I told you a while ago that I am done trading shitty coins which I had briefly done on Yobit.net. That is still the case generally, but I have found that the platform has a token of their own with a really interesting concept: its price will never go down and you can only place sell orders for more than the current price.
That new-ish concept is called "ROM" (or Rise Only Market) and it's working really well. The profits are not super huge, but for those who can invest some money on longer terms, it will surely be worth it. You can read a more detailed analysis of YOVI on this blog.
Here is a chart showing YOVI's growth over the past month:
And here is today's price:
In other words, this token grew from 0.01603600 to 0.01727200 in one month. The growth is not spectacular, but if it keeps growing like that, we're still seeing around 10% growth per month!
This means that if you buy $100 worth of YOVI, you can sell it for $110 in one month, $120 in two months and so on. The more you are ready to hold (and risk your money), the higher the profit. You can definitely get much better profits from most other currencies, but this one is relatively safe.
The only problem with the YOVI token is that the transaction volume is pretty low (about 0.5 BTC per day), but if it increases, that can only mean good news: its price will increase faster and profits will get better.
We'll see if this works in the long run - I have invested $50 right now and I'll keep you updated. Until then, you have the details and know if you should invest in it or not.
Happy to hear your thoughts about this.
Can someone explain the financial theory behind this coin? It's an asset that you can only sell at a higher price than the last sale.
This will definitely rise up the price but what's the gimmick here? An compared to traditional assets or other coins what are the disadvantages?