There is 1 reason why the price is up: BARR.
It's good to stay informed of what's going on and why.
Your project looks interesting, but to be honest every post you make is just barr barr barr.
BARR has been going since last year, and we've already burned 10 different altcoins worth about $30,000.
There has been plenty of detailed discussion, and every kind question you might want answered, in our ANN:
https://bitcointalk.org/index.php?topic=1219460I'm wondering whether you're able to offer any proof of these claims? Like a screenshot of your buys of CAGE?
Just look at the top orders on all 4 markets. Then watch the daily volume at Coinmarketcap, and when we burn the coins you might notice that the amount we burn accounts for most all the volume that was sold this month.
We didn't get any advance notice on CageCoin, because it's been less than 2 weeks since a user decided to vote for us to burn it, and we decided to go ahead and do it in September. So we might've been able to accumulate more coins over a longer period of time. But we're going to burn whatever we can buy, and right now it looks like there are less than 10 billion coins available with the rest either forgotten or lost or for whatever reason not on the market.
When we burned ACP Anarchists Prime, we caused the price to go up for that coin too. I told the holders that it was because of BARR, but they got very hostile and said BARR didn't matter and that the price was up because of their hard work and great community. And the dev and the holders kept dumping their coins on us, apparently thinking there was some sudden public demand for this altcoin. So on day 1 of our burn period, when we burned 1 million coins out of the total supply of 2.4 million, they freaked out and said we tricked them.
But we want holders to be aware of what's going on with their coin, so they'll know their options ahead of time.
This is a coin swap - everyone has a chance to swap their coins to a new blockchain if they burn their old coins.
And if they don't want to swap, they can keep their CageCoins.
It's not unusual for devs to make sure everyone knows about an upcoming coin swap, so that's why every post is BARR BARR BARR.
And then after September 28, it will be over.
But it's not like we're interrupting any other conversations that were going on in CageCoin's dead topics.
And in fact since BARR showed up CAGE price is up, volume is up, forum activity is up, and there's even an active mining pool now.
After BARR is done swapping CAGE, don't blame us if the price goes back down, volume goes back down, forum activity goes dead again, and everyone stops mining again. We can't do everything and save everyone, so the benefits of our project are available to each altcoin for a limited time.
