Seems somebody dumped quite a lot LOL
This is why long POW with high reward will kill the coin. I bet this is from the multipool dumping and converting to btc....
I have a hard time believing the miners at multipools have no idea or lack of foresight to understand what RC is. I use multipools, but I keep the coins that I feel have a long term payoff. Actually, if it is ignorant miners operating at multiple: their loss is our gain, Im buying.
I am definitely thinking it is a few whales driving price down to to buy more back at a better rate. There are alot of fragile hands out there,
Just my 2 cents.
I actually didn't mind that shake out... I actually bought 20k more XC during that time... so it's all good. But multipool man... never good for any coin.
Agreed multipool serves a great niche by destroying scam coins. IMO.. Overall I agree with you, but multipools can be used to your advantage,
Now that the POW will be changed with the new wallet release, the multipools should be a concern for the other coins coming out.
RC will be joining Drk status tomorrow night if not greater.
Regardless we are sitting fat ATM,
Cheers my brothers
