The Twenty Minute, Half-a-Cent
Did you miss that?
I’m guessing a lot of investors missed the fact that HempCoin [THC] more than doubled in price for about twenty minutes only to fall back to an even lower price before the price spike occurred. I couldn’t believe what I was seeing. I missed the price spike by about four hours but that’s okay I’m not currently an investor. I’m a BIG fan of HempCoin I just haven’t gotten around to it.
I am not a financial advisor. This is not financial advice. This is for entertainment purposes only.
It seems that HempCoin’s market cap got a sudden boost. Well, actually three to be exact. The third boost was soon after the price of HempCoin took a massive nose-dive falling just short of its original price of around $0.0041. For about twenty minutes HempCoin experienced a half-a-cent price spike causing it to more than double its value to around $0.0122.
This is fairly new news, it happened four hours before it got my attention.
I hope this isn’t anything like what Paragon Coin experienced when its sudden and short price spike occurred. Investors thought something wasn’t right and many complained. Paragon Coin is no stranger when it comes to court proceedings.
Many investors are true to HempCoin because they understand that they are committed to serving the needs to not only the Marijuana/Hemp Industry but the Agriculture/Farming Industry as well. HempCoin has been in business since 2014 and is built on the source of Bitcoin. HempCoin is designed to be used in licensed Marijuana dispensaries and the entire trade business when it comes to Agriculture/Farming.
Like most marijuana cryptocurrencies, HempCoin has had it share of “ups & downs” — literally. HempCoin had its first outstanding rise in price on January 7, 2018 when it hit $0.6218 when just a year earlier on January 2, 2017 HempCoin was at $0.0004122. Sometimes, on occasion, marijuana cryptocurrencies experience a huge price spike but they quickly go just as fast as they come and if you’re not alert you could miss a huge payout. By December 1, 2018 HempCoin was just above one cent in price.
With that being said, some investors probably can’t help but think that something doesn’t seem right. When a price spike happens, similar to the one HempCoin just experienced, any curious and concerned investor would like to know what happened — that’s smart business. We’re not talking gossip around a kitchen table, this is money. Especially after what happened with Paragon Coin, which is headed by the former Miss Iowa Jessica Versteeg who then teamed up with infamous rapper The Game. Not that they are shady people at all, I just don’t want to happen to HempCoin to what happened with Paragon Coin.
Early Saturday morning the volume of HempCoin hit one million. Fifteen hours later it falls to 225,000…? What? Is that normal?
Unfortunately, yes. As shady as it may look, an investor (or investors) decide to sell a huge stake of HempCoin this may in fact affect not only the volume, but the market cap and its price of value as well.