Yet again, E-coin (ECN) experienced substantial gains today, increasing by as much as 2,399%. This trickled off to 1,141% and is now 179.26% up based on the past 24 hours. The coin is currently selling for $65.57.
This is the second time E-coin saw an extreme leap in percentage gains. A few days ago, on Tuesday, the token rose by 4,549%, a staggering amount for any coin. At that time, E-coin’s price was almost $300. Not even a day later, the coin lost all of its growth, returning to a $3 rate. This has led to speculations about the token being a potential pump and dump scenario. The sporadic jumping certainly makes me wonder how trustworthy this coin actually is.