It's a pump and dump. A month and a half ago the pump of the month was Mintcoin and Vertcoin.
There's nothing special about Blackcoin at all and here are the reasons
- Faster Transaction speeds ~ a lot of alternate coins can claim this too
- Proof of Stake. Old mechanism ~ Peercoin, NxT and other coins have had this for ages
- Bitclone (the client is a reskin of BTC)
- Distribution. Top 100 wallets own the majority of Blackcoin.
- Novelty merchandise
I know the Bagholders and Whales will say I am a naysayer but there's absolutely nothing here to push Blackcoin into the $100+ million capitalization and let alone to keep it there.
Litecoin was a fluke, in part due to the dumb funds who missed out on BTC and threw money on LTC, and it's not likely to be repeated since those funds have since learned their lesson and realize they sit on worthless LTC coins.
I think it will reach its peak this weekend and crash slowly in 2-3 weeks after that, but it will still be over 3mil in marketcap.
I have been lurking on this thread but because of your post I just had the register to reply.
- Faster Transaction speeds ~ a lot of alternate coins can claim this too
maybe not a unique feature but a really good one which the top coins (bitcoin, litecoin, etc) don't have
- Proof of Stake. Old mechanism ~ Peercoin, NxT and other coins have had this for ages
pure PoS again the top coins don't have them
- Bitclone (the client is a reskin of BTC)
like most other coins, bitcoin is open source so why spend time and money making a different wallet when there is already one you can use and it does everything you need?
- Distribution. Top 100 wallets own the majority of Blackcoin.
thats not because it was pre mined and shared with a select few people, its because blackcoin started out small and only a small number of people saw the potential so are holding onto their coins, why would they sell when the price is ever increasing?
- Novelty merchandise
ok, not sure where you got this from, its on coinkite and coinpayments.net so lots of people maybe without knowing already do accept BC, you can even buy gold with it and I don't really think gold is "Novelty merchandise".
what makes this great is the multipool, the multipool isn't just for people who know about blackcoin to get it, it is also for people who want to make the most money out of their miners as it offers the best rate per MH, the pool is getting more people interested in blackcoin http://poolpicker.eu
another thing which blackcoin has going for it is the great community and all the support. there are giveaways at the pool and more and more people each day try to make blackcoin the best by spreading the word and wanting it to succeed.
There are always a lot of pump and dumps (main on the weekends) but guess what? that just gives blackcoin even more attention because it survives them and after each pump and dump the price per BC is always higher than before the pump so its always going up and the content buying by the multi pool always helps that go up (over 50btc a day)
.
