Bitcoin Forum

Hi guys,

Anybody knows what the heck is this coin and how can it rise for so long? It started on September 4th, it was worth $0,0347. It was growing every day and today, it reached $1.

I can't find any info about it, wtf is that? Is it just pump&dump? But how can it rise for so long then? I was considering to buy some when it reached $0,2 a few days ago but thought it will go straight down soon :(

thx

I can't give you idea about this particular coin, but I can give you one idea using which you can easily judge if it's a organic growth or just pump & dump game. This idea can be applied for any ICOs,

Look for stimulus - see if the ICO has recently signed any deal with a very well known company for providing some services to that company. Understand if that deal is financially beneficial for the ICO. Verify the same from the website of that company who purchased the service.

The stimulus can be different as well. But what you have to look for, is that stimulus is financially beneficial for that ICO or not! If yes, then the price increase makes sense! Otherwise, it's simply a pump and dump game from the whales!

I saw on their social media there are no good news about this token
Lastest Twitter and Facebook post just about their weekly development report

https://twitter.com/molecular_cc/status/1107526392906809344

https://www.facebook.com/MolecularFuture/posts/495397837864689

I can't look into their chatroom because they are using WeChat and Weiboo which is I don't use it, also they not using telegram.
Seems it just pure Pump&Dump scheme by some Pump&Dump gangs

really surprising to see there are projects very unknown yet listed to a very reputable exchange like Okex. this looks like a Chinese or a Korean project which is why its uses WeChat and Weiboo, very isolated team there but there has to be something of a channel for English and not even an ANN thread here. it won't be long though its going to be dumped soon.

Most likely, this is just a pump and dump. And it can continue for so long because there are not enough volumes to trade.

I think it went up because of this https://twitter.com/OKEx/status/1171334418948120576
there's an event happening in Okex, if you are buying it you will get up to 50% rebate the more you buy the more you will earn. Honestly speaking, this will not last long. It is a pure pump and dump attempt to gain more popularity. I recommend you to stay away from it

Sounds like a manipulated coin because you said you can't find much info about this coins and it reached 5 times price in very short term then you have to be careful with this trap.

it just another pump that has already created by the whale. Remember not only molecular but you can find another coin that was doing the same like molecular and there was no a lot of buy orders and also a lot of spread in the buy orders.
This is just another pumping scheme and you can wait for a few weeks later and then you will see the price will be dumping again by the buyers.
This is an old scheme.

Well, it did not come from the whale but instead, it is all because of Okex itself. From what I heard, you can get a discount for half of the price if you are buying the MOF on Okex exchange. Let's say the price is around 0.05 $ before the pump, even if the price goes up to 0.1 $. You will only need to pay the price by around 0.05 $ if you are buying it at 0.1 $.
that means you will get an insane profit if you are buying it before the price double, right?

Volume today: 45.680.918 EUR - so this does not look like scam ???

So was it a scam?

i don't really know about this coin,
but look like the volume is good enough and today the price from this coin growing about 40% too

https://i.imgur.com/i6WPng7.png

anyway this coin already tradeable on several exchange too
https://coinmarketcap.com/currencies/molecular-future/markets

it is in the middle between ATH and ATL, and traded on OKEx and Bittrex, which are reputable exchange, development progress should be checked for the coin, this rise is too fast, but does not have to be a scam