Bitcoin Forum

I am a bit familiar with this project and I was surprised it pumped over 300% today based on https://coinmarketcap.com/currencies/credit/markets/.
May I know the reason of the pump, if anyone has followed this project, please share your inputs.

Circulating supply is only 95,083,315.00 CREDIT, below 100 m but the price is only $0.002 now.

They have an official thread but it's not updated anymore.

https://bitcointalk.org/index.php?topic=3375263.2520

I also would love to know the reason for this pump, but I suspect, it's just market manipulation because if you look at the trading volume it's only below $100k, so nothing significant really happening in this project.

It's a low volume coin and it's really prone to pump and as well as dump. By the looks it have if you zoomed the chart, it's almost dead.
If you get some gains as it pumps, you have to take your profits already. You don't know what's next with this coin which doesn't have an overall chart.

Not really any point in following these projects imho.

Credits have been around for a long time and was initially listed exclusively on Yobit. It has virtually no functionality.

Just understand that some of the pumps are not explained by rational reasons. But rather they may be targeted by pump & dump groups, for instance, on Telegram. This is nothing new that we haven't seen before.

nothing surprised here because i did not see pump for any good news out regarding this project.
i see credit listed in two exchanges bitforex and hotbit both of them very low tier exchange even those are using bot trading volume.
circulating supply is low, for that you mean credit is potential project?