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What I like about TransferCoin:

• Created in 2014, no major issues with the technology for about 3 years and running
• Innovative developer, InfernoMan, has created unique features like an android client that supports Masternodes (This developer is also involved in the crypto-currency called CROWN
• Fairly launched, no pre-mine, insta-mine or ICO
• Staking and masternodes available
• Private transactions and messaging
• Strong support above .000115 BTC held since mid April 2017 to Beginning of July 2017
• Was a dead coin but new developers and community are involved

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More thoughts:

• According to Bitcointalk forums, there have been some developers that recently joined the TX team but they are still relying on InfernoMan for some assistance. (InfernoMan is primarily focused on CROWN)

• There is a helpful community to assist in getting the wallet and masternode going, and InfernoMan even released a new wallet in the past few months that made the Masternode setup even easier.

• In my opinion, the price of TransferCoin has been pumped today and will drop back down to the .00012 - .0002 BTC range . This recent pump may be due to ChainCoin price raising exponentially and more interest on masternode coins

• The price of TransferCoin may continue to rise as the prices of other MasterNode coins such as PivX, CROWN & DASH rise. Transfercoin still has one of the most affordable masternodes around

• TransferCoin does not have a voting / consensus model, developers are in full control

• The wallets with the most TX have not seen any activity in a very long time, if these are "lost" wallets then there may be very few transfercoin available to purchase

This is all I have to say about TransferCoin at this time. This is my first post on Steemit and I hope someone found this post useful.