Not much to explain. It's a japanese coin. Not that's supposed to mean anything since the whole premise of crypto's is that it's supposed to be borderless but apparently the japanese feel patriotic given the fact that it's dubbed "the first japanese cryptocurrency". There's a huge pump atm but i don't think there will be a huge dump. I see this coin going up further. Could be a good HODL investment...
We all here believe in Bitcoin, but we have to be honest we are still a long way from Bitcoin and cryptocurrencies in general becoming more or less stable. Any tweet or article out there can either rocket the price or send it dropping fast. We have to accept the fact that these banking tycoons can make the price plummet fast by spreading their FUD. We need to hit a trillion marketcap and much more so if some whales decide to dump their coins it doesn't send the price in a free fall. But such articles sure are not helping in pulling in new buyers. We all know it's a very volatile market but it sure sucks to see your portfolio dropping 50% in value over the last 2 weeks alone with all the FUD... It is a big resilience test that's for sure. HODL is the only way people.