Is there a halving coming up anytime soon? Seems like there must be a legit reason for price to be climbing.
The supply has been reduced heavily over the last months by the reward-reductions. The next reduction will take place at block number 300001:
Blocks 1-100,000: 0-2,000,000 MOON
Blocks 100,001-200,000: 0-1,000,000 MOON
Blocks 200,001-250,000: 0-600,000 MOON
Blocks 250,001-300,000: 0-350,000 MOON
Blocks 300,001-350,000: 0-175,000 MOON
Blocks 350,001-375,000: 0-100,000 MOON
Blocks 375,001-384,400: 0-50,000 MOON
All future blocks are a fixed 29531 MOON.
We are now at block ~263690.
MOON is underestimated and still has much air to go up. That's most probably the main reason for the rising price. And if you think about the problems for bitcoin with the decimal-calculations regarding small purchases like a coffee or a music-download, Mooncoin looks very promising, with its big amount of coins and strongly decreasing supply over time.