ICONIMI Breakout for 2018
Updated
Again, very simple chart with an obvious trend. ICN breaking out after a long down trend. This is a project well worth studying the fundamentals, and critically has not been visited by the P&D gangs meaning less hype more value. Essentially, ICN is an ETH based project where ICN is used as a representative token for the whole project where ICN manage their own fund and burn ICN tokens on the basis of profits made through their Pinta Digital Asset Array Managed Fund. In addition to this, they also host other DAA managed funds where companies such as Columbus Capital manage their own fund and where you can buy directly with ETH or BTC and where you can receive the funds native token back to your wallet. Further to this, Columbus Capital will be releasing the first blockchain stock on the Irish Stock exchange titled Blockchain.ONE which will in essence be a direct fiat gateway in to Crypto.
Surely this is worth a little bit of time on your part for due diligence? From this perspective, the fundamentals are there, a critical mass of DAA's are now opening, and ICN's Price to book ratio is as follows:
"Price to Book ratio for ICONOMI closes q4 at approximately 0.82 (lowest quarter ever). ICONOMI has more company owned assets than the total market cap of the company. The S&P 500 has a P/B ratio of 3.43 ."
Also to note that 500K to 1MM is entering ICN DAA's on a daily basis. Your call....
Surely this is worth a little bit of time on your part for due diligence? From this perspective, the fundamentals are there, a critical mass of DAA's are now opening, and ICN's Price to book ratio is as follows:
"Price to Book ratio for ICONOMI closes q4 at approximately 0.82 (lowest quarter ever). ICONOMI has more company owned assets than the total market cap of the company. The S&P 500 has a P/B ratio of 3.43 ."
Also to note that 500K to 1MM is entering ICN DAA's on a daily basis. Your call....
Trade active
Opening a short term trade here purely on the basis of an expected bullish 2017 Q4 report. For obvious reasons, ICONOMI's Q4 report will be extremely positive after the last three months bullrun. Other fundementals include a growing userbase, growing number of DAA's added to the platform, and with a million Euro entering the ICN system every day, there seems no good reason not to buy in anticipation of the Q4 report. Also further utility of the ICN token is also expected to be announced.
Take a look at last years quarterly reports for a hint of how things will go:
cdn-images-1.medium.com/max/1200/0*SNgFE68hCSF0VNeF.
cdn-images-1.medium.com/max/800/0*93ULacmysmKqfK9M.
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