Ethereum Dark (ETHD)
Two day's ago I bought Ethereum Dark ETHD for 22,500 Sat and sold my position yesterday at 25,750 Sat. It is now currently trading at 40,497 Sat ($1.71).
The positives would be the growth in Market Cap within 48 hours from $1.5 Million to $2.5 Million today with 24 hour trading volume currently peaking out at $1.4 Million.
The name Ethereum Dark also has brand recognition which will go a long way - with similar comparisons to Bitcoin Dark which is currently trading at $92.51 - with both coins featuring similar circulating supplies. Many will try to draw this comparison to base ETHD as a coin for the future.
In hind sight I should have held my position a little longer and ride out (what I believe to be) the pump on this token; one of my major issues in supporting this token was the following;
- Bittrex Launch announced by developers but since proven false
- No news from main developer since Twitter Tweet on 27th September
- 2x Airdrops still inbound
- No Official Whitepaper and the original which has since been scrapped was flawed
- Top 10 addresses hold 50 % of the total coin circulation and the original distributions were quite heavy
For a coin with a name like Ethereum Dark and to be completely based on Bitcoin, not Ethereum also raises alarm bells for me - there's no information on their website about their team members and other than the branding of this coin; can anybody really share with me the future prospects of this coin?
This coin will no doubt hit new highs (the branding alone will do that); but there needs to be a lot of caution around when your exit point is. In the likely event that you can trade out 50% of your position to cover your initial investment and ride out the other 50%; this would be my stance especially if it pumps to $10.00 a coin.
Conclusion: A risky trade that could return some tasty gains in the short term if you got in early enough.
Be sure to check out the thread at BitcoinTalk here: https://bitcointalk.org/index.php?topic=2106405.0