FastCoin is currently offered for sale on the following exchanges Cryptsy and CoinEX.
If you have any questions or concerns email us at info@fastcoin.ca or visit our forum at fastcointalk.org
If you have any questions or concerns email us at info@fastcoin.ca or visit our forum at fastcointalk.org
The Market Case for FastCoin and the potential for dramatic rise in Price
The last week of July 2013 certainly saw relatively impressive market moves for FastCoin as it rose from the 0.00002000 area all the way up to a high of 0.0002800 or close to 0.03 USD! That was approximately a 10x increase or 1000% rise in less then a week! To put this recent price surge in perspective, we would like to correlate the recent market reaction with FastCoin to a historical chart of Bitcoin. Although history rarely repeats, it certainly does rhyme from time to time. No one can really tell how the markets will behave in the future however we believe FastCoin possess the potential to perform similarly to Bitcoin's historical behavior.
If you look at the Chart above, it is a historical chart of Bitcoins performance over the past year. If you look at the red circle it describes the relatively small rise that BitCoin experienced several months before it exploded to the upside. We feel that FastCoin may follow a similar growth pattern, and despite the recent market pull backs only confirm that many investors are interested in this coin. Contrast that to which was also similar in Bitcoin's eventual growth and price explosion. Bitcoin's growth was not a strait line up, rather a 3+ long year journey with many ups and downs along the way. Wise investors should look at these temporary market pullbacks in FastCoin as a great buying opportunity before the coin reaches a price level that is no longer affordable to the average investor.
In a little more detail, the following two charts look very similar
The above chart is of Bitcoin's price behavior from the months of April 2011 to Nov 2011. Notice that from April to the June 2011 peak, Bitcoin price went from $3 USD to close to $30 USD, a 10x increase. After which the price gradually declined, this chart clearly demonstrated the interest of market investors, however the price action was too early to sustain the new high as further development and broad acceptance of the coin was not commercially viable at that time. Contrast the above chart with the recent July 2013 price action witnessed in FastCoin below...
See any similarities? The recent price action of FastCoin looks very similar to the type of Price action that was witness with Bitcoin in 2011. Strong interest from the Market for the coin is evident. With further acceptance of the coin over time and with the development of Mobile apps and Online services accepting it for exchange we can only expect that the future price rise's should sustain the market enthusiasm and continue on the next leg up to newer highs.