Horizon [HZ] Price Speculation Thread

I've opened up this thread because Horizon just jumped up on daily volume that's been the biggest all year:

Now as you can see, the price action of HZ hasn't been all that good in 2016 - until today. It's been an under-the-radar coin, as also shown by the chart's volume. The latest 24-hour volume is the highest for the entire year-to-date, and it's only 5.9 Bitcoins. Given the now-recurrent but still alive Poloniex pumpathon, I wonder what's up.

I saw nothing about it in the Polo trollbox. There's no news on Horizon's official announcement thread today, either.

Any guesses? Just to let everyone know, I do HODL a lot of Horizon. That said, I've been far more of a net buyer than a net seller this year.

Since I made that original post, the Horizon action has certainly picked up - more volume-wise than price-wise. For perspective, here's a screenshot of Horizon's all-time performance on Polo. This chart goes as far back as the beginning of June 2014!

Daily volume has hit almost 20BTC, which is huge for Horizon. The last time its daily got that high, a pump was coming to an end.

That's quite different from now. The price change is a little wee blip on the chart, signifying a possible turn of the tide after a long downward slide - or maybe not. It could have just become a pumpers' plaything.

In fact, the pumper-plaything reason is probable: quite a few low-volume also-rans have been pumped recently: some quite furiously. As I write this:

Aiden - ADN - is up more than 1300% on more than 400 BTC volume
Gapcoin - GAP - is up more than 200% one more than 75 BTC volume
Coin 2.0 - C2 - is up more than 270% on more than 35 BTC volume
Moneta Verde - - is up more than 225% on more than 20 BTC volume
Silkcoin is up more than 43% on more than 7.5 BTC volume
Cryptogrphic Anomaly is up more than 60% on more than 5 BTC volume

Polo's list will show more like the above. It looks like some of the pumpers who've been taking money out of the biggies (ETH, BTS, FCT, and more recently SYS & DGB) are looking down the Polo list and pumping coins that have been also-rans...until now. That's the most sense I can make of it.

i do also think that some pumpers just trade with themselves to get the volume up to move to coin up the trading list on polo. hopefully some real buyes come and move the price

Quote from: Nxtblg on March 18, 2016, 07:02:36 PM

...have been pumped recently: some quite furiously.

Yes, I noticed that too.

Funny pattern when you see them all on top of each other:

Feel free to retweet.

Quote from: xchrix on March 19, 2016, 08:16:03 AM

i do also think that some pumpers just trade with themselves to get the volume up to move to coin up the trading list on polo. hopefully some real buyes come and move the price

Nice thought, but it looks like that ain't going to happen. Undecided

If the recent pump marks a turn of the tied, it's still going to be a long slow climb.

Here's the latest:

If you took my earlier hint, lucky you.

If not, I understand - I myself didn't take the turn-of-the-tide signal all that seriously. I looked at the sellbook and thought, "long hard climb."

Anyhoo, Horizon is clearly back from the "dead." Uptrend is clearly in place.