So Emercoin was a pump and dump?

[P0rny]

I mined a few emercoin a while back, I saw the coin rise and then just go flat... is it confirmed that Emercoin was a pump and dump or do the coins I hold have any value?

[asriloni]

I'd like to call it a scam token rather than PnD token. It's very obvious that the reasons are very clear to call it scam tokens.

1. Emercoin has zero daily trade volume.

2. It's only trading on a scam exchange site like Yobit.

In conclusion, Emercoin was a scam token, and it's dead as it has zero trade volume. It's not even pump and dump token anymore.

[betswift]

The coin itself and the main info about it can be checked on CoinGecko and resources like that. From the look of things, as the asriloni already mentioned - there is no trading behind the coin, like, at all ($0.2548, to be exact). It's better off to get out with the possibilities you've still got and find some others projects to invest your time on. NFA, DYOR.

[Abiky]

I mined a few emercoin a while back, I saw the coin rise and then just go flat... is it confirmed that Emercoin was a pump and dump or do the coins I hold have any value?

I wouldn't call it "pump and dump", but more like "abandoned project" (where development came down to a halt). Those who end up having worthless coins in their wallet are doomed (bagholder). It was a nice project, but as with anything, it needed innovation to stay ahead in the game. Old projects usually lose their luster (except for a few ones) as people move on to the next big thing in crypto.

Emercoin (EMC) had its own domain name system like Namecoin, a decentralized TLS, and more. What I liked the most was the hybrid PoW + PoS consensus algorithm. Back then, the project was overhyped because of the Microsoft Azure partnership. I guess all good things come to an end. At least, the Blockchain is alive. Maybe it will get developers' attention sometime in the future? 

[nutildah]

Emercoin had a brief reinvigoration of interest in 2021-22 due to the "Historical NFT" movement. The domains people created in the early days of the chain are now considered to be among the 1st non-fungible tokens (even if they're not technically tokens). Without any other kind of use or community, it is relegated to being a chain that hosts these historical oddities.

[wxa7115]

I mined a few emercoin a while back, I saw the coin rise and then just go flat... is it confirmed that Emercoin was a pump and dump or do the coins I hold have any value?

Just take a look at what happened and come to your own conclusions, the coin dates back to 2014, it pumped aggressively during the 2017 bull run, it crashed during the bear market of 2018 and since then it has not recovered.

So it should be obvious at this point that this coin is never going to recover, especially since its current volume is only worth a few dollars, which makes it painfully obvious that no one really cares about this coin anymore.

[X-ray]

well one thing for sure is that it's a dead coin.



a coin so deprived of any exchange listing that the trading volume for 24 hour is as low as 3 cent, the fully diluted valuation and market cap means absolutely nothing in this case.

[betswift]

I mined a few emercoin a while back, I saw the coin rise and then just go flat... is it confirmed that Emercoin was a pump and dump or do the coins I hold have any value?

I wouldn't call it "pump and dump", but more like "abandoned project" (where development came down to a halt). Those who end up having worthless coins in their wallet are doomed (bagholder). It was a nice project, but as with anything, it needed innovation to stay ahead in the game. Old projects usually lose their luster (except for a few ones) as people move on to the next big thing in crypto.

Emercoin (EMC) had its own domain name system like Namecoin, a decentralized TLS, and more. What I liked the most was the hybrid PoW + PoS consensus algorithm. Back then, the project was overhyped because of the Microsoft Azure partnership. I guess all good things come to an end. At least, the Blockchain is alive. Maybe it will get developers' attention sometime in the future? 

I agree, that would be a good ending for a not so good story, so to speak

[Abiky]

well one thing for sure is that it's a dead coin.



a coin so deprived of any exchange listing that the trading volume for 24 hour is as low as 3 cent, the fully diluted valuation and market cap means absolutely nothing in this case.

Dead or dormant? It's only dead when the Blockchain stops working (nodes and miners/stakers stop supporting it). The only thing that happened is liquidity/volume (and price) went all the way down the drain in an instant. This is because most top-tier crypto exchanges stopped supporting the cryptocurrency. It will be difficult to buy/sell EMC on the traditional centralized market. But you can always trade P2P or in-person (Face to Face).

Development activity for the project came down to a halt, so EMC is pretty outdated compared to the rest of the pack. Anyone can continue working on it, thanks to its open source nature. If there's enough interest in doing this, of course. With all the buzz surrounding NFTs, smart contract platforms, and AI-based tokens, the odds for a "revival" are pretty slim. So holding EMC would be at your own risk.

[nutildah]

well one thing for sure is that it's a dead coin.
...

Dead or dormant? It's only dead when the Blockchain stops working (nodes and miners/stakers stop supporting it).

Exactly this. Its not dead, just un-used and illiquid.

I tried to explain why it will never totally die in my first post in this thread.

[Kelward]

well one thing for sure is that it's a dead coin.
...

Dead or dormant? It's only dead when the Blockchain stops working (nodes and miners/stakers stop supporting it).

Exactly this. Its not dead, just un-used and illiquid.

I tried to explain why it will never totally die in my first post in this thread.

Dead or dormant doesn't matter to a bagholder of EMC, what will matter to them is that the crypto is worthless as it is now. What good is it to them when there's no activities on it's Blockchain and who knows when a revival will happen or if it'll ever happen. The developers have probably moved on to other projects and are focusing all their innovations there, so we'll just have to wait and see what will happen to Emercoin, whether it will kickstart, remain dormant or become dead. Investing in altcoins is gamble, investors should buy them with the amount that they can afford to loose.

[Abiky]

Dead or dormant doesn't matter to a bagholder of EMC, what will matter to them is that the crypto is worthless as it is now. What good is it to them when there's no activities on it's Blockchain and who knows when a revival will happen or if it'll ever happen. The developers have probably moved on to other projects and are focusing all their innovations there, so we'll just have to wait and see what will happen to Emercoin, whether it will kickstart, remain dormant or become dead. Investing in altcoins is gamble, investors should buy them with the amount that they can afford to loose.

If you're into crypto just for the money, then yes, your EMC holdings would be worthless. But for me, tech/utility is what matters most (although I admit there wasn't anything innovative about Emercoin). Eventually, some developer (or group of developers) will pick up the project where the original developers left off. That's the beauty of open source.

I agree that altcoins are a gamble. Especially if you depend on them as some sort of long-term investment. You'll never know when exchanges (or devs) will stop supporting the altcoin of your choice. It's important to pay close attention to the market to help determine when you should cash out for profit (and avoid being left holding the bag). Just avoid investing more than what you can't afford to lose, and there should be nothing to worry about.