Dear Viewers,
Recently there's been a HUGE BUZZ on SmartCash Discord for 900 SMARTCASH NODES Stolen. The story goes, an employee ran 900 smartnodes and got hacked. Is the news correct?
The significant price drop is being reasoned for the stolen smartcash nodes. As the Head Lines of SmartCash is being known world wide more investors are running to gather Smarties!
On the other hand, the price drop for SmartCash can also be speculated due to a most recent budget being approved for SmartCash. This can be viewed in SmartHive Governance Portal. Here are some of the details below:
Investment: $356,000 paid out over 6 months
Payment Dates: Aug. 1st, 2018- $59,334.00 Sept. 1st, 2018- $59,334.00 Oct. 1st, 2018- $59,334.00 Nov 1st, 2018- $59,334.00 Dec 1st, 2018 $59,334.00 Jan 1st, 2019 $59,334.00
When this matter was discussed in pricetalk at discord, Andrew clearly shared a link where you can see 200 smartnodes were broken up in a block! Here's the link: https://rpcexplorer.smartcash.cc/block-height/572798
So What's the reason for SmartCash Price to drop? Feel free to share your feedback and comment below. don't forget to subscribe for more info!