Before I even get into this I’m going to say right now that The Dood’s been invested in this coin since before it was OKcash. It used to be called PIMPcash , and then went through rebranding. I’ve remained invested in this coin since, and have steadily accumulated a nice little stash. In the spirit of full disclosure The Dood holds a nice amount of this coin.
With that said, I’m picking OKcash as my pick for the month. OKcash is a POS coin. If you look at the chart this coin shows a nice slow, consistent upward trend since its inception with the occasional dip in price and rather quick bounce back. Not only do you get to watch the price grow with this coin, but if you stake them in your wallet, you will also watch your coins grow. The Dood loves POS! This isn’t a pump and dump coin, and you can see the natural growth in price in the chart below.
Now that’s OK!
During the month of May it was up around 600 satoshi, and on May 31st someone dumped the coin down to 101 satoshi. The Dood was lucky enough to catch the dump and went all in. Something I rarely do. The next day the coin bounced right back and doubled, and has steadily risen since. At the time of this writing OKcash is around 299 satoshi. Now that’s OK.
I still see this as a great entry point. In my opinion this is a nice long term coin. The Dev team and community are constantly improving upon it. The wallet is fantastic, and it’s also a featured coin for the ROKOS Raspberry PI OS. I will admit however, I’d love to see some improvement to the ROKOS wallet in the way transaction history, and totals are displayed. The ROKOS wallet works great but there are a few bugs.
Anyone that’s followed this blog since before the move and the database loss will know I’ve always been a huge fan of OKcash. This is one of the few long term coins I hold. This isn’t investment advice but I think there’s plenty of room for growth at the current price. None of us have a crystal ball, and nobody knows for sure which way a market will move, but I love this coin long term, and think it shows a lot of opportunity for the month of June and the rest of 2016 for that matter.
OKcash is currently available on Bittrex, Bleutrade, Cryptopia, and Yobit.
To find out more check out these links below :
BitcoinTalk Announcement Page
Disclaimer: Nothing here is meant as investment advice. Seek a duly licensed professional for investment advice, not some jackass on the internet who calls himself “The Dood”. With that said, always do your own due diligence, never invest more than you can afford to lose, and always use common sense when trading. If you should come across a working crystal ball, make sure to contact The Dood and let him know all about it. Thanks for reading and happy crypto trading.