I think that if investors jumped on GNO like they did, the market cap for GNO can easily double. Or at least, they can close the spread between them soon. I'd reccomend selling GNO at launch if you managed to buy some today, and buying REP now, with the same allocation.
The level above is significant, once above, this could go considerably higher. Don't trade this if you didn't catch the GNO ICO. Most people couldn't so, it might not be a viable trade for most. What I'd do is buy this one and wait for GNO to drop after launch, to buy into it. It would have to drop significantly, after developers cash out, and it is at a fairer valuation relative to Augur.
The level here matches the key level from the first day of trading...this has proven to be extremely reliable on ICOs. Retesting these zones, is of utmost importance.
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Struggling to break the key level for now, but might be able to do it soon.
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In good shape now. HODL!
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+22% on the position give or take. You can bank it here, and wait for GNO to come out tomorrow to cash out your GNO ico purchase...I'd sell 80-100% of it.
I do agree that the current ICO valuation is absurd. The same goes to the DAO ICO.
IvanLabrie
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@KesterWong, REP, Augur, another similar offering...the market cap for GNO is insanely huge, and this one, might catch up to it. So the long looks viable. It's actually working now.
KesterWong
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@IvanLabrie, Yep, now I can see the correlation, after reading the coindesk article. Thank you Ivan :)
I am not getting it, pardon my ill-informed knowledge on REP and GNO. What is the correlation between the two? Did you mean REP has some sort of dynamics with the listing of GNO?
Pato99
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that´s 12,5 million initial investment vs 300m marketcap.
ico price 2 € vs 29,50€ current valuation? lol
@IvanLabrie, i read something about that the GNO tokens which were not part of the ICO will be locked and not sellable for 1 year.
If it gets dumped good after release it might be worth a try, but i´ll wait on that
IvanLabrie
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@Pato99, yes, I would buy Augur now, and sell GNO at launch, then swap after GNO has dropped enough to factor in that risk. The market will price it in during the first day I'm sure.
KesterWong
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@IvanLabrie, If you buy REP now, wouldn't it also suffer from the GNO dump when the coin gets listed on the exchanges? I suspect that a GNO dump would somewhat affect the price of REP.