Technicals are good, but I'll take fundamentals any day of the week:
Back in March (price 0.0012) I wrote:
As for large investment interest mentioned earlier, that's natural: The "transparent" market cap of bitcoin and alts is 10 billion USD. The anonymous market is peanuts: 4mn USD (1mn anoncoin + 3mn darkcoin). When the anonymous market delivers, if even 1% of the transparent money move to privacy-centric coins, we are talking about 100mn marketcap to be shared between anonymous coins. You can't go wrong there, although from an investment perspective I doubt they are talking exclusively about DRK. It would probably be a portfolio of coins with unique anonymity characteristics. That would also serve as a hedge to a potential loss in the bitcoin and alt market which would seem as problematic for being transparent. This type of money involved as investment and hedging is more important for coin price than market adoption in commercial trades done with DarkSend, simply due to the enormous volume of USD that are involved. Adoption in transactions will be slow. Today you can't even buy things with Bitcoins (except 0.01% of the cases), so the issue of adoption of altcoins is in itself somewhat of an oxymoron. But there will be a day when this will change.
In early April I wrote again (same price 0.0012)
https://bt.irlbtc.com/view/549572.msg6020352#msg6020352As for Hirocoin vs DRK, Hirocoin is competing in the transparent market vs other altcoins.
The transparent market is a monopoly right now of 10bn market cap value where Bitcoin is the undisputed leader. Darkcoin is creating a new market and providing a new choice: Do you want your transactions and your money to be tracked, or do you want privacy?
So, just as you have one shop and everyone goes there (100% market) and then another one opens and the marketshare is shifted towards the new choice, it's the same situation with Darkcoin.
By presenting a new choice, people will now be able to choose on whether they want public or private cryptocurrencies. If even 1% of the transparent market opts for privacy, we are talking about 100 mn market cap. If 10% goes for the private market, we are talking about a billion USD.
I don't know how Hirocoin, or any other plain altcoin can have a better "this is the coin to watch" prospect than DRK. The fundamentals are very strong.
So we went from a 4mn anonymous market to ~70-100mn (depending if one counts the Bytecoin marketcap), getting the 1% milestone.
Next stop is the 10% milestone for anonymous coins. It could take a while though. This is not a ride for people with Attention Deficit Disorder who want to see the price move up every day and panic if it doesn't, or people who are into pumps and dumps between coins.
Now show me
ONE technical analysis which predicted anonymous marketcaps of 70-100mn USD. Oh, there is none because they ignore the fundamentals.
