We all are here to make profits. Some are here in a long term game and some book profits regularly.
In last few days the prices of one coin have gone up magnificently.
This coin is proof of brain. Many of the investors have noticed the pump in the prices of the proof of brain coin in last month.
The trade was first noticed on hive exchange on 9th march when the prices were close to 0.015 hive per POB.
In the last week of March the prices were hovering near 0.05 hive per POB to 0.09 hive per POB. But since last few days the prices have skyrocketed to 0.22 which is more than 10 times the price of coin on 9th march. Those who were lucky enough to grab them at lower prices would have made 10x return in just less than one month.
But interestingly, the depth looks more impressive. There are very few sellers.
Reasons for upward journey
No body knows exactly the reasons of this pump but i can make some wild guess.
- Interesting concept used in the blue paper which co-insides with the bitcoin's story,
- interesting marketing strategy of dropping few coins in wallets of engagement creating accounts,
- support for prices by providing liquidity and
- now the campaign for incentivizing the staking of coins have all supported the prices of the coin.
All these factors have contributed in creating the demand for the coin and creating positive perception.