I've been spending a lot of time looking at Tribes lately and circled back to one of the originals: Palnet
I've always thought communities were an interesting idea but Palnet is different in the fact that it isn't just for a niche or tag, all content is welcomed.
While I think that's great, it always made me think that it was just like adding a duplicate layer on steem to get a token. Don't get me wrong, I love my tokens but I figured Palnet would fade because the tokens wouldn't be special.
I may not be right about my thoughts on a general tribe and I'm wondering about what I see in the token price. The price has risen over the last few months and and I'm wondering why. There are niche tribes with plenty interest in them but price is not growing, or at least being stable, like what I'm seeing in Palcoin
So I guess what I'm trying to figure out with Palcoin is what's going on with the price and it is a token to buy and/or hold. I've never paid to much attention to the ones I have. I staked 1000 and the rest are there for trading.
Let me know your thoughts about palcoin in the comments. I'd love to come up with a good strategy for dealing this token.