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
15 million coins 🙂
got a bit too happy, sorry :), fixed it 🙂
Actually no, it’s not limited to 15,000,000, it’s 15,000,000 were generated during the Proof of Work stage, there is an up to 3.5% stake, allowing for, if all 15,000,000 of those coins were to sit in the wallet, up to 525,000 new coins generated per year.
We know it’s significantly unlikely 100% of 15 million coins will be held in wallets, so it’d probably generate a lower perecentage, add to that the maximum staking number of coins being 10,000 (even if that’s less than 3.5% of the wallet in a year). So this also reduces the 3.5% to something lower.
Unless they come right out and say 15,000,000 is the outright cap no matter what (which they haven’t), 15,000,000 isn’t the top. In fact the absolute maximum total coins hasn’t been specified. It could be 400 billion for all we know. (throwing ridiculous number out there I don’t represent cinni there for do not know).
The absolute maximum total number of coins ever in cinni: Not announced, anywhere. This concerns me.