Monaco is building a fiat gateway (similar to Coinbase), and partnered with VISA so you can spend your different crypto coins anywhere with a regular VISA card (NFC supported). This project is really undervalued at the moment. If you look at the graph you can see this project hasn't mooned in the past few weeks like all the others, so it's still worth investing in while it's low.
However the major reason I'm posting this is because all the competition (TenX, Centra) has got suspended by VISA because their card issuer (WaveCrest) was not compliant with the rules.
It seems Monaco was doing their business properly and that's why they were a bit behind TenX. But now they are NOT AFFECTED by this VISA ban, which means they will be market leaders soon. Also their users will receive their Monaco Visa cards soon (I assume within a few weeks) which is another reason for mooning.
it broke down from your rising channel. stop loss sell off or hodl?
Vinterfell
⋅
@crosscounter, Yeah... thats unfortunate. I guess the investors got scared about the Visa news.
I'm still bullish on Monaco because the fundamentals are still there, so I hodl.
crosscounter
⋅
@Vinterfell, appreciate the prompt reply. Yes good luck! I am hodling as well. Great product and team.
kookz
⋅
@Vinterfell, i agree bullish as hell, the binance vs bittrex prices were soo skewed from each other. But as long as btc doesnt get pumped up quick again nowhere to go but up. We are leveled out I see us gaining some big momentum here in the coming days. goodluck :)
KashkavallaNEW
⋅
Just look at the founders and team of Monaco. Professionals.
Where TenX are a bunch of kinds who want to become rich quick (and did) and have no idea what they are dealing with. The realistic market cap of TenX is 5m. Monaco a bit more but it has much more potential.
Ishikura_Masaki
⋅
Cards are likely to release in Q1. Definitely not in the next two weeks. There's currently no timeline for the product release. A new timeline is coming end of January.
Vinterfell
⋅
@Ishikura_Masaki, Yes, you are right. First I thought it will be earlier.