Within a short space of time NoLimitCoin (NLC2) (http://nolimitcoin.com/) has gone from languishing amongst the deadbeats on YoBit to reaching incredible new heights. So how does a coin worth a mere 10 Satoshis less than a week ago reach highs of 948 Satoshis so quickly?
Not just a ‘pump and dump’
Many will dismiss the NoLimitCoin price surge as just another ‘shitcoin’ being pumped. “This happens all the time” they will say, “it will be dead within a week!” The reality is NoLimitCoin is just getting started. Those of us in the know realise how sorely undervalued this coin is and are holding on tight.
Of course, from the outside looking in it would be hard to recognise. But you had better believe that behind the scenes NoLimitCoin is making big noise. Consider what this coin is aiming to do. It’s trying to severely disrupt a $4 Billion industry of fantasy sports betting.
Unlike many of the coins that surround it on YoBit, this coin actually has a purpose. People will need it in order to participate in fantasy sports betting on the No Limit Fantasy Sports platform (http://www.nlfantasysports.com/). This means a significant portion of the supply will be locked up in the game in order for it to run. As more games get added to the platform, the coin will be in ever higher demand which will push the price up further. NoLimitCoin has a relatively low circulating supply of 202,615,362. For a coin that will be in high demand in the coming months, its current price of between 1-2 cents has plenty of room to grow.
Big business involved
Now you might think, who would want to play fantasy sports on this platform? Cryptocurrency isn’t yet mainstream and that website doesn’t look like much (developers are working on revamping the site).
Well rumour has is that FanDuel and DraftKings, the two largest fantasy sports betting platforms in the US working on a merger, have Already attempted to buy NoLimitCoin. Their offer was turned down, but communication between the two parties is ongoing.
When you consider veterans of the eSports industry are working for the NoLimitCoin development team, this news is hardly surprising.
The movement is growing
The NLC2 community is growing at an incredible pace. The Slack group (https://nlc2.slack.com/) is gaining more members everyday as more people are growing aware of the coin via social media. As the coin starts gaining more attention, the price will only rise further.
Expect to hear about this coin in a big way over the next few months.