I want to talk about the coin tanking my portfolio today because the reason why it is doing so is so obvious! Well - I have recently invested a few 100 dollars in something called ECC. You can check it out at ECC.network. Well, anyhow, the hype, as usual, lead to a major increase in price, it was up 40% leading to some very good Blockfolio numbers.
There was a countdown on the page, they were launching a new web site.
Cryptomarket do what cryptomarked does best, hypetrain with moons and lambos on Telegram. I could not understand the fuss, It was just a new webpage and a new roadmap.
Anyhow - not, almost 24 hours after it is tanking, just as usual. The pump and dump groups have exploited it and now they are creating FUD because there has not been a wallet release? the wallet was never announced to be released. The webpage is there, the roadmap is there. But no-one understands they have been pumped and dumped. So they dump even more.
I almost want to buy more just for this bargain. OMG - but it is high risk high reward, and I don't want to risk any more. But I am back at entry now.