Global Jobcoin (GJC) whats going on? 6500% increase

[bazzoonah]

can someone explain whats going on with DJC
https://coinmarketcap.com/currencies/global-jobcoin/#charts
sudden increase and crazy marketcap
what is this exactly???

[bazzoonah]

any clue

[heritage35]

I hope it is not like to be a pump and dump coin. The same thing i observed recently as regards E-coin. There was a great pump, but look at the historical data or the chart today, it has fallen tremendously. Most coins in these category are mostly pump and dump coins. Although i might be wrong, but let us see what happens at the end, after a huge pump.

[heritage35]

I just looked at it critically again, the price seem not to be totally different from what it was when it was first lunched. The differences in the prices arenot that enormous.

The coin is even listed in just two exchanges with almost the same price, unlike what happened to E-coin. E-coin was low on C-Cex, but higher on  Coinexchange when compared.

[zenhu]

Its just simply pump and dump, from 0.3 go to 80 back again to 0.4 usd. and as you can see the volume is pretty small, just around 6k usd

[heritage35]

The price figures on the chat seems to be different from the price figures on market. What could be the reason behind this. Well, i think this requires critical look. Any other person can as well do the analysis so that we can learn from their wealth of knowledge.

[yomarve]

Pump and Dump is equal to lose of funds which could cause investors to lose trust in a project. This practices are terrible as they destroy people's investments. A sharp rise followed by sudden fall. Stay away from pump and dump.

[yura_878]

can someone explain whats going on with DJC
https://coinmarketcap.com/currencies/global-jobcoin/#charts
sudden increase and crazy marketcap
what is this exactly???

Pay attention to such an indicator, such as volume, everything is clear that it's a shitcoin. Easy pump and dump