no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month
I can give you one right away: Inflation.
28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.
If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).
High price = more money to absorb daily production = more price stagnation.
Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.
Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.
your reasoning does not is correct, my friends and I mining VTC and we are not sold a single coin
many people mining and do not sell Vertcoin - They HOLD
by your logic LTC had to be priced 0,00000001
,
and BTC had to be priced 0.0000002
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