How is GOLO's price not rising?

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Topic: How is GOLO's price not rising? (Read 306 times)

lakimens (OP)

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How is GOLO's price not rising?

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?

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Rozita

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Re: How is GOLO's price not rising?

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.

lakimens (OP)

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Re: How is GOLO's price not rising?

August 21, 2017, 12:07:17 AM

Quote from: 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.

Yeah, that makes sense.

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