Topic: [INFX] Influx coins thoughts (Read 625 times)

Hi guys,

ChainWorks Industries (CWI) adopted the coin from the original creator Coryvmcs1, a respected member of the community. CWI is a corporation that owns “TheFarm” located somewhere in the Australian wilderness, a sizable mining facility that is being rebuilt and upgraded. Many of their projects are under development  and most of the teams effort is still under the radar. The team is also working on other coins, Granite, Ozziecoin, Droidz and recently they added Influxcoin under their umbrella. All the mentioned coins will work harmonically within the CWI ecosystem.

http://chainworksindustries.com/

in mid June 2017  there was a huge increase in the mining hash rate of influx. The event happened a couple of days after influxcoin was added in the cwi-stratum pool. Now, the coin’s dedicated hashrate is 20GH/s-50GH/s up from 1GH/s-5GH/s. Such a jump in hash is rare for a coin of 1mio mcap and it can only be attributed to miners showing their interest in Influx.

 

The recent price growth, that was timed with the increase in the hash power, according to the main developer Chrysophylax, was due to an investment from an unidentified source. This party contacted CWI before the accumulation for on OTC trade. As there is no pre-mine and as CWI just took over the coin, no trade happened. The unknown party bought off through exchanges and stated that they are here for the long run and they are willing to acquire more.

So DYOR and do not forget to fill your bags before the chainworks launch which is 21 days later.

It's interesting that you bring this up. I have made a small investment in this coin as well looking at its potential after the new developers create something unique.

10 times "soon" might be dependent on what your definition of soon is. However, because it's such a small market cap coin with top holders accounting for most of the coins (meaning there would be a shortage of trading supply), and less than 2 million coins currently, I think 5x+ within a month does not look impossible.

Influx coin is apart of a larger project. Development just restarted on it. Currently has just over 1 million coins. Max supply is 12 million. Miners like this coins, x11. It has had some good pumps recently. What are your thoughts on investing for a longer hold. Could it go ten times soon? Will miners be dumping the price down? I think it has pos as well. For this few coins the price could see a ten times gain?