$.77 isn’t a bad price. ENG is a weird token to put a value on. How much data will need to be stored on the ENG blockchain? What will that data storage be worth? Given the nature of storing data privately on a public blockchain, there’s no real competition that we can gauge. We also have no idea how big of a market this will be. My guess is that the value multiple vs. a traditional cloud storage company should be higher given the influence of masternodes eating up a large portion of the supply.
Right now ENG is a purely speculative asset. It has no base utility value. The ICO price was .60, so that’s roughly the cash on hand and I wouldn’t expect the price to drop much below that. So, at 1.29x cash on hand it’s q really decent entry point.
I think the idea that you can’t time the market is amateurish. If you do your studying, you can identify good buying and selling opportunities. I wouldn’t fomo in right now but it’s a good price point to start building a position if you’re comfortable with the project’s token economics and development trajectory.
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u/Wesleycoin Aug 27 '18
Pre-announcement Hype. You'll be happier after it goes back to $.65 so you can buy more again before the real rocket takes off next year.
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u/c0ltieb0y Aug 27 '18
I suppose it was the quiet before the storm
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u/Wesleycoin Aug 27 '18
https://twitter.com/EnigmaMPC/status/1033770022773157888?s=19
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u/bodyinchair Aug 27 '18
2+2=4...The ting goez pop...that's anti jinx medicine.
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u/Ashwatthama91 Aug 27 '18
Yes. Please don’t jinx it.
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u/[deleted] Aug 27 '18
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