It’s been an interesting past 24 hours for the cryptocurrency world. We have seen Bitcoin rise back to about 675 USD for the first time in weeks.
However, the biggest surprise might have been when I woke up 3 hours ago and looked at the price of AuroraCoin. It took me a while to make sure I wasn’t dreaming.
Currently, AuroraCoin is valued at roughly 0,13 Bitcoin each. Some of you might say that is way overpriced, while others could deem it as “undervalued”.
You have to keep in mind that, even though statistics might declare otherwise, there are only a few thousand AuroraCoin in circulation.
Yes, 50% of all coins are pre-mined, we all know that. And sure, they could get dumped at any moment, with these high prices.
But have you considered this might actually be legit? I know the odds aren’t in favor of that statement, and truth be told, I’m still not convinced myself either.
But until proven guilty, we have to assume AuroraCoin is legit, and the right thing will be done in the end.
We will keep you updated as this story developers further.