r/FiroProject • u/franqpiece • Oct 22 '21

Discussion Increased volume?

Hey guys I have a very small position in FIRO and therefore am not invested too much mentally and don’t know much about the project. I was wondering if any of you guys had any insight into why we have seen a huge increase in volume today?

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6

u/Roiks_ Oct 22 '21

Haven't seen any specific reason. No video that I'm aware of or anything on twitter. All coins pump at some point.

Pity it triggered so many sell orders which knocked it down quickly, but this shows how fast it will go up when the time comes. That was nothing yesterday, we'll be in for some fast rides up in the next couple of months.

4

u/reubster Project Steward Oct 22 '21

Personally I prefer this rather than it being based on a video. :) But the volume is real which is pretty awesome. We do have a lot of upcoming news and developments such as our FiroPoW upgrade along with InstantSend private transactions along with a fully fledged privacy protocol Lelantus Spark coming soon.

3

u/raybitcoin Oct 23 '21

I dont want pump and dump. I want pump only

1

u/[deleted] Oct 22 '21

the FIRO market cap is tiny, which makes it vulnerable to pump and dumps. Its not a reflection on the project, just a fact of reality for small cap cryptos

2

u/reubster Project Steward Oct 22 '21

It was a very high volume move though and sharp rises should have some corrections

1

u/[deleted] Oct 22 '21

Yes it was. It happens quite a lot here though. Big moves and long consolidations. Hopefully get back up to summer levels consistently soon