RATE Group | Obscure Cryptocurrency Mindol Pumps its Way Up Market Cap Rankings, But Why?
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Obscure Cryptocurrency Mindol Pumps its Way Up Market Cap Rankings, But Why?

16 Dec Obscure Cryptocurrency Mindol Pumps its Way Up Market Cap Rankings, But Why?

Posted at 20:20h in Cryptocurrency News by

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CoinMarketCap is suddenly showing a little-known cryptocurrency as the 17th largest by market capitalisation. Mindol (MIN) is an obscure project apparently aiming to promote Japanese “geek culture”.

There has been little news reported that might account for the epic price gains the digital asset has seen over the last few weeks. This has caused market observers to conclude that the price runs are nothing but an apparently large pump-and-dump.

Cryptocurrency Mindol Surges into Top 20: The Next Big Thing or Pump and Dump?

If you visit popular cryptocurrency market capitalisation comparison website CoinMarketCap today, you will likely be surprised at the top 20 assets listed. In 17th position, after gaining more than 20 percent in the last 24-hours, is Mindol (MIN).

Observers have been left scratching their heads at the sudden price surge. The cryptocurrency traded at less than 30c just weeks ago. Around November 6, it started pumping in a series of erratic moves that have taken the…

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