The story behind Geo coin is that the coins are not acquired from mining. They are located all over the world and trackable by GPS so every coin has a specific latitude and longitude. This can simply be done with a tracking device we already have, a smartphone.
What I especially like about this coin is the total available supply. Only 4 million exists while just over 3 million are currently circulating which can make it more valuable. A strong demand can easily inflate the price. Although Geo coin price fell drastically from it’s highs due to it being offline while in upgrade stages it is now back online and running smoothly.
Geo coin is showing one of those charts where you can just buy and hold for the dead cat bounce. The time of the bounce is unpredictable but it can be a big one. At it’s current price at the time of this post, it is sitting at roughly 2.10 an can easily bounce to 10, which was the high from mid January 2018. Although it is a gamble and certainly not a guarantee, remember that supply is very limited which is why this coin seems attractive to me.
After forming a long base (1st red underline) from mid Feb 2018 to early March 2018, it dipped to a new relative low as shown by the 2nd red underline in the chart. This is usually the ripe time to buy for something that has flat-lined for a while. Buy the dip from the flat-line, although it doesn't look like much of a change because the overall chart just looks so flat. Other than that you really can't chart this, just have to believe the story and wait for the pop.
Disclaimer: All statements and expressions are opinions, and not meant as investment advice. Information provided in this post is not personal investment advice and should be used as informative or entertainment purposes only. Seek guidance from a professional investment advisor or due your own due diligence before trading or investing.