Even cheap ICO nowadays make easy x 10 in few days. And more in few weeks. Here Coss is overpriced because almost no have volumens on other pairs than Coss token vs BTC/Eth.
If it work need many active traders but they maybe come IF exchange will be many better and faster.
So actually I mean its pump on this coin because is 2$ now and after relase new GUI I expect dump as usually after news on every coins. 2 weeks ago price was 0,20$ for token. Now is 2$ so its x 10 without improve exchange. If something will better in Sunday it is in price actually. So dump after it I expect. Imho.
You miss a couple of major points: it is true that some coins make x 10 (and a few much more) in a few days, but 99.9% of that is based on nothing but hype and sentiment ... factors that can very quickly errode.
If you start looking below that shallow surface, however, and try to consider how the company is trying to create value for the token (share-) holders, you will realize that COSS is pretty unique out there in cryptoland among exchanges and it's current and expected valuation is based on sound fundamentals:
- It gives back 50% of the fee revenues to token holders
- It integrates in the real economy (COSS working on deals with various establishments and has already a number of outlets signed up)
- It will shortly offer fiat gateway
The technology behind the exchange itself, is not a major competitive factor anymore. Anyone with some modest skills and a medium amount of resources can re-create exchange technology.
With that in mind, the market cap of COSS is way below where it should be and thus has significant rooom for price appreciation by orders of magnitude.
