I bought a small amount on Poloniex some time ago. The BitX environment strikes me as innovative and forward-focused.
However, the volume of BitCNY on Polo is dire. Amazingly, today there has been volume of almost 1 BTC. Usually it is about 0.2 BTC.
Can anyone please tell me what is going on? Why is this coin so under-appreciated? Many thanks!
There are so many Alts that are on Poloniex, only a few will actually be sucessful, some might be good ideas but too late to the party, others are just scams or trying to get involved in the boom.
I don't know about BitCNY (rubbish name by the way) but unless something serious happens, with less than 1 btc volume per day, it will be hard to see a big price increase coming.