Argus said yesterday that we should keep an eye on revenue, so here's an update today.
First, the good news. The platform made 4,700u yesterday, up from less than 3,000u the day before—a 60% increase in a single day. The daily average this week is 4,400u, and yesterday was the first day this week to beat that average.
The price has moved, too. When I posted yesterday, it was 0.011u. Now it's 0.0143u, up 30%.
Revenue is up 60%, while the price is up only 30%. Based on its earning rate, it's actually a little cheaper now than it was yesterday.
So Big Chao's target entry price is moving up, too. Yesterday I said below 0.006u. With revenue on the rise, around 0.01u now looks like a reasonable entry point.
But one day's figures don't mean much. It needs to beat the weekly average for three or four days in a row, and ideally hold above 10,000u a day.
The entry point is there, and revenue is improving. Next, we'll see whether the price rebounds first or revenue stabilizes first. I'll keep posting daily revenue updates here, so stay tuned, guys.
CA: 0xeCe5cA8bf9220718E5727754026757512212cb3c #ARGUS $ARGUS
First, the good news. The platform made 4,700u yesterday, up from less than 3,000u the day before—a 60% increase in a single day. The daily average this week is 4,400u, and yesterday was the first day this week to beat that average.
The price has moved, too. When I posted yesterday, it was 0.011u. Now it's 0.0143u, up 30%.
Revenue is up 60%, while the price is up only 30%. Based on its earning rate, it's actually a little cheaper now than it was yesterday.
So Big Chao's target entry price is moving up, too. Yesterday I said below 0.006u. With revenue on the rise, around 0.01u now looks like a reasonable entry point.
But one day's figures don't mean much. It needs to beat the weekly average for three or four days in a row, and ideally hold above 10,000u a day.
The entry point is there, and revenue is improving. Next, we'll see whether the price rebounds first or revenue stabilizes first. I'll keep posting daily revenue updates here, so stay tuned, guys.
CA: 0xeCe5cA8bf9220718E5727754026757512212cb3c #ARGUS $ARGUS