Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏
IF and there's a big one there if it happens. The fact that it gained so much value in the last couple of days doesn't necessarily means it's bad. It actually might only mean good, as the community grows and as it gets more recognition it gets more credibility. Look at Bitcoin and the latest one that was mooning far beyond that, XVG.
I am not sure about the dump, because no one can predict such things. A thing to keep in mind is as more people have switched to SUMO, the yield has declined drastically. And this helps the price since there aren't enough coins to dump. I love the minging algo's adaptability, but what that does to price remains to be seen.
I also don't think a dump will affect SUMO's long term credibility. There are a lot of other things yet to be achieved and the project is pretty young.
Regardless, kudos to the devs for this feature.
Yes, you are right, many miners switched to sumo... but they're not the fans, the small long term miners that keep the system working... they have to pay their huge electricity bills and they have to pay it regularly - so no hold for several months or years. I also do love the mining algo's adaptability - the reason why I suppose Sumokoin to be long-term viable coin - and that's also the reason why this pump can't be kept. The 20% gain in one month is an organic growth, the 200% in two days is a destructive overheating.
I love Sumokoin and I hope it will survive the dump back to balanced level (regardless of the fact that I do not know when it will happen).
Incredible gains for this project. How and why is this happening? 
I've been mining Sumokoin for several weeks, it's a promising long term projects - that's why I'm sad from this sudden pump as the inevitable dump will follow and will destroy Sumokoin's long-term credibility.I am not sure about the dump, because no one can predict such things. A thing to keep in mind is as more people have switched to SUMO, the yield has declined drastically. And this helps the price since there aren't enough coins to dump. I love the minging algo's adaptability, but what that does to price remains to be seen.
I also don't think a dump will affect SUMO's long term credibility. There are a lot of other things yet to be achieved and the project is pretty young.
Regardless, kudos to the devs for this feature.
I love Sumokoin and I hope it will survive the dump back to balanced level (regardless of the fact that I do not know when it will happen).
XVG was pumped by John McAfee's (for sure non-accidental) tweet. Bitcoin is a news headliner and gains 100% in one month, Sumokoin is a "nerd's" thing and gains 200% in two days - and all the gain is directed by one subject (entity)... The price growth is "favourable" for me but I prefer the "stability" and organic growth over the fast "get rich".