guys buy more and hold _ magi can skyrocket someday so high and it will be amasing
Based on what? Volume is very low. Pressure on the sell side. What is the catalyst for it to rise?
a reduced POW inflation
by eliminate the trick reward waves that miners abuse
this could increase the value of existing coins a lot
its not only less inflation
its also fresh generated coins in the right hands
legit small miners with a single a a few CPUs
and not like now a few big miners earn most coins and flood market with cheap coins
what is the reward waves trick u might ask.....
as we all know XMG use a mechanic that with more hashrate the rewards are reduced
with low hashrate/miningdifficulty the rewards are increased
like everey diff adjusting engine this reward adjusting engine is always delayed
this means if difficulty is low and rewards are high u could throw in massive hashrate and earn a few high reward blocks
once the adjustments reduced rewards because of high hashrate u stop mining waiting till difficulty low and rewards high again
the big miners can abuse this maximize their mining gains
the small 24/7 miners are wasting their electrical energy to mine the low reward blocks
and have a much worse coin/invested energy rating
so my prediction is if the next wallet contain a fix for this exploitable POW mining mechanic
and a increase of the rewards for people who really support the network (example 24(7 run a node in staking mode
then this coin can raise a lot in value x5 is not unrealistic even x10 in range if other innovations will come