Today I am very excited to do a post on NoLimitCoin (symbol: NLC2). I think this coin will explode in terms of its sports platform as well as the value of its flagship coin – NoLimitCoin.
If you really looking for a potential digital coin with great price appreciation potential, NoLimitCoin could be one of the best options. Sports Fantasy is really big right now.
If you have no idea what is fantasy sports, read below for some short intro and embedded infographics and youtube videos on fantasy sports market.
What is Fantasy Sports?
fantasy sports is a method of wager on sports events that focus on the performances of players. The objective is to choose a squad of players you think will perform the best over a one week period, for the lowest amount of money. Your rewards are then concluded by your chosen squad’s performance.
For example, you’re playing fantasy soccer and you know who the most underrated striker in the Premier League is. You could include him in your squad for a bargain. If your chosen striker then scores the most goals in the league over a one week period, while other competitors’ highly rated yet expensive strikers floundered, you would gain an advantage over them in the competition, since you bet a lower amount but got more for your money.
How big is Fantasy Sports?
Fantasy football in US. (img via imgur.com)
Online fantasy sports are a multibillion-dollar industry. In 2017, there are 59.3 million people playing fantasy sports in the USA and Canada according to Fantasy Sports Trade Association. Australian research company research firm IBISWorld reported that fantasy sport was a $4B industry, experiencing 10.7% annual growth, and employing 4,386 people in 292 businesses.
Stats fantasy sports demographics. (img via imgur.com)
The two biggest fantasy sports operators FanDuel and DraftKings (which control over 90% of the market) were able to generate over 300 million dollars in investments from companies like Comcast, NBC Sports, and Time Warner. Both of them are earning millions every day and billions in valuation.
DraftKings CEO On The Business Of Fantasy Sports on Squawk Box, CNBC
Stats fantasy sports in US. (img via imgur.com)
I hope you can get the idea of the flourishing of fantasy sports wave. So, I believe NoLimitCoin could be something in this sizzling hot market. But how NoLimitCoin stands out and does it has what it takes to ride on this lucrative yet highly competitive industry?
About No Limit Coin
Introduction of No Limit Coin
No Limit Fantasy Sports is a brand-new fantasy sports betting platform. Starting from August, everyone can play fantasy soccer, with American football, basketball, soccer, and hockey being added to the platform later this year.
What makes No Limit Fantasy Sports different from other fantasy sports betting platforms is that instead of using fiat currency such as the US dollar, all competitions will be played using its very own flagship cryptocurrency called No Limit Coin (NLC2). You also get free NLC2 to play with just for signing up.
No Limit Coin Competitive Edge As Decentralized and CryptoAsset
Currently, in the United States, the two biggest fantasy sports platforms are Draft Kings and Fan Duel.Together they own almost 90% of the US marketplace worth many billions of dollars. This effective monopoly has allowed them to charge their player’s extortionate rates for using their platforms.
The situation isn’t much different around the world in other countries, where a few large companies dominate the fantasy sports betting market.
No Limit Fantasy Sports aims to provide players with far better rates than its competitors, ending the effective monopoly large fantasy sports betting platforms have over the marketplace.
Rather than charging a 10% rake (cost for entering games), No Limit Fantasy Sports will charge a mere 5%! For head to head matches, this rake will be further reduced to 2.5% to make this platform by far the most competitive on the market!
For those of you that aren’t familiar with betting these percentages might not sound dramatically different. But if you’re somebody that likes to play regularly, you’ll know full well that these percentages add up enormously over the long run.
Essentially, No Limit Fantasy Sports platform would be appeal to anyone. The players (whoever wages on the fantasy sports) or investors could benefit from the double yummy deal.
Blockchain and cryptocurrency are all about disrupting the traditional way of we are doing things now. Everything will be transparent and sharing the potential financial perks with everyone.
What No Limit Coin Potential?
Using NLC2 instead of fiat currency allows the platform to navigate around restrictive sports betting laws in the United States and other countries around the world. This gives the platform a truly global reach that long-established competitors can only dream of.
