Oh man, this one really came out of left field. Artos, the developer behind stablecoin that mysteriously vanished 5 months ago, has returned and is bringing the coin back from the dead.
If you asked me 5 months ago, I would have told you that stablecoin was one of the more promising altcoins of it’s time. Spearheaded by a competent and articulate developer with a clearly laid out game plan, I had my bets on it becoming a major player in the scene. Alas, that did not happen. Artos vanished, and with that, stablecoin faded into obscurity.
But why? What happened to artos during the past 5 months that caused him to abandon the project? It’s anybody’s guess as he only provides us with a vague statement:
“I’m sure many were disappointed and confused when I vanished earlier this year, and StableCoin development grinded to a halt. My life’s been playing out like something out of a Hollywood movie. I do not want to talk at length about the situation at the moment, but it’s been a very harrowing experience. I’ve been disconnected from the rest of the world for the better part of 5 months and have had a lot taken from me.”
One of this coin’s weakest points was that it has a pretty big premine, supposedly for use in a coin mixing service. As part of the rebirth of stablecoin, artos has destroyed the entirety of the premine. This is great news, and bodes great for the future of the coin.
This could quite possibly be the biggest news in the altcoin scene this year. In part to artos’ disappearance, stablecoin has bottomed out at a price of 0.00000400 on Cryptsy as of yesterday. Since this news has broken, some huge buy orders have been rolling in, pushing the price up to, 0.00000800, as of the time I write this article.
Stablecoin itself is a relatively scarce coin, with only about 6 million of them floating around. That considered, the current price on cryptsy is still egregiously underpriced. A short term price target of $0.50 or even $1.00 is very reasonable, judging by similar coins on http://coinmarketcap.com. At the moment, each coin is still under a penny… So there’s plenty of room for it to grow.
Expect explosive gains in the coming days.