Not sure if you guys have heard of WeTrust. It is an ERC20 Token that had its ICO (raising 6.5mill) back in Mar-April before the ICO craze (where every coin is raising 30m-100m+). After seeing the ICO's constantly one upping each other every week, it made me realize that WeTrust is very undervalued compared to the overall ICO market.
There is a good reason why this coin has not made any noise and great price movement yet. The team has not been communicating its progress as much/well as they should have. Many investors have been in the dark and just hoping that they are working hard and moving forward. With no news/updates, it is very easy to have this coin covered in dirt. I think this will turn around soon as the WeTrust team is getting hammered by the slack community for more frequent updates and they are promising to communicate better.
Why have many investors jumped on board with WeTrust?
1)WeTrust is attacking the Rotating Savings and Credit Association (ROSCA) which is a form of peer-to-peer banking and lending that India alone does 200 Billion dollars of transactions in. So the sky is the limit on this coin IF successful.
2)The team is comprised of insanely smart people with strong resumes as well as having famous advisors such as Vitalik and Bo Shen.
3)Successful returns on Ethereum tokens so people want to keep jumping on board.
The chart has been sideways and very boring...
Just failed making new highs and did a perfect double top. Now its back down near its support once again and waiting for the next big buying to start its next try to break the top. For this breakout to occur, the market sentiment definitely has to be bullish which right now seems slightly rocky after that massive 30-40% bleed across the crypto board. That being said the next catalyst for WeTrust is coming very soon, its technically already confirmed, but won't be 100% public until a few weeks.
So here we finally hear some update and progress... as well as a potentially pumping news
We will find out in a few weeks if this will be the push WeTrust needs.
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