PPT will skyrocket?
Something is cooking in the air, I can already smell the profits in the air. It seems like some whales are accumulating a lot of PPT recently, do they know something we don't? There is an imbalance forming in the orderbook:
https://etherdelta.github.io/#PPT-ETH
There is barely anyone selling, the Sell Wall is getting thinner and thinner and smoother, the number of sell order are either withdrawn or they have expired, and nobody is adding to it.
Meanwhile the Buy Wall is getting thicker and thicker, more and more buy orders get added every single time. In the past 2 hours I have observed it getting very big.
So this looks like a supply/demand imbalance. The demand is growing rapidly, meanwhile the supply is shrinking.
You don't have to be a rocket scientist to realize that will happen. I think the price is about to skyrocket soon.
Whales?
It looks like some new whales are joining. There is this guy that claims he buys PPT with 500 ETH:
- https://bitcointalk.org/index.php?topic=1866936.msg20355508#msg20355508
- https://bitcointalk.org/index.php?topic=1866936.msg20358210#msg20358210
Whether true or not, it does seem to answer why the Buy Wall is getting big. Of course it's not just him, but others too.
I think this market is about to skyrocket, I have juicy sell orders at 0.019, and I expect the price to hit way above 0.02 maybe even 0.03 but I'd just sell at 0.019 for now. Let's see what will happen. I think it will be exciting to watch.
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Sources:
https://pixabay.com
I will sell @ 1ETH=1PPT :)
That would be awesome, I'd make a ton of money if somebody would buy my PPT at 1 ETH price.
Very nice information. I like to research things like this, but mostly good altcoins that will be good for (mostly) longer term investments, but have huge potential to grow.
PPT is a long term bullish market that has a great niche, the invoince platform, so it's easy to trade this, by buying at the dips, in my view.
It's getting worse...
Worse? You mean awesome.
That kind of buy power, 3700 ETH x2 at 0.00830 is 1,538,505 $
The price could skyrocket any time now.
Awesome for those buying now while the price is low. Worse for those few souls who are thinking of selling.
P.S. I bought