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RE: Research coins exploding! CMN video explains why: GridCoin, PrimeCoin, FoldingCoin, CureCoin
This branch of coins recently blew up on Polo due to one reason.
Pump and dump.
A team was hyping those coins in typical pump and dump fashion. You can see that all three of those coins followed similar paths. The team of pumpers were buying some at first on the sly then gradually pumped and hyped, got others not part of the team to get in on it seeing the 300% growth and wanted to jump on the train. Then it was dumped at the top a bit, then repumped a bit later to get more of the FOMO "investors". Then it trickled away gradually eating up the remnants of those "investors" as they could see they had been scammed.
Just another day at the races.
Show me evidence of this... Otherwise your accusations are baseless. These science coins often see surges of interest from science communities. Although pump and dump occurs, if your claim is so obvious then who, and where on the net did they promote? Due to relatively liw volume it really just takes one board philanthropist to make these spikes occur.
I've been watching Poloniex religiously over the last two weeks and watched them do their typical hype pump and dump routine on Curecoin/Gridcoin/Foldingcoin/and one other that slips my mind at the moment. You could look at the graphs of the coins in question and see a flatline building up slightly at the same time, to a slightly larger bump then to a huge to the moon pump over a very short time all coinciding with the hype team in the Trollbox extolling their virtues in sequence. Hype and pump > dump a bit to get more suckers to buy in high, buy on a dip, then pump again catching some FOMO, then the last dump and gradual decline as the group finishes selling off. Then move to the next coin and do it all over again. That group made out like bandits.
I think Folding was the first coin that was pumped, then Curecoin, then Gridcoin. Those 3 coins all went up by some 400% or something absurd then gradually declined and the hypesters disappeared eventually and poof... The bagholders were left baghodling.
I'm not saying that the coins in question aren't worthwhile. Just that in this particular case at the time I mentioned, there was as an obvious a pump and dump as I've ever seen. Clearly orchestrated by a team that knew what they were doing.
If you want proof, I think there is a log of Trollbox comments and there is obviously the charts of those coins in question that you can inspect.