Three months later; after bagholders and FOMO kids have sold out it's looks like it's dead. But, now IGNIS has a native population of whales, and whales have decided to turn the tides.
I guess we'll see an organized pump followed by PR campaign which will explain us why IGNIS exists and why it's the best thing ever.
I know what it is and what it does, but in context of market it's how I've said it.
> the longest stable PoS architecture in existence, in a variety of ways.
All these markets PUMP because of Whales; not because of their fundamentals. Richard Wyckoff has proven this for speculative markets.
I think Ignis will PUMP because whales are accumulating and filling their stomaches with all the little fishies that kept HOLD'ing and now they can't take it anymore and sell out.
Regarding the actual tech. behind Ignis and that it's some child chain and can scale business.... So what?? I could care less.
The only value this shit-coin has is its PUMP-potential. $$$
All coins act the same, Bitcoin is really no different.
Now, I think the price is artificial and pumped. I also think it might not exist 5-10 years from now. But I cash out some along the way and for the rest I am willing to lose in order to gain MOAR. ;)
I was just never able to take it seriously for reasons mentioned above.