I am very attentive to this coin, to see when the price goes up to attract the attention of more users.
Thank you for the information WCIR.
Well, i do not see price going up, i check it every day and i do not see any buys tho, just sells! 0.287BTC buysupport..
No new Investors jumping on this Coin.
When you look at the numbers only around 2% of the total coins are listed for sale at bittrex. People are still staking because coins are still doubling at unbelievable rates. Prices won't go up until the staking difficulty rises more, because the weak hands can just dump the massive amount of coins they are staking. Now is the smart time to invest, because you can easily double your investment by staking, but you have to be in it for the long haul until the total coin supply stops doubling every month.
Yeah, early days are a bit like early bitcoin. We're looking at about 30% increase in the coinbase by the end of the month, but the %'s are going down a lot. August 1 coins will double around Oct 1st, Oct 1st coins will double Feb 1st, etc. Then rewards halve in June next year.
The two factors people should look at are the coins actually getting mined - which is 3600 coins/day, and the long-term valuation. The reason for the mined coins is because if the price goes too high then multipools will jump on it, and multipools typically dump straight out for bitcoin to trade into other coins, so the market has to be prepared to sustain sells of 3600 coins/day.
Staked coins are less important to sustain because you have to stake in order to have them in the first place, and staking requires strong hands.
*** Sorry I've been away, I've had major internet issues and I haven't had any internet access at home since Sunday. I just got service with another company so hopefully that problem is sorted. Onwards! ***
