Hunt nearly at $1.2 Million for the day
I have been looking closely at the Hunt token on Daybit since it's launch last Monday. The team at Steemhunt have really thought about how to protect the value and their care and thought process is now paying off.
Most of the investors who bought the Hunt token during the recent IEO were incentivised to hold onto the token for 90 days in order to get some bonus Hunt tokens in the form of an airdrop after that period.
The first few days o the exchange we saw some decent numbers being traded reaching up to around $800 000 changing hands daily. The IEO launch price was 2 cents and it dropped by 25 percent over the following days and hit 1.5 cents.
This morning I had a look again and the price had moved upwards overnight and was at 2.2 cents which is phenomenal for it's first week. It has dropped again and is currently sitting at 2 cents. The volume has shot through the roof and is nearly touching $1.2 Million for the day.
This is promising signs for what is to come as most coins or tokens when they launch drop in value and take time to recover.I think that come the 90 days and the Hunt token would have grown considerably which is good for everyone involved in the Steemhunt program and all the investors.
This is also good for the investor in Steem who wants to delegate to this App as they will be offering a better return than the bid bots. The landscape will be changing as I can see delegations moving to the apps that launch coins/tokens onto the exchanges. This is fantastic news as these Apps were developed on the Steem block chain.
Steemhunt has more things up their sleeves and will be adding some new things to their site in the near future. I am very happy as a Hunt token holder and just wished I had loads more.
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Yea, I am not selling my holdings in hunt any time soon...
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I really wish we had delegated some more back at the beginning when it was much more lucrative. It is amazing to think about the investment some people have made and what it is worth now. On top of that, what it could be worth in the future. I always feel like I am late to the party :)
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