New crypto currency looking rise 2,000% price in next 15 days

a brand new digital coin is polarizing the cryptocurrency community after a big rate run-up stoked speculation that it may be a pump and unload.

the coin, known as steem, surged 20 fold in value in the past week, from round 25 cents a coin on july 8 to around $five on wednesday. it quickly installed itself as the world’s 0.33-biggest cryptocurrency, behind bitcoin and ethereum.

inside the span of much less than a week, steem has long gone from the 10th biggest cryptocurrency by way of market capitalization to crack the top three, surpassing ripple and litecoin, which have experienced their own growth-and-bust cycles.

cryptocurrencies are notoriously risky. it’s not uncommon to look buyers pile in to a new virtual forex, hoping to journey a speculative wave to a brief profit. often, the gains are unwound just as quick, as customers rush for the exits.
ethereum, the second one-biggest cryptocurrency, noticed its cost increase from approximately 50 cents a coin final summer season to a peak north of $20 a coin in june, before tumbling lower back to $12 a coin.

however steem sticks out due to the pace and magnitude of its upward thrust, and for its precise business model.