Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
by
smooth
on 11/08/2014, 06:08:00 UTC
Seeing a solid base form at 1350-1375 sat.

The successful switch to pruned mode is an important milestone.

The current price is a bit below my initial target of 1500, but that ended up being pretty close. I can definitely see upside from here and I'm a buyer at these prices.

The big early miner with 550k coins and unknown intentions is still an overhang but I don't see a huge risk of dumping, especially with the coin at current low prices and showing a lot of promise. Dumping the 550k at this price would only yield about 7 BTC. Whoever went to the trouble of mining all those blocks right away probably would like more than 7 BTC to show for it (and notably didn't sell even at 10k).