Folks seem to be buying.
Probably due to the subsidy dropping to a more reasonable level. About 2.25 Million GLC have been traded/accumulated over the past 5 days or so. That is about 41.67 days of new inventory(subsidy).
However, about 2.5 million GLC have been moved into Cryptsy as of today, so the bulls clearly have a fight on their hands.
I would prefer that the price drop about half or more from these levels for the next 4 months so I can accumulate more into the next couple subsidy drops.
I believe that one reason some of these new coins do well, is that investors/traders do not have to worry about new inventory coming online daily. So they are markets that do not have to worry about dilution. Globalcoin will get to a subsidy that is on par will Bitcoin subsidy in about a year, so that should have an effect on price.
I think I have pretty much talked a whale friend of mine into staking a position in GLC before the next subsidy. That is about 4 months out, so hopefully he does, but who knows. Globalcoin has potential, just takes a bit of time to get where it needs to be, imo.
Here is the place to look at wallets if you did not know:
http://chainz.cryptoid.info/glc/#!wallets
It looks like 32.62% of all Globalcoin, or about 16.8 Million are on Cryptsy available for trade, unless folks are using it as an online wallet.
