Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: lakimens on August 20, 2017, 11:08:12 PM



Title: How is GOLO's price not rising?
Post by: lakimens on August 20, 2017, 11:08:12 PM
Hello, I've been wondering for quite a while. GOLOS has some weird charts, it's market cap is rising, but it's price is staying almost the same.
I've never seen a coin like this, what I usually see is as market cap rises, so does the price of the coin or vice versa. How are so many people buying this coin and the price is staying the same?
https://i.imgur.com/8mV9xFF.png


Title: Re: How is GOLO's price not rising?
Post by: Rozita on August 20, 2017, 11:15:09 PM
It means that only the number of circulating coins is increasing. Most probably, there are new coins that are distributed by developers.


Title: Re: How is GOLO's price not rising?
Post by: lakimens on August 21, 2017, 12:07:17 AM
It means that only the number of circulating coins is increasing. Most probably, there are new coins that are distributed by developers.
Yeah, that makes sense.