Throughout history, financial markets have been “inefficient” for short or long periods of time, for a variety of reasons. To that end, crypto is more inefficient than any I have witnessed in three decades…as it is so novel, nascent, and misunderstood – with essentially no mainstream support, and extremely amateurish media coverage.
Bitcoin’s dramatic undervaluation is due to the latest FUD – that the Chinese government will “ban” it, for the umpteenth time. This will surely pass, as given a near record hash rate, with a potentially historic halving just five months away, MATH says the price should rise significantly.
However, altcoins are an entirely different story – as the HEALTHY purge that commenced in early 2018, but was delayed by the mini-bull of early 2019, is if anything, gaining momentum. Consequently, essentially ALL coins have been pummeled, even the handful with viable, defensible use cases.
To that end, I’d venture to say MimbleWimble is THE most inefficient crypto market. The reason being, that not only is it newer, and more nascent, than most crypto sectors - but due to its complexity, is EXTREMELY misunderstood. That, and the fact that most Bitcoin influencers shun it, or spread false or misleading MimbleWimble information, because they FEAR the hard fork that would be required to implement it – even if such an event, once the technology is fully tested, would make Bitcoin VASTLY better.
Thus, when I view the “MimbleWimbleTrinity” – MWC, Grin, and Beam – cumulatively trading at a $50 million market cap (down from $150+ million in June); when an essentially useless “privacy coin” like ZCash trades for $235 million, and an extremely limited one like Monero for $1.0 billion; it’s difficult to not consider that perhaps, MWC, Grin, and Beam are the most undervalued coins in crypto.
That said, I don’t even consider the “MWT” to be altcoins, per se – but instead, SUPERIOR blockchain technology platforms – that by this time next year, will likely be well understood, as to just how superior they are, by the entire crypto community.
Understandably, MWC trades (for now) below Beam and Grin – as it just launched its MainNet; is undergoing its (surprisingly small) “post airdrop overhang”; and for now, trading on just one exchange (HotBit), is less liquid. However, by early next year, MWC’s MainNet will be far more mature; trading, likely far more liquid; and the HODL program implemented. Considering such factors, MWC may well be THE most undervalued coin in crypto!
The MWC airdrop registration ended July 19th; MainNet launched November 11th; and airdrop claims commenced December 2nd, ending January 2nd. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41…and currently, it trades at HotBit.io. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.
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