Who would have thought that a coin like ParagonCoin who "promises" to be changing the cannabis industry as you know it, according to their official website, will pump SO HARD right on the first day of 2019? I for sure didn't.
However, thanks to sunny decree, who is a "vigilante crypto enthusiast" and a great youtuber, this build on the Ethereum blockchain token has come under my attention with its "stellar pump" due to sunny's recent video.
After trading for almost a month between 5 and 10 cents, according to coinmartketcap, today "it decided" to skyrocket to up to $10 by midday and now is being sold at about $6.7 registering a 5,910.62% growth...
Hope to see Steem having that pump in one day!
Now, the problem with it is that it is trading on only three exchanges and the only one "offering it" at this premium price is yobit which offers trading pairs such as PRG/USD, PRG/DOGE, PRG/BTC and PRG/ETH, but guess what? As sunny decree also proved in his video deposits are suspended so how "hot is that"? You get that movement on only one exchange but you can't play the game...
Smells fishy ins't it? It's a pot's coin after all, why it wouldn't. Smelly or not, given the circumstances of its pump, trading options and deposits issues I wouldn't touch that and probably so would you also. However, I consider it as a good example of how wild the crypto market still is, even on the first day of 2019.
Thanks for attention and have a great day!
Adrian