Scam project. There is a big report on another site about how this project is just one more created by a group who makes new coins every three months. I guess that's why the price is going down. Hopefully nobody got sucked in by this $hitcoin.

This is a scam project run by a team of serial scammers. The main guy is Indian and has multiple accounts and aliases and has no real knowledge of Blockchain technology except that he can make a quick dollar from getting new investors. His resume includes failed projects DIX, RSTR, HTZ and now this one. He is a member of pump and dump groups and recruites teams to pump his projects and dumps on investors.