Ever wanted to invest in Einstein? 'HIS' coin is going crazy recent weeks!

1. A brief introduction to Einsteinium coin
2. Why the coin to the moon and may even go beyond it?
3. Upcoming Hardfork: Wallets and Exchanges

What is Einsteinium?

Some years ago (2014) a new currency was launched with the name Einsteinium, or in short emc2 (website here). Those who are a bit familiar with science, will recognise the famous formula defined by Einstein. Energy = matter times speed of light multiplied by again the speed of light.

Einsteinium has the aim to fund scientific projects, new forms of automation/IT, and crypto projects. That makes this coin a more or less philanthropical one. A foundation is setup which receives 2% of all mined coins. It is this foundation that released the coin Einsteinium.

This is what they write:

"Scientific research it is a long-term investment in our future, and the future of our planet," the foundation claims. "Funding around the world for the ‘big ideas’ has fallen dramatically in recent years. There are no restrictions on which projects are eligible but they must have science involved working to push our understanding forward, and strive to build us a better, safer and more stable future.

Reasons for Massive Price Increase?

Those who saw the massive price increase, may like to get a piece of the action. I cannot advise if it is still wise to buy into the coin for trading, but I can tell you that today I done a trade in about 2 hours that gave me a solid return of 15%.

Maybe the coin value will increase a lot more still, maybe not. Reasons for the coin doing very well in recent weeks are probably a combination of the following events:

• Some announcement will be made this month at December 17th
• Hardfork will happen (in 3 days from now) - this one was suppose to happen back in October but got postponed- BTW, it seems most of the miners agreed with the hardfork, which essentially tells is the coin and the hardfork is valued by those who run the network, the miners
• Increase of mining difficulty
• Coins will be burned, as far as I know around 25%
• Market Cap and Trade volumes are super high lately, and therefore gets the attention of more traders and investors, resulting in even higher trade volume, and maybe also the increase in price

image: screenshot from Bittrex || 22nov17 1,672 satosi || today 19,626 satosi

Hardfork: Wallets and Exchanges

Some rumours are flying around the internet that the coins need to be away from the Exchanges when the hardfork happens, but this is not the case at all. Einsteinium writes:

Dear Einsteins,

We are happy to announce that Poloniex supported the EMC2 FORK, and they are now running new nodes (wallet version 0.13.48.0 - Excalibur). Bittrex and others are already supporting it.
Most of you are aware of what this means to us and how important this event is for Einsteinium coin. If you have any questions feel free to ask us!

If you keep the coin in a local wallet, you need to upgrade this one before the hardfork happens (link here).

And Now?

I may check the coin later tonight and coming days to see of a trade is still ok to do. I do not plan to invest before the hardfork happens!

Whether you plan to buy/sell, invest or trade with Einsteinium, I wish you a lot of success with your decision.

NJOY

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