I do not know where you got that information that the devs sold all the coins.
And who else can have a lot of coins at once?)
I doubt that people had time to penny coins or there was a very generous bounty.
By experience, after such a big fall, the price is never restored .... unless Bitcoin will cost 20,000 dollars again
The history of
MARTEX isn't the same as most you've ever seen.
The currency was born in
scrypt, had a
low premine, and all of it was
used at the time (2014)
to pay developers for some specific services, MAC wallet, site improvements,
code improvements,
air drop, among other things, with few currencies.
The DEV was left with few coins.
After that the MXT went from scrypt to X11, and then fixed to X13.
There was a time when a
Russian mined MXT on a large scale, being today the biggest player of the coin.
He gathered about
500k of MXT.
Take a look here:
RichListNote that many people who have won MXT have never even used them. There're several "ghost wallets".
I venture to say that today there are
less than 5 people who have
many MXT, but adding all I think
not even 1M.
They're
people who believe in the currency and don't sell in the 'panic sell'
The reason for the pump was the implementation of the masternodes system, just the time that all currencies were rising.
The reason for the fall was exchange
Yobit, which accepted MXT deposits but didn't release the withdrawal, so prices there were always 50% below the market value, people bought MXT there to resell in other platforms, but couldn't move those values .
After much popular pressure,
HEREHEREHEREHEREHEREthe exchange released the withdrawals, which passed easily from 100k MXT.
There was an
unprecedented dump.
It is worth remembering that
neither the BTC was born to have FIAT value,
the essence has always been the
technology behind the currency,
the market value is always a
consequence of speculators.
MXT has improved a lot since its birth and is always
up to date with its roadmap.
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