Price for Siacoin has been surging for the past few hours, it is now clear why as Siacoin announces 'Obelisk' via its twitter, what is it? no one knows... as no details and/or dates about what this product is were given. Siacoin is one of the most promising emerging crypto-assets.
But announcements structured like this are very geared to hype creation. As institutional investors start setting foot onto the crypto space, developers may soon find out that announcements like this are dealt in a very specific manner by heavy-weight, trigger happy news traders, there's even a saying for it: "Buy the rumour, Sell the fact".
Don't be playing with fire Siacoin...