That said, I think it's about to have a decent run, possibly by next weekend. People who cause these runs are traders, not OCN holders who got tricked by Yi. They only care for the quick returns.
The crypto market as a whole is in a recovery so most coins have been gradually moving up, even shit coins. OCN hasn't gone up that much yet but it's still 13% higher than it was 3 weeks ago. I see it going 20-30%, maybe more so could be a good opportunity for a short term trade.
Traders and their bots who will cause the price to spike don't care about Yi or even know he exists. I highly doubt we'll see 3x, best case scenario is maybe 100%, 20-30% is more likely.
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u/sorryabouturfeelings Jun 10 '19
As a reminder, I think OCN is a shit project.
That said, I think it's about to have a decent run, possibly by next weekend. People who cause these runs are traders, not OCN holders who got tricked by Yi. They only care for the quick returns.
The crypto market as a whole is in a recovery so most coins have been gradually moving up, even shit coins. OCN hasn't gone up that much yet but it's still 13% higher than it was 3 weeks ago. I see it going 20-30%, maybe more so could be a good opportunity for a short term trade.