Ranked ~590th and worth ~2600 satoshi on coinmarketcap. FCN was first introduced in 2014 and is based on cryptonite algorithm. In total there will be 18.4 million coins in circulation. A coin advertised to be anonymous and first ever merge mining coin. Merge mining basically means miners can mine FCN while mining another coin. Currently FCN can merge mine with Bytecoin, Monero, or QuarzarCoin.
The coin for this month have actually rose from 1200 satoshi all the way up to 3900 satoshi before settling at 2600. So why the rise? All I can gather is month of December was a ton of new money flowing into crypto in general making overall market cap hit 600 billion. It became a buying frenzy for all coins including FCN. Another reason maybe is recently Cheddur app listed the coin for users hence promoting the coin.
Beyond that there has not been any solid development of the coin. As a matter of fact since late 2014 the coin has no record of any further development. No one from the development team has showed any progress what so ever since. The coin had a history of being listed on exchanges such as Poloniex but now is only on Hitbtc. My opinion is this coin is a dead coin and although the coin is still able to be mined and traded, on one exchange, there is not much more public use of the coin.
There are so many cryptocurrency out there that some times you may hit one that is literally useless but still see it rise in value. In those cases sell fast and run away with your profits. No point in keeping a coin that has no new development to it and with limited use.
I mined this coin when I first started out learning Minergate. I liked the merged mining pools as well that are offered for Fantomcoin. It is nice to kind of piggy back mine this coin while I am "trying" to mine Monero.
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