Hey Guys,
Came across the IOTA coin on coinmarketcap today , few hours ago. Currently trading at $0.638654 USD or 0.00023640 BTC
$1.7 billion market cap.
It has suddenly somehow climbed into 6th place in Market cap. There is just too many of these non mineable coins / ICO tokens ,
I dont think some these ICO are doing any good for the reputation of Ethereum just like Silk road with bitcoin , Many seem to be ICO scams from what i can tell. Not worth the risk of investing into IMO.
i'm not saying this IOTA is a scam , the website looks well made and the concept , blockless zero fee , block chain ledger technology. Sounds quite interesting, it dont look like its running a ICO for this or if it has done in the past or not.
Just seems strange that it's only been going 1-2 days and got very high up. Could it be a pump and dump ?
Let me know your thoughts , whether you like it or not and if you think this is a pump and dump scam coin like so many ICO's seem to be currently. I know that some will be more informed about this coin than i am.
cheers.
if you like this ,donate some Btc :)
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