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http://i68.tinypic.com/2nao7zq.png

https://twitter.com/sumokoin/status/939393331473338373


Ok - privacy coins seem to be doing extremely well as can be seen with Monero, Verge among others.

I saw a super low cap called sumokoin that is gaining attention.

What do you guys think?

The potential could be huge here if it can follow the direction of the others.
A little could go a long way here.

Yes, privacy coins will get all the attention in 2018.

I like Sumokoin because it is a mineable coin, but as a privacy coin, SpectreCoin XSPEC offers the untraceable properties of Cryptonight-based coins, such as Sumokoin and Monero, but also Tor obfuscation.

SpectreCoin also has great community support and marketing strategy, which recent efforts over just the past few weeks have been reflected by the rise in price. Despite this, the coin is still very low in market cap compared to other privacy coins such as Verge and Monero.

Getting some SpectreCoin and Sumokoin could be very promising.

Nice - i guess a little investment in each is a good strategy. There is also deeponion and hush with low caps too.

As you said, privacy coins are performing really well and we've seen what's happened with XVG the last days, if it can perform anything like that then there could be some great returns available for investors. One thing that does worry me while briefly looking on CMC is the low circulating supply compared to total and max supplies.

This has a CPU miner right?  I believe I have mined it.. Hard to keep track of all the coins right?  I think I have a mining BAT file for most coins.. It's a sad existence for a crypto addict :(

The total supply discrepancy is funds for the development team which is understandable.
The maximum supply will take many many years of mining to unlock so that is also not a worry.

I was looking for a low cap coin as of late and was unable to find one, ty for the tip. Privacy coins are no doubt going to outperform most of the other coins around in 2018 this coin is no different.

Whats the meaning "privacy coins"? I have seen this definition in several places.
Can not anyone buy it? or it just un-mined coins?

With all the presentations above this is presented as better than Monero coin, true the privacy coins are doing very well but the issue here is who is using them, most people still believe in BTC than most of them

Privacy coins have blockchains that are immune to analysis. Unlike Bitcoin, Litecoin and other BTC clones.

What that means is that no one can know how much you have in your wallet, who you sent to or received from, or any of your addresses. Some privacy coins also have IP obfuscation as well so that no one can know which IP you sent from.

1000x gain in 2018 or 2019 seems possible, I don't know how serious their team are but it can really rise like monero or verge. But that will not happen just as it is a privacy coin

Sumokoin is mooning now but still has such a low cap

if it reaches a marketcap of 200,000,000$ the price will be around 50$...  (this is a very reasonable marketcap this days... probably more in the next year with current market growing)

If it reached a really good marketcap, like for example Verge recently whos close to 2Billion (1.802.533.595), the price of SUMO at that point will be around 800$


So don´t think of it at 10$ goal... there´s space to go much further...


I hope they get listed in ZAIF or some high volume japanese exchange, that would start the boost

Understandable yes but still something that in time can limit how much the price can grow. Right now the market cap is based on about 1/4 of the total supply, in time the team will sell their coins for development and those coins will then be available on the market which can either push the price down or slow the growth. Either way still looks like a great buy, just not quite as good given that.

Privacy coins are the hot present and even hotter future. Public spaces are not free spaces.

Beware, seems like there will be BIG DUMP today.

I think people are hoping that sumo gets the gains that zencash got, I don't think it's likely though

With such a low market cap, there can be some HUGE return if sumokoin takes off. Even a "small" market cap of 50 millions would already mean 10x return !
But, such a low market cap also mean that it is still an unknown coin that can easily be forgotten.

It is amongst the most rewarding CryptoNight coin at this time, so every GPU miners knows about it. Privacy and anonymous coin are all mooning right know. If the team is good, the community will follow and so the price.

I would say: if you have 500$ to loose, buy some coins, and forget it for a year or two. You will have lost 500$ at worth, but you may have 50k as well.

it would be x5 in short period time when GUI Wallet support subaddress applied  ;)

This coin was a fork of Monero, am i right or not? Please correct me if i am not right.

Anyway, why you think that this will make a x10? are there any reasons behind that idea? There are already a lot of privacy coins. Like pivx, deeponion, zcash, and a few more.

It is a good coin but I cannot see the team on their website, I only invest in this coin if I am sure about the team.

wow buy order increase 100 % from 6 btc to 12 btc  :o

I am going to buy sumokoin once it dumps, being listed on cryptopia and livecoin shows that the team is serious on their project because it requires lots of money to be listed there.

