Post
Topic
Board Announcements (Altcoins)
The reason for the MUSICOIN rise & the new mining difficulty (IMO)
by
davidjerome
on 15/10/2018, 02:48:45 UTC
The reason for this recent MUSICOIN rise or apparent bounce from it's bottom I believe is because founder Isaac Mao is about to do a keynote address at the MaMa Music Festival in Paris in a few days, coinciding with the soon to be released MUSICOIN mobile streaming app, so there is sure to be lots of positive news in addition to a surge in the listener base as well as the resulting MUSICOIN buy pressure.

In addition, I have noticed a steep difficulty increase in mining of about 35% the past 24 hours. Lots of miners are jumping on board to, in effect, multiply their mining rewards by a factor of 3-10x over the next month or two.

Something is definitely brewing and I hope it is a sustained increase to price into the $.02 and above range, similar to what happened with Electroneum the past month with it's good news and marketing.