Happy Happy New Year to Factom (FCT) and its Holders: The John McAfee Effect sends it parabolic, over 50% jump in BTC value by daudimitch

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· @daudimitch ·
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Happy Happy New Year to Factom (FCT) and its Holders: The John McAfee Effect sends it parabolic, over 50% jump in BTC value
Tech Pioneer and Chief Cybersecurity Visionary of MGT John McAfee started off the New Year with a "bang" sending traders and speculators into a frenzy with his "Coin of week" tweet as the holders of Factom (FCT) was greeted with "Happy Happy New Year" as the coin jump more than 50% in BTC value. The tweet was quite detailed with several achievements of the project thus far.
![Screenshot (728).png](https://steemitimages.com/DQmP1pvdGzwyw6ZjZSykwqrBTMtBugX7wfAr69yW6125P2U/Screenshot%20(728).png)

The market responded strongly to the endorsement as traders and speculators jumped into action. 
![Screenshot (729).png](https://steemitimages.com/DQmVrG6oLkUXVDLSkhg6PNkmQjFfmPS1wUW6WJqpTyjX8ao/Screenshot%20(729).png)
![Screenshot (730).png](https://steemitimages.com/DQmZPdJ4Y7EHLJdoamewtXN8qPYw7tqyErKzzd1TahFQaFo/Screenshot%20(730).png)

Reminiscent of the Federal Chair giving quarterly minutes, the John McAfee effect continues to shake the markets as traders/ speculators look to put money to work. This has cause some controversy as many believe these moves are unhealthy given weight that he carries. Others believe its good as the market gets some direction in an increasingly crowded ecosystem.  It must be noted that some changes has been made with his endorsements moving from "Coin of the Day" to "Coin of Week". Probably one can argue that it gives traders/ speculators enough time to prepare for the next tweet and a weekly catalyst that the market can look forward to.

One of the clear picture that comes from his tweets, he favors projects with an actual product that is currently in use. This gives traders/ speculators enough room to work with as the decipher his next possible move. We have to see how this story unfolds in 2018, can the "McAfee Effect" maintains its 'sting' on the market ?
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