This coin is just as its infancy, in terms of development as I can read it through the thread, and in terms of price. Every innovative coin out there reaches easily $3million market cap, and we're not even at 10%... Once people realize how innovative and how serious are the devs about this coin, we will see it shoot to its real value.
Just looking at the buy/sell walls says it all! The early miners (being part of them) are holding strong.
I think we will see another surge up within 24 hours.
The volume is far outpacing any mining so there will soon not be enough coins.
Network mH/s:
6384.17018463
Hashrate doubled since last night.
My numbers came out to about $6,000 volume per day to eat 2,000,000 coins mined per day.
And that is if something like 40% of coins mined are sold daily.
So I don't see the price going down anytime soon with $115k volume in 24 hours.
Even if volume goes down to $20k per day. It's enough to eat all the dumps.
This is a fantastic situation to be in.
Pretty sure half the coins changed hands in the last 24 hours and now no one else has anything to sell or is holding for the rise.
But is that correct? Less than 65 million coins?