Droidz had good sales today, what happened?
OH, I think all that "FUD" has worked wonders, causing some frustrated members to dump.
that dev is ofline for 10 days is also part of it i guess
Nah, it is impossible to say what that was all about.
The majority of developers aren't around more than 1-2 times a month.
You have to remember most developers have full-time jobs.
Only when the new crypto currency becomes an economic coin, like Dash coin can the developer quit their day jobs.
Also, when the developer of Driodz does a public statement, some owners of Driodz dump their coins and then buy them back on the exchange for a laugh.
So, I guess, the developer might have developed some anxiety about posting on this thread
There are just 5 million DRZ.
We only need 5 or 6 strong holders, each holding roughly 500,000 DRZ, to hold these coins and not to sell below 10,000 sats, so that SCARCITY will cause price to rise.
That is nice idea, but it can and does kill crypto currencies when their are too few owners:
Some exchanges delist coins that do not achieve X amount of swaps each month or week. Only a Cryptsy listing is priceless, because they do long term support.
Also, a cheap way to advertise a crypto currency is to have pumps (potential new owners can see the possible future price) and slumps (those potential new owners then place buy orders above the slump price).
Obviously, newbies might get confused, but it is a basic rule.
I own 10% of a different crypto, a POW crypto currency. I do pumps on the coin every month, but I don't expect anyone to buy at the pumped up price. However, I expect and people do place buy orders a bit over the slump price. Essentially, the pump advertises the crypto currency and people place extra buy orders on the slump side.
However, a lot of old crypto currencies don't any future functional development releases, apart from a new wallet release.
Driodz does have future functional developments. And, the same applies for Cypher.
I'm being optimistic, and expecting the developers to deliver those functional developments