Storeum, a relatively unknown cryptocurrency, has surged more than 350% in the last 24 hours, pushing its market cap above $300 million. However, the pump happened with a volume of just $40,000.
Storeum is a blockchain project on Ethereum that claims to be the world’s first decentralized, peer-to-peer marketplace. After its launch last year, the project mostly traded below $0.10. However, a sudden interest in the token has sent its price soaring above $2, gaining more than 350% in the last 24 hours. On CoinMarketCap, it is the 29th largest cryptocurrency with a market cap of $309 million as of this writing.Check the full news hereThis one tells me that the only way for tokens to get pumped is if a certain whale or big buyer is interested in the project. Looks like Storeum holders are lucky today.
I know that there are lots of shitty projects out there who thinks that their latest “partnerships”, product developments, announcement of their newly-appointed “big name” advisor would help pump the price. The truth is that it won’t likely happen.
It’s pretty simple. Simply pitch the project to the buyer or investor, convince him about the benefits of buying and holding that token and close the God damn deal!
I know this cannot be duplicated by shit projects because of not having a strong real use case and benefits in holding those shitcoins. But if the project, however, made great progress in their roadmap and always provide transparency to their community, there is a chance for interested buyers or investors to hop in.
In other words, the product or MVP itself must be strong enough for buyers or investors to be convinced in buying the tokens. Plus, the projects must have strong pitch decks (along with our strong pitching skills too).