In June, when Bitcoin exploded to nearly $14,000, altcoins surged with it – LED by the two trading MimbleWimble coins, Grin and Beam. The former rose from a $21 million market cap to $88 million in less than a month; and the latter, $8 million to $55 million - for a total of $143 million.
MimbleWimble technology has more upside potential than ANY crypto subsector – and when the crypto community recognizes the extent of the valuation discount to its “competition,”it is easy to deduce the possibility that when MWC starts trading, the “MimbleWimble Trinity” could easily reach that of a USELESS privacy coin like ZCash ($450 million at the June peak) – or perhaps, Monero’s June peak valuation of $1.5 billion.
Unfortunately,the crypto space shortly plunged; hitting ALL altcoins, including “baby with the bathwater” stories like Grin and Beam - which until two days ago, when MWC launched, had market caps of $30 million and $28 million, up from October’slows of $21 million apiece.
However,since MWC launched early Monday morning, Grin and Beam saw their market caps surge to $42 million and $33 million – up 40% and 33%, respectively, outpacing ALL cryptocurrency price gains. Quite the coincidence, huh?
Given that MWC’s initial OTC trades value it at about $22 million – not bad, considering it is not yet trading on exchanges; or claimable, other than by miners, until December 11th; the “MimbleWimble Trinity” is now valued at roughly $97 million; compared to $290 million for ZCash, and $1.1 billion for Monero –the latter of which is implementing useless MimbleWimble “sidechains,” because like Litecoin, it’s developers know MimbleWimble is THE future of crypto privacy, scalability, and fungibility. And FYI, if all goes as planned, MWC will be listed on exchanges at or around the December 11th airdrop claim date.
AsI wrote last night, MimbleWimble technology advancement – in large part, due to the MWC engineering team’s pre-launch efforts – is advancing dramatically…and in my view, will become front and center in the inevitable, potentially imminent “privacy debate” – likely, commencing next year.
MimbleWimblecoins are the perfect hedge; and not only is MWC the most investable – with a 20million coin cap and “MWC HODL” reward, versus no HODL rewards and supply capsof 263 million for Beam and ∞ for Grin, but 30% of its total supply is beingairdropped to the 1% of BTC holders that registered for it. Not to mention, MWC’s technologicalachievements, pre-launch, were AT LEAST as impressive, and valuable – without theVC backing and influence at Grin and Beam no one is talking about.
Thefact that Grin and Beam surged the day MWC launched is no coincidence, in myview. MimbleWimble is going to become aforce to reckon with in 2020 – and one day, the Bitcoin community will recognizethat EMBRACING, not FEARING it, can make BTC VASTLY more valuable.
TheMWC airdrop registration ended July 19th, with MainNet launch scheduled for November 11th, 2019, and claims on December 11th, 2019. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTCratio of roughly 40.41. For more information, please check out the MWC website,Discord room, Twitter feed, and Telegram Forum.
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