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January 01, 2015, 11:29:41 PM |
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Does anyone know more about this coin? It's a top 15 coin and is ranked just under Namecoin at 7th place on CMC when significantly premined and non-mineable coins are filtered from the list. Despite the relatively high market cap, there doesn't seem to be a lot of information or discussion about it here. I can't find an active [ANN] thread either. According to CMC, the coin's official site is Ybcoin.org but that site doesn't work for me although Ybcoin.com does. Now according to that site, Ybcoin is a fork of Yacoin intended for the Chinese market. It uses scrypt as its hashing algorithm and most of the features seem to be shared with other cryptocurrencies.
The 12 month chart looks very unusual too and I don't think I've seen a coin do that before. Its market cap started dropping in the beginning of the year, reached a bottom during the middle of the year, and then shot back up to where it was at the beginning of 2014. Very unusual. The coin has reasonably high volume too so there seems to be a lot demand for this coin and a lot of buying and selling going on (most of it is on an exchange called Yuanbaohui which I've never heard of before).
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