Sold all my alts and invested a total of 2000$ in AntShares @ $7.70 per coin a little over a month ago. It's currently sitting at $7.70 already and has had huge conference a couple weeks ago. It's China's first ever original and open source public chain project, has a ton of partnerships (Microsoft, Alibaba, MobileGo), allegedly has the government behind their back and is similar to Ethereum + has an amazing dev team. It has not been added to Poloniex yet but even on the slower days it has enough volume to start competing with the top 10 cryptocurrencies. What are your thoughts on this coin?
1) Why the sudden price surge?
It is quite simple.....the implementation of Smart Contracts 2.0 is in the very near future (might coincide with the conference in five days time). Those who speculate on the price likely consider Antshares to have everything it needs to compete with the very best of cryptocurrencies. It has better scalability and efficiency than Bitcoin/Ethereum without the chance of forking the network, whilst at the same time having Know Your Customer (KYC) options built into the network which makes it suitable for use by businesses in China and by extension the global community. I think the lack of the KYC options that most cryptocurrencies have actually allows various regulators to crack down on them. So in short it seems perhaps the very best cryptocurrency platform to conduct legal business on. If they ensure low and competitive transaction costs and clear information for international users (they are working on this last matter), then they can take out Bitcoin and Ethereum. Ali Baba will be bigger than the economies of France and the UK in 20 years. That goes for a lot of its industries, including Antshares. Just wait and see when China and Russia together with many other nations start taking away the power of the USD as global reserve currency. The perception of wealth will move along with it to the East.
2) Why was the project dead for a year?
It was not dead. It seems to me that Antshares has different priorities. They were developing their project instead of mostly devoting their time to hyping as many Western cryptocurrencies do such as Iota, Stratis and many others. They thought things through at China's elite universities first. Antshares is already better than Ethereum in its setup. The Chinese market will outclass all other markets in the world and the Antshares team has enough shares locked up to enter into all kinds of joint ventures and thereby further build value for Antshare holders.
3) Why is the transaction fee so high?
ANS transactions don't have decimals, if you trade in decimals they will just be lost.
