(ECH) 11 Chain Unleashed: Explosive Potential of Crypto's Hidden Gem!

[Music] open welcome to underground crypto here with another underground crypto for you today we're talking about a absolutely teeny tiny micro market cap gym uh I use the gym Loosely uh not every gym is worth a lot of money you know sometimes when you dig in the ground you might find like those plastic gyms that are like kids toys you don't even know so just cuz it's a gym I don't want you to get the wrong idea that that means that this is such a great project we're just covering it this channel is just about exposure to these tiny coins because you'll see them on here and who knows it might be a year later that you see it somewhere on coinbase or something and you're going to maybe even think to look back at this video and realize

it had $135,000 market cap and you're going to see it on coinbase and it's going to be who knows maybe two three 400 million market cap or higher and you're going to realize you could have made a lot of money on this or you might never see this coin anywhere ever that's always an option could be a rug pull not a financial advisor nothing I say or do should be taking his financial advice but we already know that right cuz I don't sound like a financial adviser to you do I all right so let's hop right into it without much delay um again we're on a g jix Market it'll automatically go to spot Market you click new listings come down here find your 11 chain come across got the website got the Twitter now they don't have a

coin gecko or anything linked here so I'm just going to assume that they're not on coin gecko yet and this is their website website looks a little simple it says GitHub so I'm thinking that they're on GitHub I don't use GitHub a lot so I really am not familiar with GitHub says a cryptocurrency based on the X11 algorithm I mean X11 11 chain I guess that makes some sense not that I have any idea what X11 is based on the advanced X11 algorithm it enables precise calculations in the field of artificial intelligence medicine and Computing very vague what is 11 chain boy wouldn't we like to know we would like to know what this is 11 chain is a new cryptocurrency based on X11 algorithm decentralization of future direction is one without a central Authority decentralization I mean that's

kind of the call to action for a lot of cryptocurrencies but there's a lot that are built around centralization like your salana not that that's the end of the world or such a horrible thing either you know both have extremely good pros and cons I think ecosystems built with interoperability meaning you can move from decentralized to centralized you can use the benefits of both and uh get away from the cons of both at the same time I think that's a really great infrastructure high security or so they claim you know compared to other encryption methods it's evident that cryptocurrencies based on the X11 algorithm offer high security participation by everyone everyone can participate in mining that's interesting they must have GPU mining or something like that I will uh I'll try to check that out I gave this a

quick once over on the first take and uh I didn't see anything about where to find or anything of that nature why choose us fast payments decentralization security Energy Efficiency very vague as well this is where I hope it gets a little more interesting we got the RO map what are they planning to do that's what the RO map means January 2024 the team proposed a token with the X11 algorithm at its core therefore 11 chain was born I guess February 2024 the cryptocurrency 11 chain based on the X11 algorithm was established these don't uh these two they don't seem like big accomplishments do they they kind of seem like some fluff they kind of seem like they just put that in there like they haven't done anything yet March possibly possibly opening exchanges to facilitate more currency transaction

I like how they check it off as if it's happened and then they put possibly that doesn't seem real great May 2024 update more wallet versions to provide support July support for cross Trin conversion and then of course November updating the web wallet this road map seems like a nothing burger if I ever done 81 before all right please could you explain the details of what 11 chain is details yes this website guys you know if anybody from 11 chain ever sees this video details that's what you guys are missing with a lot of this uh this website here 11 chain is a cryptocurrency Project based on the X11 algorithm which you already told us several times the X11 algorithm is a hashing algorithm that consists of 11 different hash functions offering enhanced security compared to traditional hash algorithms

11 chain leverages the X11 algorithm to provide a secure decentralized platform for transactions and other blockchainbased activities although that's interesting and they gave us a little bit more detail I do always wonder why on these websites these small tokens and things they don't have a video of somebody from the somebody from the foundation really giving us a little bit more in depth how can I join you let's go here they have a Discord I already went ahead and tried to get on their Discord had some issues I will show that though how are tokens allocated this question is crucially is crucial indeed which it is we have allocated 11 million token Supply at every 500,000 tokens we will perform a block having well talking about when you have 5,11 chain you can become a master node Master nodes undertake

more tasks all right and how to download the wallet wallet's on GitHub so not a ton there let's uh see they have a xlink here I've already opened it let's go ahead and pop over here does it say when they started so February 2024 not that long ago um they're following more people than they have followers that's not normally a good sign I went ahead and already followed them here um 11 hours ago 8 hours ago 11 hours ago 21 hours ago 17 hours ago and then it seemed like it just recycled some posts too like right when you got past this like same post same post same post I don't know now N I don't think they were reposting them cuz this one says 17 hours and when you go up to the other one 17 hours so

I don't really know if that's Twitter doing that or they did that but I don't know it's not a good sign I will say that like my gut instinct on this coin is like a one um it's still probably one of those things sometimes it's just too early to tell guys and uh just cuz I cover a coin or you look at a coin don't feel like you need to throw your money in it immediately I mean a lot of times you just need to have it on your radar know a tiny bit about it keep an eye out for it maybe you know pop into a g jix once every couple of days and check on some market caps maybe write the market caps down on a sheet of paper and uh you know see which ones have

gone up see which ones have gone down again the market cap of this was Tiny what was it 135,000 I mean let's just hit the refresh and see if it changes at all and then automat atically goes to spot guys you got to click new listing and where are we at 11 chain ho crap somebody pulled a lot of liquidity out of this coin I expected it to maybe fluctuate up and down a little bit but that that was drastic from the time of recording which is we are 9 minutes into this video so again guys this might even just be you know a good example of how quick your money can go down in these low market cap gems now if you've been in crypto one of the things about being a crypto investor a lot of the

stock market doesn't fluctuate that heavily but in crypto things fluctuate heavily sometimes you'll put money in go down to having like next to nothing and then two months later you've 10x your money um it can be a little difficult sometimes to have that gut feeling if you haven't been here in this ecosystem or in this you know crypto world for years to have that gut feeling and know when to walk away whether you're up or down sometimes you're down you feel like you should walk away sometimes you're up and you feel like you should walk away but you're always wondering you know when you're down you're wondering if it's going to bounce back when you're up you're wondering what if I'd sell this and then it does another you know 50x on top of my 10 and I pull

out a couple $100 when I could have pulled out a couple thousand or whatever you know your ratio is for what you put in so that's crazy I mean let's let's go ahead and even refresh it again see what happens and these tiny micro cap yep still sitting right there so somebody pulled out a large chunk of money here now does that take away the selling pressure was that somebody who was not real serious about this was it somebody involved in the project you know although the market Cap's only you know 68 the circulating is almost 7 100,000 so many times the market cap is coming in and out of this coin so it'll probably go back up look at the circulation on this rhino rewards $2 billion that seems really odd for its market cap but who knows

it could be correct and then of course last not least this is 11 chains you know Discord was disappointed in this Discord to be honest with you did you come in uh due to high volatility on Discord members without a rle that are not verified will be kicked in 10 minutes um I think they're probably doing that for scammers and people coming in here but you go to verify verify your assets let's go and before it wasn't doing anything if you saw the little yeah this transaction failed no idea what that means means I can't really get in here to to show you anything more which sucks cuz usually most of your information is on Discord and when you know our our deep Dives were not that eventful but I'm just going to throw this one up guys just

to show you that this is this is how it goes we're deep diving together I'm not trying to only ever show you all the greatest ones and give you like a false sense that they're all you know decent looking projects cuz they're certainly not all right guys thanks for tuning in this one's a little shorter than normal catch me on the next next one crypto run out