They "only" raised 2.6 million NEM so that is not the reason for the price rise.
I didn't hear of ecobit before though, sounds like it's been running for a while now. Anyone know something about this project?
I can confirm this news is legit! Once Chinese Malaysian onto Nem, it will burst because this project is massive!!
http://www.ecobit.io/en/phase1.htmlhttp://www.astroawani.com/berita-malaysia/kelantan-mahu-bekerjasama-dengan-kerajaan-pusat-atasi-banjir-128407 ( in Malaysian TV- Astro )
If you know what MoU is then you will understand later. Malaysian gov want to prevent flood in Kelantan state that happen almost every year in monsoon.. Later I will tell more insider info about this project. Just stay tuned!
XEM at 20+cent range is super cheap to consider those massive projects that they're working on behind the scene.