Unexpected pump


#1

Hey guys, why was this unexpected pump on smart cash. I haven’t been following all news. So I’m a little bit lost. But god job to the team and keep working hard to use this technology the best way possible


#2

It was not a pump but buyers rushing to get their SmartNodes set up. It was launch this week 11th or 12th depending where you live


#3

There is also kind of artificial growth due to wallet maintenance on exchanges. So you are not able to deposit/withdraw to/from these exchanges. The price should go down after maintenance is done.


#4

how much to change the price? and why the pool of lost coins from the balance?


#5

The price went also up because of massive Tether(USDT) invasion into SmartCash Coin, means tether the primary dump/pump coin usually used for BTC; If you look at the graph - its no healthy; be also aware of the amount if circulating coins; ripple had approx 38Billilon, and reached beyond 3$ but not more, so SmartCash may currently with approx 600M coins will maximum approximativ 120€ if it would reach the ripple market cap …

/Tron


#6

It will be interesting what happens to the price once Cryptopia begins trading again. I noticed after they suspended trading on the 9th the cap lost $70mm and on the 10th another $40mm.
From $311MM on the 8th to $199MM on the 10th.

Once all those coins get dumped on the market we should see a significant price drop.


#7

The dump is alreday in place now :wink: