A promising coin that has not shown its activity for some time is again preparing for growth.
In telegraph chat rooms information is about the imminent growth of this coin.
Developers of the Soil Coin are close to signing a contract with a South Korean company CheilJedang, which is one of the leaders of the region's food industry.
At the moment, the coin is on the decline, so it's time to buy, right?
How do you think?
First of all, if something is on a decline, it's not a fact that it'll go up again. It could just as well keep declining.
Now, about SoilCoin... What is its purpose exactly? A quick look at it didn't really make me enthusiastic. It didn't seem that special to me.
Looking at its charts, its growth potential is huge, as its market cap is only $400k. If it grows to become a reasonably large coin with a market cap of 1 billion, you'd gain an ROI of 250,000%.
However, it looks like it's been pumped a bit the last couple of days. It might've been this news, but it might just as well have been a pump&dump group looking to make some quick bucks.
Personally, I'd stay out of this. Although you could make a ton if it grows to its full potential extent, it's simply too risky.