I see we're about to start The Pump, Phase II.
Why do you say that? What do you see? thnx.
~darylluke.
Multiple large 10+ btc buy orders being flashed and the sell orders are beginning to thin out. It might be nothing or some new btc might have arrived to market. Either way its fun to watch, as I'm not all that interested in selling my CANN. Every dump on the way up helps increase distribution, of course some people will need to take profits on the way resulting in disbursement of their bulk holdings. In the long run this is a good thing. IMHO
Indeed, distribution is key to any coin succeeding. Single holders of 1% or more are never a good thing as they limit new users from joining the movement and allow for huge swings from single holders.
Difficulty is also high. This result in less miners dumping a larger amount onto the markets. Plus at the 300,000 block, the reward will be halved. Expect this coin to go higher.
