Can someone answer the following question for me in all seriousness?
This community seems to be impressive - devs all the way down to loyal supporters. So why is there such tiny volume being traded? Its like the crypto world doesn't want to touch Pink. No pun intended.
There's a lot of little answers to this very big question, and I'm not completely sure what the answer is.
I think the first issue is that people in crypto look at pinkcoin, but for whatever reason don't actually take an interest in it. Some have an aversion to it being a color coin and in the male dominated world of altcoins, being 'pink' doesn't help with explosive adoption either. As altcoins go, it's too old for the pump & dumpers, but still young for the long term investor whales. It didn't have an explosion of popularity at launch, or relaunch, so the community has grown from the people that have stumbled onto it and given it a chance.
Second, what is the first thing that most people do if they're curious about a coin? They google it! Unfortunately the first google result for pinkcoin is the original, locked thread created by the original dev who abandoned it. So for most the very first thing interested parties are greeted with when they look into it is the ashes the pinkcoin phoenix was born from.
I think this has actually worked in its favor to some degree, because the community that has developed is passionate, kindhearted, generous, intelligent, and persistent, frankly making it not all that attractive to the trolls and scammers and pump & dump whales that try to manipulate its market and community.
Pinkcoin's volume HAS grown in consistency since the explosion of new interest at the World Series of Poker about three weeks ago. As a result, while a month ago volume was in the 1-5 btc range, now it's steadily found in the 10-20 btc range.
The coins available for sale has dropped almost 70% with the rewards program announced today, leaving little opportunity for whales to take part in the program without pushing the price up above the psychological barrier of 100 satoshis.
I have no idea what's going to happen, but I can say that, right now on bittrex, there is buy orders for 7 million coins above 80 satoshis, only 4 million coins available for sale below 167 satoshis, and you need at least a million coins to participate in the new rewards program.
Hmm.
