When I first looked at the ticker symbol, THC, I silently started laughing, wondering how people can even buy smth like a Weed Coin. Then suddenly, volume really picked up, so I took a deeper look into what HempCoin really is.
- HempCoin helps facilitate transactions between marijuana farmers and the local dispenary shops
- HempCoin is the only crypto currency for Agriculture which is a trillion dollar trade business worldwide.
HempCoin helps facilitate transactions between farmers and distributors overseas.
- HempCoin was among the first 30 currencies developed in 2014 and is a highly focused digital currency for the Agriculture/Farming Industry and Marijuana/Hemp Industry, built on the source of Bitcoin, its use includes the Marijuana dispensaries and the entire Agriculture/Farming trade business.
So, there is a real utility in this coin, if farmers are really starting to use it. Since the Marijuana businesses in many states are really starting to take off, this could be an interesting investment in a rapidly growing industry.
Its coin is trading at its All time Highs, measured in BTC!!!, which indicates an outperformance to its peer! (Most coins trade at its lows and will not come far).
In the stock market we call these Peer-leaders who can outperform many other coins in the long run.
(Apple was one of the first stocks after the financial crisis that hit new all time highs the year after and rose another 1000%).
Should you buy this coin? This is your decision, but its definitely something we should have on our watch, this could become very interesting.
To be continued…