What does it take to build absolute investor confidence in a cryptocurrency?
How do you build a totally supportive community base for a coin, and grow the value of that coin enough to make it stand out, especially within a time frame that has seen a number of coins shine and "drop off" everyone's radar, when people realize there's no future for that coin?
Well, here's how:
Get together a group of dedicated people - developers, marketers, and just about anyone who absolutely believes in the worth, and the future of the coin - even at a time when the "paper value" of that coin may not seem encouraging.
Sounds cliche, right? Everyone's doing that, right?
Well - the fact is, everyone's not getting the results that we are seeing with BlakeStar (www.blakestar.io), the altcoin that has shown one of the most steady growths within the industry in the last week over the last couple of weeks.
Currently #4 on theCoinMarketCap Gainers and Losers list, BlakeStar has emerged as a digital currency with a promise of long-term value.
Looks like the team over at BlakeStar - and the growing number of dedicated community of investors - may be doing something that's working. Just a couple of weeks ago, the coin was trading at 4 satoshis, and as the community threw their weight behind the currency and the team, we have seen a steady rise to the current value of 49 satoshis.
With serious work going into the newly-released updated wallets for Mac and Windows, a new website, and a growing community spread across multiple channels, confidence is definitely being built in this coin. The planned upgrade to PoS 3.0 is definitely something to look forward to, as are the planned listings of the coin on more exchanges. As more and more mining pools become available for this coin (3 added in the last 3 days - see a list of mining pools (Blake2s) here), this is one coin to keep an eye on.
Sustainability is the key here - and as long as the BlakeStar community keeps doing what they have done over the last couple of weeks, the value of this coin can only grow with time.