Good morning to all the Steemians, today I come to talk to you about a subject that caught my attention, which is nothing but that rise that Janus showed on Friday 12/01/2018 and the next day showed an abrupt fall of their prices.
As we know Janus is a relatively new service with a fairly little proven track record. His domain was subscribed on May 7, 2017. Its official website provides a lot of information, because it's just full of fashionable words and still unproven statistics. Looking more a commercial than an informative page.
This information had already been previously exposed in the saga of articles that I called the rush of the day I invite you to read.
Given the information you notice the dubious provenance of the data of this new cryptocoin and you would never expect such a fast increase of a coin completely unknown, so it took everyone by surprise. Doing a short count for the 10/01 day. Janus had presented a fairly aggressive growth of more than 500% by that time its cost became $1.44, in previous dates did not arrive or to $0.1 as shown in the following images exhibited in the article of my authorship:
Until you reach the day 12/01 where you break your growth record by reaching a maximum value of $22, as shown in the following tables and charts:
And for today 15/01 its value is just $0.16, as shown by the tables and charts taken from the Coinmarket page:
In short what happened these days is known as a niche market, which in a nutshell is an entity or investor, which sees a new market and creates a demand that knows that the producer can not cover, making its price increases in huge proportions. Creating a fictitious demand for the growth shown.
In this case, it was presented in with the NXT token before receding slightly.
This makes us believe that because it is an almost unknown currency, without presence in social networks and without real demand. The rise presented in those days before mentioned, is nothing more than a unique experiment, which does not say anything about the potential of the cryptocoin.