Mine and/or invest in some BitCoal (COAL) I have high hopes for this one!
While looking for some new low market cap coins to mine I stumbled across BitCoal. It is under new management and currently is getting re-branded so to speak.
If they do things right I think there may be some great opportunities here. Here are the current stats:
2/26/2019
Max Supply: 12,500,000
Market Cap: $260,247
Circulating Supply: 4,500,000
Price: $0.057833
Now when look for new coins to mine I tend to predict the price at different market caps using the max supply of coins. This would be the worst case price at that market cap.
So lets look at that:
When and if this coin hits 1M market cap:
Market Cap $1,000,000
Circulating Supply 12,500,000 (Worst Case Scenario)
Calculation for Price: $1,000,000/12,500,000 = $0.08 (+$.02)
When and if this coin hits 5M market cap:
Market Cap $5,000,000
Circulating Supply 12,500,000 (Worst Case Scenario)
Calculation for Price: $5,000,000/12,500,000 = $0.40 (+$.34)
When and if this coin hits 10M market cap:
Market Cap $10,000,000
Circulating Supply 12,500,000 (Worst Case Scenario)
Calculation for Price: $10,000,000/12,500,000 = $0.80 (+$.74)
When and if this coin hits 25M market cap:
Market Cap $25,000,000
Circulating Supply 12,500,000 (Worst Case Scenario)
Calculation for Price: $25,000,000/12,500,000 = $2.00 (+$1.94)
When and if this coin hits 50M market cap:
Market Cap $50,000,000
Circulating Supply 12,500,000 (Worst Case Scenario)
Calculation for Price: $50,000,000/12,500,000 = $4.00 (+$3.94)
When and if this coin hits 150M (Bottom of top 100 coins currently) market cap:
Market Cap $150,000,000
Circulating Supply 12,500,000 (Worst Case Scenario)
Calculation for Price: $150,000,000/12,500,000 = $12.00 (+$11.94)
Now this is being very optimistic but also assuming the max supply is hit. So while I am dreaming a bit here I do think this is a good investment to put your mining power into. I am not a financial adviser so please do your own research and due diligence.
I like a good gamble and to me this is a great one. I am all in on this for a while... mining while the mining is good.
I am currently mining this coin at http://coal.mypool.online and they have a calculator there to enter your hash rate and determine how many coins you will get per day. I am currently getting around 70 coins at 1650 H/s. This rate fluctuates a bit day to day and will eventually get low enough that I will move on to another coin.
For now though I am very excited about COAL and the biggest question is how long will I need to HODL? I mine and HODL. That is my game for now. Mine the easy stuff and HODL. It might take years but I am gambling here and hope to win big.