Hello #cryptolovers2. The subject today is little loved Car Vertical. Today it trades at just $0.004648. It has traded at a high of .024 shortly after its debut on Kucoin on January 22nd. Just regaining the initial price of this new coin in late January would be a 5 X gain. We all know that the fall of Bitcoin has precipitated the extreme fall of new altcoins. As Bitcoin recovers, there will be extreme reversals in the best new altcoins.
The problem as I see it is that the company is focused on two small eastern European countries for 2018 and their expansion plans ourtside of Eastern Europe and Russia are several years away.
The problem is also the opportunity. As the platform is up and running and making money it is in a great position to make partnerships with existing auto registry companies. If they can manage a partnership with USA based CARFAX or a similar company it would be an exponential coup for them. Such a partnership could circumvent blockchain competition. Otherwise it is a slow slog and a long HODL as they expand into Eastern Europe and Russia before heading west.
I am not a professional and not giving professional advice. For myself I think that this coin has the potential for very big returns if they begin to think big and think partners. I am keeping a small position in this company for the long run and so I can maintain a watch on their price movements. Do your own research please.
What do you think? I appreciate your likes and comments and following. I am new to steemit, intend to post often and would like to hear from you about your thoughts. Please tell me about the projects you would like me to review. thank you. Blogg.