Shitcoin Digest: Mercury Protocol (GMT)

If you’re interested in buying cryptocurrency, I suggest Coinbase for the easiest transfers and they have more than just Bitcoin. If you click on the link to sign up, I get $10 after you deposit a total of $100. So please check out Coinbase.

Mercury Protocol (GMT)

Technologically speaking, Mercury Protocol seems to be on point and they work with their investors pretty well, including an undisclosed bonus for early adopters of the coin (I dod not look to see what that bonus was, but usually it’s a coin bonus for people who buy in pre Initial Coin Offering (ICO). From my reading, they appear to be focusing on communications that use blockchain technology and it looks like they are funding that aspect of their business with the coin sales. They keep an active Twitter page, which means a lot. They are trading at about a penny a coin right now and have a high from January (three months ago) of twenty four cents a coin. My problem with them is a short history. They jumped a lot when they opened up and then fell to between one-twelfth and one-twenty-fourth it’s value. A high open then fast drop over a few days puts GMT in the maybe column. I cannot suggest a buy but I can’t say not to buy it either. It may be a surprising small cap investment and there is a possibility that it is undervalued.

NOTE: This piece was originally posted by Michael as an on- site page on TheMichaelBeebe.com while he was doing research into cryptocurrencies.

 

Disclaimer: Michael Beebe is not a financial advisor and all research is for his own purposes. He is simply sharing the research with the readers of this or other blogs and makes no claims to be an expert in finance or any forms of investment.