Bitcoin Cash is winning but MinexCoin is championing (for now)

Turbulent times in the cryptomarket! While Bitcoin seems to suffer from canceling (or maybe postponing) the Segwit2x implementation, its offspring, Bitcoin Cash (BCH), has increased in price with an astonishing 50% in the last 24 hours.

But in terms of bullish price movement, BCH is not the champion of the day. In the top-100 cryptocurrencies (qua market capitalization) we can see that MinexCoin deserves that title:

Screenshot taken on November, 11th, 22:00 (UTC+1), source: https://coinmarketcap.com/

I didn't see this coin before, so I checked the official website, https://minexcoin.com/. One of the most interesting features this coin has to offer is a kind of central bank function:

"Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank."

As a means of payment, a currency should preferably have as low volatility as possible. It is basically a law that volatility decreases with increasing market capitalization, because the action of one actor will have less impact on the bigger whole. Nevertheless, it is interesting to see that MinexCoin proposes an other solution for the volatility issue. You can download their whitepaper here: https://minexcoin.com/html/download/wpeng.pdf. It will be interesting to see how this solution works out!