Mco tokens in a rounded top pattern possible catalysts

Mco tokens in a rounded top pattern possible catalysts

By edexter | Dexter's finance musings | 4 Jul 2020


     Over the last 6 months mco is in a rounded top pattern with one v shaped crash to $2 and then recovery.  You may have had some guess by some investors that wirecard was going to be a problem because of some articles questioning them.

 

Going forward you have some possible new catalysts.  The biggest catalyst would be a new European card provider or possibly the sale of the old one.  Since they are looking there is a Longshot at an arrangement like fidelity where someone provides credit and it is then rewarded in mco tokens as a rebate.  New features on the platform could attract new users.  Examples would be credit or leveraged products or something maybe less likely like silver becoming available as a product that can be lent out.  The extra 2% interest is available at 500 mco tokens around $2000 at current prices.

 

One thing of note to point out is that you get three months of Spotify before they charge you and one month of Netflix.  Those tokens may be new ones created when you get the 100% cash back but I am not sure but it will create new volume in the future for sure.

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edexter
edexter

Long time invester working at a meat packing plant.


Dexter's finance musings
Dexter's finance musings

This is just a blog about whatever my latest speculation is. Mining stocks, crypto or even bonds at times

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