On day 1 of SNAX exchange, some Bps will want to cover their expenses, some early adopters will try to make some profits. And there won’t be enough buyers.
I have seen some people in the Discord channel wanting to buy some SNAX, may be I will buy for 50 € of SNAX, I don’t know. So there will be be more sellers than buyers, at least this is my guess.
The inconvenient is that the price of SNAX will be very low, giving a bad image of the crypto.
The advantage is that there are already about 1,000 of users, a good whitepaper and an excellent team. They have been quick to fix up the resteem bug.
SNAX is her for a long term, but speculators are here for short term profits.
SNAX also have a lot of competitors, too many new crypto are airdropped everydays.
Have a look at https://www.coinschedule.com/cryptocurrency-airdrops
So, low prices, high volatilities, but it is important to show the users that there is an anonymous exchange available, on the top of a P2P exchange.
So, should I buy more SNAX or sell mine ?
I will certainly read what other participants of the challenge are thinking about. But do they tell the truth ?
More information on what will be done about long term marketing plan would have support the exchange rate. Marketing is the key for a new crypto. Marketing so far has been good, but what about the next months ?
Iamge source : https://unsplash.com/photos/WtllOYrN70E
A the end of the first day, SNAX will be exchange for 15 Satoshi, but how much does a Satoshi will be worth ?
This is my contribution to the #snax #challenge30days implemented by @dragosroua. Day 28.
My SNAX ID is chrisaiki.
See you tomorrow ;