Quote from: Juudai on December 02, 2017, 09:51:37 PM

Quote from: striker7334 2.0 on December 02, 2017, 08:29:35 PM

Quote from: JungleOnion on December 02, 2017, 08:13:56 PM

I'm glad I got my Ella when I saw it at 400 SATs I can't even believe they are trading for almost 8k now. What's the newest development for the coin? New investors coming in? Hashrate spiking up? Or just a pump?

Probably a little of all three tbh. ELLA has had pretty consistent grow over the last couple months so the price is probably just playing catch up atm.

I disagree with a pump though, the coin is solid. This has to be organic growth.

I don't think it's a pump either.

The coin hasn't been shilled on /biz or any of the usual PND channels. The increase hasn't been as sudden as your typical Pump/Dump.

Volume is still only 76k, which is great, but it also means that not a heap of new money needs to come in to drive the price at this stage.

I also saw some Sell Walls come down (rather than being purchased through), which again isn't a bad thing, I suspect early buyers were originally thinking that they'd be happy with a certain amount of profit, but then saw the coin doing well and decided that the coin is worth more than originally estimated.

Finally, whilst I expect some miners to start taking profit (mining profitibility is as good as anything at ~ 70 cents) to steady the increases a bit, however the total mined is not just pouring onto the exchange. Miners seem to be holding for a bit more too. Given that Miners are extremely sceptical of value, this is probably the best sign of optimism in the coin from the larger community.

My (uneducated) predictions for the near future:

- Mining sharply increases, some miners take profit but difficulty holds correctly, we see expedited growth such as the last 72 hours, eventually this spurt mellows out and we return to normal slow growth
or
- Mining increases, difficulty algo is a bit weak, too many miners take profit, we see the price balance out/dip a little.
or
- 4chan etc get involved and we see a frenzy, this gets parabolic for a while, we see a dump after that. Coin will take a little while to recover back to stable growth.

As mentioned by quite a few wise heads in this forum, "Moon Missions" and "Lambos" is not what this coin needs. It's nice that it's going up so much, however there's no problems at all if the price stabilises back to more steady increases.