Always fun to see the traders jump in and move the price around, (I hope some of you guys going long scalped the scalpers like I did)
Asian_investor on Twitter had a nice break down of the buying averages. It looks to be quite strong buying so my thoughts are that a substantial amount of the buy up is going into sticky hands
I think if you look past the trader noise and focus on fundamental potential and industry disruption/market creation you can see how valueable the technology could be - incorporated both cross-industry and vertically inside them. Counterfeit beating and complete security from start to finish through the supply chain security with a chemical barcode that has multiple layers of security itself. There are uncountable uses for this when you really sit and think about it.
Currency, Identification (Passports etc), Seeds, Drugs, Consumer goods, Packaging, Oil/Gas, Specialty materials, Weapons, Electronics, Foodstuffs, IT, just off the top of my head and with each industry having a myriad number of paths that SMX could create applications for
Fundamentally it is a very exciting company (the type that doesn’t come around often). If SMX continues to nail the trials then imo it will be highly likely the market will see commercial agreements come through - if those terms were to be good then this company could one of the greats.
Just my thoughts
All IMO, DYOR and GLTA
SMX Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held