I have been invested in ThornCoin from the beginning and was hyped about everything it was saying. Since the launch the coin has had a semi pump then has dropped into the wilderness along with other staking coins which I am also invested in lol
Last month with the announcement of the first external exchange the price soared to around .90 which were incredible gains as it had been hovering around the $0.1 and falling to as low as $0.07 which I bought at and sold at $0.85 nice. The price then dumped when the name of the exchange was released stocks.exchange??? exactly. The team made no announcement of the exchange listing neither did the exchange. Price has then been dropping to around $0.13(I bought some more)
Today comes the news from a YouTube channel that Thorn are buying up the coins themselves in preparation of being launched on a bigger exchange. Absolutely zero evidence of this, but has made the price jump to $0.21 and climbing . I hope this is true because like I said I have been in since the beginning and would like to make some good gains.
This just shows the fickle nature of crypto in general as an industry, its a baby and can be manipulated so easily its a joke. How many times have we read news of crypto being banned, death of crypto and each and every time the price dumps. On the flip side a little bit of good news or speculation and the price pumps, its a crazy industry and it is where the money is at so lets ride the waves.
I'm not sure what's gonna happen with Thorn how high the price will rise in this latest pump but would be shocked if the price is not back down around $0.15 or lower within a few days if not tomorrow, where I will be buying some more lol
Oh the joys of Crypto
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