Pirate Chain confirmed the April breakout levels without any sight of sell-off from March buyers. Intraday charts show repetitive buying pattern when price drops which shows slow accumulation with an intention not to move the price up. As privacy coins are expected to move up to make up lost time during the last months we will probably see Pirate Chain breaking out to the upside. This is a very small coin with the market cap of $1.3b with the potential to reach Bitcoin market cap within a couple of years (around x1,000 increase) as central bankers continue to expand money supply in an unprecedented rate. To see how M2 money supply has influenced bitcoin price in the past see Raol Paul's video on YT ('Introduction to the exponential age'). We can see Pirate Chain being in the same place as bitcoin a couple of years ago in terms of market adoption. There's more and more dissatisfaction with Bitcoin censorship, lack of fungability and privacy. In recent years we've seen lots of huge pro investors putting money into bitcoin, however they haven't catched on to privacy coins yet. In fact they call them 'shitcoins'. They receive the same treatment like bitcoin in 2012. It's just a matter of time when 'smart money' from huge hedge funds starts flowing into coins with better technology, while also trend following algos start placing bets on daily charts with at least some of the budget from hedge funds going into these small (yet) projects like ARRR. Risk for ARRR = 100% of capital. Target = keep it until at least $10,000 and buy dips (60%-80% drops to be expected).