It is also a currency rapidly appreciating in value, which cannot be said for many fiat currencies including the US dollar. Take a look at the adjacent graph charting the enormous growth in value of NLC2 this year.
This means any potential winnings in NLC2 are likely to multiply in value as the platform becomes more popular and demand for the coin increases.
No Limit Coin Proof of Stake Passive Return
NLC2 Coins use a Proof of Stake algorithm for transmitting the blockchain. By staking your NLC2 Coins you become a node on the network that transmits the blockchain and you get 4% extra coins per year as your reward. The blockchain creates these new coins and sends them to your wallet. Read NLC2 Wallet Staking Tutorial Here for More Information.
So, basically, it tries to imply that we could be on the participate (which potentially be worth billions) into the project on the cheap if we buy it now at the early stage. No Limit Coin could worth much more than the current price when the market gain momentum. Furthermore, Proof of Stake rewards anyone holding on the coin.
Current NLC2 price and market data. data: coinmarketcoin.com
The NLC2 price traded softer today, losses -6% as Bitcoin price continued to grab most of the limelight and buying volume. The market cap lowered marginally to 40 billion. nothing too catastrophic, please do take note it’s marketcap was 10 bn just 8 days ago.
The price in similar recovery pattern as most altcoins at the moment. The big green candlesticks forming an early sign of bullish engulfing. This indicated the tendency of reversal with buying interest still supporting the crucial support price level at 0.00002940. The corrective dip occurred after the near vertical spike should not be too alarming and hinder the long term bullish trend.
NLC2/BTC daily volume. data; cryptocompare
The volume boomed since last week as NLC2 pumped to new high.
On the daily chart, the price took a dive with -73% value loss from the record level of 0.00009600. Now, The price stood at 0.00004621 on Yobit market. NLC2 is still in modest position as long as the price stays above 0.00002940. The immediate price target is the resistance level of 0.00005115 (0.382 Fibonacci Retracement).
At the moment, the daily price movement is not my primary concern, as I believe the altcoins, in general, is still in sliding and sideway market. It possibly needs months for altcoins and NLC2 to reverse and have another round of significant price rise. I have no price target for NLC2 as it still in the early stage of their game platform. There is still adoption and development risks.
But so far, I think No Limit Coin i a unique opportunity that has no clear competitor among other digital coins.
The Real time NLC2/BTC price widget
Trading Idea: I believe the value that No Limit Coin could bring in the medium term. The current price is less than $0.20 is hugely undervalued in my opinion.
NOTE: I am not offering any financial advice here. Anyone should only invest what they could afford. The cryptocurrency and any investment are risky. Please do your own DIY research before any investment decisions.
Where To Buy No Limit Coin ($NLC2)
Alternatively, you can buy No Limit Coin in the following exchanges, most would only accept bitcoins or altcoins for deposit before you can buy NLC2. In the exemption of C-cex, where you can buy NLC2 with fiat money through credit cards or other online payment methods.
✘ Yobit – trading pair: NLC2/BTC
✘ Cryptopia – trading pair: NLC2/BTC, NLC2/LTC
✘ CoinExchange – trading pair: NLC2/BTC
✘ Novaexchange – trading pair: NLC2/BTC, NLC2/LTC
✘ C-CEX – trading pair: NLC2/BTC
If you don’t have Bitcoin, no worry. You can buy them on these websites. They are some of the most trusted and established on the Bitcoin transactions,
✘ Changelly Plus Other Cryptocurrencies.
✘ LocalBitcoins – a peer-2-peer marketplace for buying and selling bitcoins.
✘ Virwox – a unique way to buy bitcoins with PayPal.
✘ Paybis – another online payment merchant that allows you to exchange with various payment methods including bitcoins.
For professional crypto traders, take a look at coinigy, the absolute best charting tools, and resources platform.
NoLimitCoin #NLC2 Links
✘ Official NLC2 Website
✘ Bitcointalk – NoLimitCoin
✘ NLC2 Wallets
✘ Facebook @NoLimitCoin
✘ Twitter @nolimitcoin
✘ Reddit r/nolimitcoin
✘ Slack NoLimitCoin