Among my various watchlists is one I call Top Gainers.  Every day, more or less, I add one or two of the highest-gaining assets over the last 24 hours.

A week ago today, I added one called Oxycoin, or XCN.  It is an “infrastructure for a multi-asset, shared, and cryptographically secure ledger.”

A week ago, it was up 81 percent over 24 hours.  Its price was $.0054. That’s roughly half of a penny.

Today I’m adding it again to my list.  Because again, it is among the day’s top gainers, priced at $.0241.  That’s not quite five times its value a week.  And again, a week ago it was up 81 percent for the day.

If I’d invested $100 in XCN a week ago, even at its then already inflated price, my position now would be $446.  That is a 346 percent gain.

Its one-year chart looks like this.

I am reluctant to infer any lesson from this. Except to say that sometimes a first move upward is the start of something bigger.

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