Why I Like It:
PRL is the economic bridge between content publishers, content consumers, storage providers, and storage consumers. The platform provides a novel solution that helps website owners monetize content on their website using a secure decentralized data storage solution. Website visitors contribute a portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger. In return, such users indirectly pay the website owners for maintaining the storage of their data. The files uploaded are stored on IOTA Tangle and is the first protocol that uses Tangle
Strong Value Investment Characteristics:
- Low Market Cap of $16m (with ample room to run)
- Skyrocketing Volume (volume has picked up massively since December 15th and continued to climb up until now with a huge spike in volume today)
- Solid Media Coverage (Shout outs in HuffPost and various other media publications)
- Strong community (Telegram group has over 3k members)
- More of a footnote, but in support of the strong community point, PRL has already received 3 shout-outs in one of the more popular Reddit undervalued coin threads for this month. The broader point here is that the shilling will be strong here moving forward
Summary:
At PRL’s current price (~$.28) and market cap (~$16m), this looks like a possible gem. It is more than worth the risk at this price point and has already doubled up since I bought in 3-4 days ago. I think this is a ride worth taking and would recommend hopping in prior to the coin getting listed elsewhere in the next few weeks (this is imminent, DYOR but consider joining me for what I am hoping will become a moon ride.