One odd coin known as MINDOL with a ticker MIN has been making waves in the altcoin news today. In less than two months, the cryptocurrency managed to jump into the top 20 and left NEO, Huobi token and Chainlink behind.
MINDOL definitely has some characteristics making it part of a “pump and dump” scheme. However, its results lately have been astonishing. The coin’s current price of $4.71 is followed by a 24% jump only today and only overnight.
As the ETH news show, MINDOL (MIN) is an Ethereum-based token which is aimed at popularizing the Japanese manga culture which is in direct connection with the annual French festival “Cool Japan.” As such, MIN was supposed to be a festival-related asset but went beyond this perspective.
When it comes to crypto trading, MINDOL is definitely one of the biggest gainers. A fresh pump for the token is always a possible scenario – and is something that happened to MIN this week. The asset traded at a rather tame price of $0.28 on November 5, but is today worth around $5 following a series of serious pumps.
The altcoin swayed between a 27% rally almost every day of the week. If you are a fan of anime movies, you will find MINDOL’s website adorable as it is full of similar characters – made to promote the idea of “Cool Japan” on a global scale. But besides this, the project does not offer many other insights. As its white paper shows:
“MINDOL Project will be creating new content in the fields of “Cool Japan” – subculture and pop cultures such as animation, movies, games, cartoons, and music. In addition, we will manage and operate the project safely and securely, using blockchain technology.”
The team at MINDOL carried out a token sale in 2018 and held several music and anime festival events in 2019. On November 18, Bibox announced its MINDOL listing – and the news supported the upside momentum which has started at the beginning of November. Since though the true reasons behind the growth of MIN are still unknown, many are pointing out to a potential “pump and dump” scheme which means that traders should be cautious with this coin.
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