I was going to write about this last night when I made the trade, but after the 2 previous posts and failing to fall asleep before them it hit me really hard and I had to rest before I could make this post. I knew this was also going to be a longer one introducing what I've read about this currency so I hope you forgive me that I made this post today first.
OKCash seems to have been another sleeping giant. It was released on the 24th November 2014 and went full PoS on December 9th 2014. The short mining phase could've been a big indication that many didn't take it serious and maybe found it to have a bit of an unfair distribution. What we have learned from cryptos though is that the market doesn't care and sooner or later the stake does get distributed through the markets and starts pumping when people least expect it.
Yesterday seemed like it was OK's turn to move up the ladders.
Proof of Transaction
Yesterday I sent 80 SD from last weeks post and 24.5 Steem from the Power Down to Bittrex to buy my share of OKCash.
I sold the SD and Steem for BTC and bought 781.62 OKCash at a price of 6550 sat (0.00006550 BTC)
Today it is already at 0.00007700 and topped last night at 0.00008500 which could be an indicator that it is not done going up.
OKCash seems very promising, looking at their Twitter activity (which most currencies lack) it has over 200,000 Followers and over 60,000 followers on Facebook. It will mainly focus on the online gaming communities but not limited to. The name OK is used because its one of the few words that is understandable by anyone in the world and has a good potential for mainstream adoption, even more so now with the recent boom of altcoins.
Here is one of their videos describing the currency in short:
OKCash has constantly been in development and had a good connection with their community (a lot like Steem) and after reading more on this currency and its history which all can be found online I was sold that this was an undervalued coin at this time with only 72 Million available supply and a max supply of 105 Million with an ever decreasing printing.
Charts
Its full chart looks like this right now:
Its 3 month chart since the altcoin boom started happening:
Its currently in spot # 88 on coinmarketcap and has seen a big soar recently, probably due to the news that lead me to hear about it as well, so invest with due diligence that it can dip again for some time before it hypothetically rises again. Invest accordingly.
If you want to read more about this currency here are some useful links!
Announcement Thread - Bitcointalk.org
OKCash.co Website
OKCashtalk.org Message Board
Disclaimer - Like always don't invest more than you can afford to lose. In this market anything can happen so be prepared for it.
