Welcome to the era of pump and dump. In the word of cryptocurrencies, several coins experience their fame for a day, but not all of them are here to stay. Such coins rarely offer any value of use cases in the long run. Such coins are often referred to as shitcoins.
If all of this sounds like a joke or scam or something in between, that’s because shit coins are half legitimate and half not. No, it is not the joke-coins based of canine breeds. The discussion is now looking past that. Consider this token for instances – according to CoinMarketCap, this coin at press time hiked to MORE THAN 70,000,000% in price!!!
This happened to the EthereumX (ETX) token. EhereumX is a token that runs on the Stellar Network and seeks to give Ethereum a run for
Read more on ambcrypto.com