Update on Thoreums developement
Hello fellow crypto pirates, your wealthy pirate here again with another update on Thoreum for you:
Just as foreseen in the previous post (congrats on your gains if you joined then), Thoreum had a good push to $0.0126 over the weekend challenging the important mark of $0.013 for the first time to open up the way to the all time high $0.0142, to finally break free of it's presale shackles cast uppon it right after sale where two thirds of all buyers suddenly sold off their coins after launch (making a huge loss, obviously) and throwing the price to the lows of $0.0035.
If Thoreum manages to break above these two important marks, the way up will be free and untouched and we'll see a new ATH forming of unknown magnitudes with $0.016 being a possible, conservative new target for this coin.
But keep a few things in mind:
- $0.013 is roughly where most early presale starters bought in. It is to be expected to see quite a few exiting on a break even point even though it's a very bad financial action to take.
- More Thoreum tokens are mined by the minute (530 million still left to be mined through staking), expanding the amount of tokens and thus decreasing it's price or at least putting pressure on it.
- The token farming amount is currently surpassing the token burning amount. Still, since launch of Thoreum, 5% of it's whole remaining tokens got burned (100.000.000 of 2.000.000.000 tokens).
- Thoreum still growths in price regardless of the increasing token volume, but does so slowly.
- Only after all tokens are mined (~70 to 80 days time), price will truly increase, when the burn takes effect.
Tu summarize, Thoreum is having an incredible success, growing in price and market cap continuously even though more and more tokens are being mined by it's community. Thoreum will soon kick off to unknown highs, with $1.00 being only one of it's targets in the future.
The coin is still young, everyone joining is still early to the party of mining tokens and gaining reflections from transactions. Many pools and farms await those who wish to stake through Thoreums website that offer highly competitive APR's and APY's compared to the rest of the market.
If you want to give Thoreum a try, you can exchange it directly on their exchange on their website
More informations as to why Thoreum will be better than SAFEMOON (declaring itself SAFEMOON 2.0) can be read at their website too.
I am no financial advisor. You are responsible for your own actions and should DYOR before taking them. I merely write for entertainment purposes.
Please consider following my REFERRAL link if you feel like jumping onto this project and hodl it for a while for some profits: