@siameze huh, stability in a market pegged primarily against BTC is pretty much impossible at this point. Maybe 5 years from now, who knows?
Against the dollar UNO has actually been relatively stable, coincidence? I guess for an altcoin trading withing in a +/-50% range around $3 for the past 2 years isn't horrible (compared to coins swinging wildly between extremes of -95%/+1000% in such a timeframe). But not great either, as UNO has slowly but consistently lost ground for over half a year now. Against the Dollar, BTC and other alts.
That might sound a lot more negative than I intended, so let me put that into perspective. Considering UNO went trough a parabolic pump in february it was obvious price had to go down after the brief peak above $4. IMO the excellent fundamentals of UNO saved it form an even darker fate. Price seemed to have found a nice equilibrium in the $3 - $2 range, UNO traded there (.009 - .012 BTC) for almost half a year after things had calmed down. That was indeed remarkable stability. I had a good feeling about the market then. I don't know what went wrong, but sometime in late August someone poked a hole into the market and it has been deflating ever since.
I do seriously think UNO is overdue for an upwards correction in price. Not some crazy ass pump please, but I think in the current environment UNO should be trading at least double of its current valuation, if not a little more. Call me a fanboy.
Cryptsy's situation derailed the recovery. There are some of us here who, seeing 15k of Uno in limbo at Crypsy and having watched about 20k drain away since November, are soaking it up as cheap as we can, cost averaging down from the the buys we made at 01, 007, 005, etc. It's not that they want the price to be cheap, or are manipulating it down; but what else can you do in the short term when there is this uncertainty and patience is being rewarded by dumps like we saw yesterday down to 00275?
Even with all it is going through, and the recent bitcoin big rally up from the low $200's, look at what just 10 btc could do to the price. This time next week, about 20 pumped coins that are ahead of Uno on CMC today will fall well below Uno.
I expected Cryptsy to open the Uno wallet by now, but it looks like they've gone dark now. Not a word since they opened a few wallets and promised to open others.
On another note, does anyone remember that flash crash on Cryptsy in 2014, when it sold down instantly to like zero? I have been trying to find that discussion in this thread, but I haven't been able to. I'd love to find the date of that crash, which Cryptsy promptly reversed.
