Yea look at the sells. The developer has most of the coins and their is one sell on there for 54,806.4 cloud coins. Obviously one person trying to pump to dump judging by all the walls consisting on exactly 300xcld. Looks live the dev is prepping to cash out , this coin had been dead before the swap when everybody thought it was the wave of the future.
I'm having discussions with the dev about continuing the development of XCLD as well as the XCloud service. There is a good reason to why he has not been able to continue working on them, and I'm urging everyone not to jump into any conclusions.
It may be it is the dev who is selling the coins although none of us (including me) knows that for sure. If it is the dev then my bet is that he simply needs the money - again, for a very good reason.
Whoever is selling, I would personally be buying instead of worrying. I'm ready and willing to provide XCLD the attention and the underlying cloud infrastructure it needs to grow, and although I strictly refrain from making any promises about where the value of the coin is going to be in the future, my goal is to make it as stable as I possibly can.
As a side note, I do not possess a single XCLD myself and am in a very tough position financially so I'm not able to purchase any despite the current rebate price. What I do posses are the strategic and technical skills as well as the required hardware to keep the coin and the cloud service behind it going.
Patience is the key to success.
- Jyri
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