Wow! That's all I can say.
In a previous post, I predicted a $2 SUB token for the end of January. Now it's looking like I was a little bit too conservative because SUB/BTC just broke $2 on Binance!
Altcoins have been off the charts lately. The total crypto market cap is sitting at ~$770 billion, with a BTC dominance of 33.9%. Big money is flowing into altcoins at the moment. Perhaps BTC Futures trading has tamed the beast a little.
The $2 milestone is great, but I'm a little skeptical. The team has not released any new news about beta testing progress, and there is still no firm date for a V1 release. Thus, this does not seem like price discovery of an undervalued asset (just yet). To me, this just seems like a marketwide pump. Just check out TRX, ARN, and ELF. They were all pumped for seemingly no reason the past few days.
I'm still EXTREMELY bullish on SUB, but don't know if this $2 price will hold until the platform launch. I'm pretty conservative, so I won't be daytrading my position. If you're up for it, allocating a small percentage of your SUB for a swing trade isn't the worst idea at the moment.
Congratulations to everyone who got into SUB at $0.20 when I recommended it just a few weeks ago. That's a 10x return! If you're looking to get into SUB now, placing staggered buy orders from $1.75 to $1.95 wouldn't be a bad idea. My revised January price prediction for SUB is $3.25, assuming we'll have V1 in our hands by the end of the month.
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