Yes, it is a monero fork. You can find every infos about SumoKoin on their ANN topic:
https://bitcointalk.org/index.php?topic=1905086.0 (https://bitcointalk.org/index.php?topic=1905086.0)



Here is from their ANN topic again:

Core developers:

- Sumoshi Tanaka
- Haruto Tanno
- Bill Aue
- Vu Quang

both sumo and xspec need more marketplace,let more pepole know it.

Sumo is still the most undervauled coin despite the tech is clearly good and the team is delivering...
The problem is the marketing, they don´t seems to have funds to pay it or to list on more exchanges (entry the big ones is terrible expensive this days). But around July 18 the first premine with 650.000 sumo is unlcoked, that will let them pay for many of this things. Rising in crypto this days requires a lot of money.. That´s why everybody is on ICO or hardforks.... Sumo is still small but growing steady, like the good old projects.

https://ibb.co/hyoUpw

https://cryptocannibal.com/2017/12/28/the-massive-value-prop-of-sumokoin-a-corporate-lawyers-analysis/
https://thumb.ibb.co/hyoUpw/the_privacy_bubble.jpg (https://ibb.co/hyoUpw)

Sumoshi and Haruto stays in the background, but are on Git (https://github.com/sumoprojects/sumokoin/ ). Bill drops by Telegram(https://t.me/joinchat/F8RH2kPmFCnA-igHBKSCAA) from time to time, and Vu is there often. Vu also has a Twitter account.  Hope it helps you in some way. Anyone can make fancy presentations on a website.

Privacy is most important feature of course. But this coin has a very good community that builds up my trust in the future of the coin and amazing team that sticks to the schedule. Nothing you can see with other coins. The potential is still hidden as it may easily replace BCN/XMR/AEON thanks to huge support and market interest in priv coins. Lots of tools released from dev team and community implementing new features and fixing issues. I haven't seen such a nice project in years.

If you need privacy coin,you need buy Spectrecoin (XSPEC). This is most anonymous coin with  fully integrated Tor+OBFS4

Nope, it's not a privacy-coin, it has a rich list... one can search in the blockchain, so it's not anonymous at all. When you send me XSPEC, I can take your address, look up in the block explorer how much XSPEC there are in your account, with whom you transacted, etc... so totally not private/anonymous
https://chainz.cryptoid.info/xspec/#!rich (https://chainz.cryptoid.info/xspec/#!rich)

lol, sumokoin is a cheap clone of monero with a 10% premine which can be detrimental for privacy since one entity has lots of the output that are used for the ring signatures... It has no devteam whatsoever (4 people never heard of), no cryptographers doing scientific research, no community, no usecase, no nada... it's just a cheap moneygrab with the devs taking a huuuuge portion for themselves (10%).

I'd stay away if I were you, it has nothing over monero, best to stay with the real deal...

The thing is, there are SO many privacy coins. How many can we have? How many will succeed? Certainly not all of them.

Correct me if I'm wrong, but isn't Zcash the most secure because of zk-SNARKS? My understanding is that there is no privacy coin in existence that can compete with it.

Might be an interesting coin, and still very mineable with decent hardware.

Monero is the king at the moment. Zcash has problems because of optional privacy: https://z.cash/blog/new-research-on-shielded-ecosystem.html

there's a reason xmr is the new chosen currency on the DNM's....

lol, monero is a cheap clone of bytecoin with a community based team that needed 3 years to get the mcap that sumo has in 6 months

Thanks for that link. Very educational read.

Ah yes, because marketcap is a measure of level of privacy... Maybe let's talk about utility... any place where sumo has some actual utility?

You must be very new in this space, yes?

not sure what is wrong with communitybased... have you heard of bitcoin? the oldest and most valuable crypto?

monero forked from bytecoin because the latter was an obvious scam with an 82% premine they tried to hide...

Why is SumoKoin not listed with WorldCoinIndex?

Good luck with your one man campaign against sumo posting the same crap in various threads.  If you actually devoted the slightest effort to researching sumo you would see the super quick development of the past few months and a passionate growing community.

I also watched over sumokoin for a long time. I also invested in it and gained a lot of profit when it was trading on commercial sites. Sumokoin is a prominent private money security for investors. In the past few years, it has risen sharply and is now stable.

Good luck with your 4 man dev-team that just copied code from another coin, that don't know the codebase, that don't have cryptographers, that start off with a huge premine of 10% which is detrimental for privacy in cryptonote, of which the roadmap doesn't show anything new except some 'wallet' and 'mobile privacy' (what is that anyway), with no utility anywhere whatsoever...

super quick development, all they do is copy things from the xmr-github?

lol, another 3-month-old account telling me about 'super quick development' and 'passionate growing community'... as if you'd know what that is... by all means, piss your money away, I've seen it all before in 2013...

good luck

mobile wallet officialy released guys

check main thread bitcointalk of sumokoin  ;D