A couple of days ago, I went on CMC and saw that the value of CoinoUSD was very low. It was hovering at around $0.84 when it should be worth $1. Back then, I thought it was due to the low volume.
Well today it's even lower. Even with $2,000 worth of volume, the price of CoinoUSD is $0.78:
http://coinmarketcap.com/assets/coinousd/In case you don't know, CoinoUSD is a token on the NXT asset exchange for 1 USD that can be exchanged for real USD at Coinomat. It's similar to BitUSD and NuBits in that all three are pegged to the value of the US dollar albeit in the case of CoinoUSD, the pegging mechanism is much more centralized.
Does anyone know why it is so cheap? Was there a large sell order that crashed the price or something? But I don't think that would explain why it's still cheap today...
Screenshot from a couple of days ago:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs24.postimg.org%2F5qfhpbpbp%2Fimage.png&t=665&c=YCm1wGt1CTyL6Q)
Screenshot from today:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs24.postimg.org%2Fuv6i2qos5%2Fimage.png&t=665&c=X5p847h2_lb7Gg)