For those of you who haven’t looked at any exchanges today, you might want to sit down before you do so. CinniCoin has gone up in value to, as of this writing, 20,000 Satoshi. Let’s find out why this is happening, shall we?
One of the main features about CinniCoin that surely helped this progress, is the 0% pre-mine and no IPO. You can say what you want, but either one of those (or both, worst case scenario) will sooner or later have a negative impact on your coin’s value.
We all know a cryptocurrency can’t gain in value without a strong community,and a proper development team. As for that development team, rat4, who is one of the BlackCoin developers, helped the CinniCoin developers fix a proof-of-Stake issue.
That fact goes to show that the CinniCoin developer is not afraid to ask for help when needed. Not everyone is capable of knowing every solution to every problem, and if you want to “man up”, sometimes you’ll have to ask for help.
Over the course of the past week or so, we have seen a steady increase in value for CinniCoin. Starting around the 8,000 Satoshi mark, prices went up on a daily basis, and reached 18,000 Satoshi this morning. Currently, we are hovering around 20,000 Satoshi.
CinniCoin is a Proof-of-Work/Proof-of-Stake hybrid, with its Proof-of-Work stage ended. The fact there are multiple CinniCoin Multipools, supporting Scrypt, SHA-256 and X11, are only working in its favor, and also attribute to the increasing value.
Surely, a lot of people will just view CinnICoin as a pure pump-and-dump coin, with an unnatural growth, and an artificial price. And that’s ok, as you are entitled to your own opinion, and we all have to respect that.
Do keep in mind, however, there are only 15,000,000 CinniCoin in total, which makes it very limited. More limited than Bitcoin even. Surely that has to count for something? I do want to hear your opinions on CinniCoin, so please leave a comment below!
CinniCoin Donations can be sent to : JaknxjtZi7SLBvq4Bru8pvph5WLseYPj8q