Recently I noticed that mainly Shitcoins are the gainers. I found out when scrolling down the charts
https://www.coinranker.net/ that these Shitcoins are making profits:
-Latium 202%
-Jiyocoin 85%
-Hollywoodcoin 72%
I should not only focus on the top 10 coins but we should also take notice of the smaller coins.
There is always hope it gets targeted by a pump group or something. Maybe some clueless traders buy it because TA indicators tell them to ($400 to $2! It's clearly undervalued, man).
All this price action occurs at a very thin volume. The MC figure here is more misleading than usual, because the vast, vast majority of the coins are not traded. Ponzi victims bought it at hundreds of dollars, and now it's peanuts compared to their initial investment. What you bought for $1000 you can now sell for $5 — might as well not bother and hodl.
One way or the other, I think BCC is at its proper place right now. Look at the coins around it in the CMC rating — are you really telling me these shitcoins are somehow more legitimate than BitConnect?
Yeah, it's a Ponzi scheme that collapsed. It's still a crypto after all. Whatever, Dash is an 80% premine scam and Doge is a memecoin from the start. BitConnect is a coin that's well known and often mentioned. Might as well be in the first several hundred.
To be clear: I'm not even remotely close to saying BCC is a good investment. The only way now is down. Just trying to analyze why it's still worth anything.