Show Posts
cryptobroker is not starting off real good
I'm not sure that I agree with you.
The volume is low, partly because it's a pretty new exchange, and partly because awareness of Ella isn't really high.
This is OK.
The important thing is that early miners aren't just dumping tens of thousands of Ella on the market and driving the market down to 1 or 2 Sats.
The other nice thing is that the market isn't being driven by frenzy or unsustainable pumping of the coin. The coin is a community coin, with no pre-mine.
There is no promise by the anybody that Ella will "go to the moon" once it hits an exchange.
Ella isn't one of those script coins with a big dev pre-mine and an airdrop to drive fake volume for a few hours while the Dev dumps his stock to make 0.5 bit coin.
It's not going to get a paid listing at one of the pump and dump exchanges. That's OK too. It stops the value of the coin being manipulated by whales or pump and dump groups for personal gain.
A nice, quiet stable launch to a small exchange is perfectly fine.
A few buyers and sellers are trading small amounts at some very moderate prices.
By my calculations, ~0.00000500 is about the break-even on mining, so as Mining difficulty continues to increase, we'll see the price that miners are willing to sell increase too (as they don't want to lose money).
Meanwhile, most investors will sit and wait for a week or two. As I mentioned before, this isn't a flash in the pan script coin built to pump and dump a dev pre-mine, so everything will happen organically and slowly.
im talking about the withdrawls... over 24hours to get the ella i bought and still not processed...
