Can you imagine a 25 cent/coin staking reward for Bean Cash. This is the reason, most traders or investor in this coins becomes excited!!!! Ripple XRP or IOTA coins doesn't have this. Let's look at the scenario compared to these coins, which have started in the pennies as well. How the huge and whales can take advantage of this and have incredible profits.
For those who don't know, Bean Cash gives a reward for holding in your wallet, as holders know. What makes it very exciting is, it gives all or none. The winner of each block reward recieves 1,000 beans.
Here's the super scenario number 1. At only 2.5 billion beans out there and 47 billion more to go, the coin value can exponentially explode. The cap right now is 26 million. A whale or pack of whales put in double that to have 50 million cap. At the right time, Bitcoin rises from 9k to 15k. Combination of this lifts the price of Beans to 5 - 10 cents. Now the whales that hold 100 millions of beans, receive around 4 million beans a month or $400,000/month at 10 cents/bean. But when the whales bought in, they only paid $1 million for the 100 million beans and now in 1 month they will get close to half the money back and in less than 6 months, it is likely they will get the rest of their money back with good interests. Although, this can be a good pump and dump, the low number of coins out there and the staking interest rates keeps this coin with high potential and interesting. Plus the great technology and upgrades coming up.
Now, we are talking about millions of dollars worth of trading in one day. It will fluctuate like Bitcoins. There will be many that want it for the high interest rate, while others wants to cash out and rebuy at the dip. However as Bitcoin rises, instead of dipping sometimes it may reverse and rise. It be harder to predict, because some may buy in for the prediction that Bitcoin may rise higher than before. Then there maybe ones that hold for the year as an annuity.
Bean at certain price becomes very attractive in this way with daily or even weekly staking rewards. If 10 cents a daily interest of 1k reward - that is the minimum reward - is $100 a day or $3000 a month. This becomes better investment than a rental property for a few years before reward difficulty changes. Bean is on upward bound, as long as bitcoin price stays high or have not reach it's apex, yet.
There will be a price point for bean cash, when it becomes the premium coin for the best interests payout. Once that happens, bean goes on a tear. You may see the price rising from 5- 25 cents and maybe almost $1. This might be around when Bitcoin reaches $20-25k. I would feel it is more likely to stay at $1/coin if Bitcoin reaches 50k or higher, the future will tell.
For all this to happen, Bean Cash must rise with Bitcoin because without it, staking decreases as there are more coins out there, the price has to match to make it worth it. Having said that, because it has a reward system of winner takes all, the price will not need to rise by much to give it value. If comparing it to mining Bitcoin or staking other coins, this still pays out much better. This is the reason why it is so connected to Bitcoin price.
My prediction by end of the year or next year, Bean Cash will reach $100 -$200 million market cap. Before that, I think this coin will go on 2-3 more exchanges with at least 1 major one. We should see at leat 1-3 price hump before the year is out. A new higher common price or the new low price that most traders and investor will not let go below.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.