Arcblock has been skyrocketing this past week. I managed to buy in close to the bottom back in November and just pulled out my initial investment.
With a supply of only 186 million and a market cap of $70 million, there's still a lot of room for growth here.
What’s fueled all the excitement recently and is anyone else in on this?
I remember this token back in the day. I believe they even had and ICO. I don't recall if it was a success, but the did have some hype. I also remember having some of their tokens in one of my Ether addresses, but I don't think I can even locate those private keys. I am very surprised that it's even still alive.
The price pump could probably be because of the upcoming airdrop
That is surprise from Arcblock Token being massively and unexpected pump in the cryptocurrency market, because during the lnitial Coin Offerings (ICO) most investors was expecting something pump as they lunch on exchange, instead the price remains the same for a long period of time and I was having few of the Arcblock Token, and give me a Joy on my face that I was not expecting in wallet.
Just shows anything is possible in crypto
It reached $1 last night so I took out my investment and now holding 4000 Arcblock for free - hopefully we see $3-5 in bull run
Arcblock is flying!! Just hit $1.40 , 6x up in a week!
Anyone know where this hype has come from? I am holding but have no idea why it is pumping.
Arcblock hit $1.95 this morning which is just under a 20x for me.
The market cap is still so low and has low supply so think it can go a lot higher over the coming months.
This is my first 20x return , how much should I be looking to cash out?
On one hand 20x return is fantastic but as I got in at the bottom I think this could see 50x returns for me over the next few months.
So far I have just taken out my investment so holding my bag risk free, just not sure if I should take some profits too or wait bit longer.
Arcblock is still showing great signs hitting new all time high last night and reaching $2.54.
I took more profits last month so now have 3,000 left and thinking of holding this 3,000 till $10 minimum.
I keep track of Arcblock online and YouTube and many are saying this can reach $20-50 this bull run which is crazy to think - I never thought it would reach those highs when I was investing in it when it was below $0.15 last yer but it shows the power of getting in early - hopefully this can be my first 100x investment
[moderator's note: consecutive posts merged]
I doubt that it will give you return 100x in the next bull runs. That is too much asking from a coin that is currently priced at $2.54 and I don't think it will go up to $20. Good that you are able to book good profit from it but don't expect a lot from it as meme coins are the only one that are giving good returns as of now.
For me to get 100x it only needs to go to around $15 - that is only a 6x from current price which is definitely possible as we have barely entered the bull run and not even at the halving yet.
I wont be too greedy tho and start taking more profits around $10 which is now only a 4x from current price.
Yeah this project has surprisingly performed over expectations over the past month especially. I don't have those holdings but yet seeing it at that position is a bit surprising for me. I didn't think that it would give that much return to its investors.
The pump could be probably due to the airdrop that's coming, I don't remember the date but it's nearby. Moreover as you mentioned the market cap is low and the supply is good so it might pump a little bit more in the coming months.
As of the moment when I am typing this, the coin is worth 2,45 USD.
That is impressive and really shocking. 3 USD seems to be very possible now. The crypto market is truly volatile and no one can exactly predict how a coin can go. Maybe the trust in altcoins in recent times had led to the increase of this coin.
Recently, Arcblock is getting the said hype because of it's upcoming airdrop and another thing I can say about Arcblock is the fact that it has been long here in the space but has been going up and down. So a lot of people has lost hope in it but for me I'm not even interested in it a bit not to talk of investing in it.
I have not done any research on it but I don't think it has any utility for now, except it has and I don't know about it, I believe that's one thing that derives investors most when it can be of help in the space.
Arcblock is a good project and listed in good trading exchange platform in which early investors are really on the good profit position, while keep holding for the next cryptocurrency market increases. Where Bitcoin halving is fast approaching to expect more pump in Arcblock Token.
Arcblock continues to rally and has just reached new all time high of $2.88.
It is becoming very tempting to start taking some profits but as we are not even at the halving yet I have to remind myself this can go a lot higher over the coming months and not to cash out too much too soon.
Most of the old investors takes the ICOs and other crypto investments to be some sort of get profits quick scheme and at that they are making every attempt to assumpted and speculate the coin in a short terms basis, but not knowing that, such project need time to build the right momentum and market dominance before their price will pick up.
This mentality have frustrated most of them and thought that some of the coin they invested on as worthless, but given some time you begin to see the value of those coins growing a d even a pump in price such as in this situation.
You can't blame them though, Lots of ICO including successful one did not leave to see a one-year anniversary after the launch and if my memory serves me well. Arcblock price tanked so bad after getting listed in exchanges, I don't think so many people had hope that It would ever pump again.
Most of them like me probably just left the tokens in the wallet since they were just worth a few dollars in total.
It's impressive that archblock, has reached a new ATH and as we're entering Bitcoin bull run that drives altcoins to also bull, hopefully this project can pump massively, I hear that it's price surge could be as a result of their expected airdrop. It's also good that you've recovered your investment capital, so you're in it for the ride and not much to loose if it suddenly starts to dip, that's a smart move. Projects like this restores hope in the altcoins division, that they're not all scams.
Projects like this restores hope in the altcoins division, that they're not all scams.
Not all altcoins are scams , it does feel that many on this site do feel that way and only invest in Bitcoin.
I have nothing against Bitcoin but it isnt going to change my life, not this bull run anyway so that is why I invest in Altcoins. Some will go to zero but I will also get lucky and invest in a few that will give me the returns Arcblock have so far.
I could cash out my Arcblock now for $12k but it only takes it to double in price again to make that $24k so Im just wary of cashing out too soon.
Arcblock holding strong after yesterdays mini crash it is now back up to $2.75.
I have my sell price set @ $3.40 hopefully see it there within the week.
So, in just 2 months from the $70M market capitalization that you've mentioned it's now $258M so that's almost 4x of gain already.
I'd assume that you OP have already gained with 4x and that's already a nice profit for you in just a few months. If you're going to decide to sell, you are in profit and this is a good time to sell.
But if you think that there will be more, then it's solely your decision whether to wait for more or not.
Most altcoin is made a huge jump lately and one reason of it probation because upcoming bitcoin halving and upcoming altseason are we still early the answer is i dont know because to be honest i dont know ae block coin hahah
What i know for sure in altseason most of the altcoin will be hit all time high
I got in last year my average is 10 cents so up over 25x currently.
I have taken out my investment so far and will take out profit when it next pumps and it reaches $3.40
This season is different, we should be able to capture our solid spots in the market, the projects that we have successfully mapped out and ready our time for these promising projects. Acquaintance will do alot of help for investors when it comes to projects, able to trigger the huge winnings. The market have projects, they're so many that we tend to lower our target and refocused on the ones that are legit and capable of the long bull run. Perhaps I'm unable to capture the essential points available.