Another All Time High Coming? Let's find out
There are so many coins out there that are considered a.k.a shitcoin. However, they maybe profitable every now and then when good news would come. So always on the lookout for such a moment and make some profits along the ride!
Altcoin Recommendation
Today, my recommendation is this coin called LoMoCoin, it's currently ranked 100 on coinmarketcap.com. And it is currently having an uptrend move. I think it is worth keeping it under your radar. By the way, LoMoCoin is available on Bittrex
First of all, I must declare that I do not have any link with LoMoCoin and I do not receive any financial gain from them nor am I promoting its products. I am only writing this post through an investor perspective! In addition, the information I provided here are totally based on my team and my personal research and opinions, and we may be wrong. If you have reccomendation or comments, please leave them and we will be happy to learn from you and be corrected. gracias!
What does LoMoCoin do?
LoMoCoin was developed by a Chinese company named "邻萌宝" and is the world's first block-chain digital currency system thriving on LBS and mobile Internet. LoMoCoin marks the first mobile app attempting to bring together offline shops' demand for human traffic directing, player participation in entertaining games, and block-chain digital currency.
If you are interested in it, you could read more about it here
Good news and coming events implies ATH?
Every now and then, we see some exciting coin price surges due to the technical updates or press conference or new products release,etc. For example, the recent Antshare hype, practically made a lot of folks rich, when it went from $1 to $10 dollars.
On LoMoCoin's Boss 刘骥's WeChat, we saw this recent update
Some helpful updates
The followings are excerpts from the company's WeChat update article yesterday, and the original could be viewed here
New app update
"同时邻萌宝2.0将同步发布多语言海外版，支持多币种，我们将紧密连接区块链和数字货币蓬勃发展的地区，对接日本、韩国、东南亚、北美、欧洲、澳洲、俄罗斯等当地的合作伙伴，进行更接地气的推广和发展。"
It basically says that their app LoMoCoin 2.0 will be available overseas, including Japan, South Korea, Indonesia, North America, Europe, Australia, and Russia etc, and will be working with local companies from the above countries mentioned. This could be a huge thing as it would implies more adoption and bigger community growth, stastically speaking!
Upcoming event
"暂定7月下旬，我们将在北京（拟）召开邻萌宝2.0发布会暨全球招商大会，届时会邀请邻萌宝会员、全球范围内关心邻萌宝，愿意和邻萌宝共同成长共同获益的各位朋友共聚一堂，共谋邻萌宝的发展大计。"
Moreover, they will also have a LoMoCoin 2.0 Investment Conference held in Beijing in July. Another possible surge of the coin by then? Let's hope it would happen. In fact, there are so many Chinese traders are very irrational, this factor alone would enable our imagination and hope grow bigger.
Global ambition
"更重要的是，基于全新的 LMC SPV 钱包（Android 和 IOS）架构，海外开发者社区还将推出一系列可快速落地的应用，并会将这些应用全部开源。......届时欢迎全球范围内具有能力的个人或团队加入，利用这个全新的开源产品，快速开展自己的生意，邻萌宝 APP 生态中数十万用户基数将快速导入，帮助所有人在全球范围内落地并盈利。"
And their developer community has expanded overseas, and a series of Dapps are being developed to adapt their new LMC SPV wallet. In addition, their community has grown to 10,000 users base and the company aims to help its global users make money soon.
their own exchange coming
"为了加强LMC数字资产的全球用户的可获得性和满足未来持续提升的流动性需求，我们在筹备以合作运营或ICO 众筹方式，于今年8月发布一个新的交易所。交易所将注册在海外，以规避国内政策风险，但将严格遵守各国法律。届时，这个交易所一开张，即享有邻萌宝2.0和 LoMoCoin SPV 产品广大用户导入，并为广大用户提供快速便捷的交易体验。"
Last but not least, the company is going to issue an ICO to make its own exchange and the exchange will be registered overseas, so as to avoided conflicts with the Chinese policy. The company aims to make trading easy among its users through its new products LOMoCoin App 2.0 and LoMoCoin SPV which will be working seamlessly with the future exchange. This is such a practical move and I suppose it would create another big hype in the near future.
Finally, I have no clue if this coin would become anything in the future, and I certainly hope it will. However, its concept is interesting, and it has existing community support and developers around the world, plus all these good news. I definitely believe that it is highly likely that it would have at least a 40% or more growth in the coming month or two. I hope this information help!
Again, I am only a trader and investor, so I wrote this post purely from an investor's perspective, and if you decide to invest it will be your own risk and never invest more than you could afford to lose. Other than that, let's hope to make some profit soon. If you like this post, please give me some vote and support, so I will be a better contributer in the future.
Thanks for the post. How legitimate is Lomo? It seems they have been dormant for some time now they are back on the scene. Their ios app links don't work and the app gets 2 1/2 stars. There is very little evidence that I can find of the Dev directly communicating with users/investors. The Lomocoin WeChat I found had very little about the company or devs.
The app is only available in China, if you are in the US or other countries, you would not be able to access it.(hope this answer your first question) But as I pointed out they will release their apps to the West soon, also some Asian countries like Japan and South Korea, perhaps you can keep following our updates or check their news every now and then. About the 2 1/2 stars, I think you are talking about the Android apps? I have never used the app because I am not in China, so I have no comment on it. On their Github page, you can see there are frequent commits and changes of code, they have 2 main developers, If you speak Chinese, you can add their QQ group and Wechat group. And yes, I agree that they are still very shaky and not having a very impressive outlook at the moment. But, the upcoming updates and release will certainly have the chance to make a temporary price surge, so I have invested some and prepare to lose. But if it does have a 30 to 50% surge, I would make some good profit out of it. So, it is just at your own risk. I don't recommend long term holding.