ROI on ANS - Antshares went up 1000% in just a week!

What is Antshares?

Antshares is a decentralised and distributed network protocol which is based on blockchain technology. People can use it to digitalise assets or shares, and accomplish some financial business through the peer-to-peer network such as registration and issuing, making transactions, settlement and payment.

In simple words, Antshares (ANS) is a blockchain project similar to Ethereum from China.
The blockchain startup behind Antshares is Shanghai-based Onchain.
Here is a link to ANS and Onchain website.
https://www.antshares.org
http://www.onchain.com

Now the question is why this 1000% gain in a week?
First of all there is a conference coming up on 22nd June 2017 and the highlights of the event are:

Revealment of Antshares branding
Presentation of the Antshares SmartContracts 2.0 system
Antshares Case: Nest SmartBase and release of whitepaper
Announcement of Antshares strategy roadmap as well as strategic partners
Discussion on value of blockchain

There is a lot of hype about Antshares at the moment because of this event and also considering it has been called the Ethereum of China!

Another thing I see is the token supply which is currently 50 million ANS in circulation (nearly half of Ethereum).

As you can see from this chart, ANS has been under the radar for a long time and has been floating around the $1 mark for a while.

We will need to wait and see the future roadmap and who the strategic partners backing ANS are on 22nd June but it is highly likely that ANS can go very bullish after this event and break the current resistance at $15 and move up to $50 with a possible market cap of $2.5 billion in the imminent future.

Until next time,
Rick

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