This cryptoasset is highly illiquid with high spreads and therefore dangerous to trade with large amounts. It seems to be the case that demand is building for it, however.
This is likely due to the possibility of its eventual implementation in Medici Ventures projects such as land governance, identity or voting. There is no clear info being released from what I can find explaining what they intend to use it for please mention any references in the comments below.
The next 4 weeks or so will likely see the price hit 3400 sats (50% Fibonacci retrace and cloud Edge to Edge move) followed by a very bullish 4130 sat or a retrace to 2670 sat
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