Recently PirateChain (arrr) broke through the upper resistance of a falling wedge and it has rose non-stop ever since. How much further will it go? I believe the real reason it’s rising is due to the sanctions on Russia and the Oligarchs. PirateChain is Fungible (which means) you can’t tell one cryptocoin from another–it’s truly anonymous. I believe they are using PirateChain to move assets which is causing the rise in price. The time to get out would be when news of sanctions being lifted starts to come out. Until then expect to see PirateChain continue to rise.

Also ZCash (ZEC) is another that is capturing some of the oligarchs market, but not as much as it’s not really fungible.

BTW: if you think this is helping the oligarchs by buying into PirateChain, it’s just the opposite. By purchasing PirateChain (and/or ZCash) and then getting out BEFORE sanctions are lifted you’re making them pay a premium for the crypto and then taking a loss when they cash out after sanctions are over.