I had an interesting email from a coin owner last night. He asked me what I was doing to get the coin price back up to where he bought it last week......Seriously....I told him I was doing the EXACT same thing today that I was doing when it hit 300 sats last week and would be doing the exact same thing next week, regardless of what the price will be.....ie, doing all possible to make a better coin. No response from him so far.
As a reminder, in 2-3 months, GUN will have been in circulation for four (4) years. How many coins or tokens have survived that long?? To my knowledge, there is no pump and dump with this coin - never has been - that would be bad for the coin. So IMHO, based on what I see.......Over the last 4-6 weeks - let me do a quick recap....
1) GUN has gone through 2 necessary upgrades V1.2 and V1.3 - both make it a much more solid, technically current, secure and stable coin.
2) We published a preliminary roadmap that lays out our short term path forward to make GUN a VERY solid and competitive coin.
3) You have seen an increase in our tweeting and that from our 'famous' developer who has followers from other coins he works on and retweeting from some users with mass numbers of followers. We now have a Slack account too, but not totally ready to go yet.
4) We have seen a minimum of 40-50 new wallets pop up and be created in just 2-3 days last week.
5) We upgraded our users guide again, the website and our OP here.
6) We have seen 3-4 more pools include GUN in their mining operations and have been included in several autoswitch pools.
7) We have seen our hashrate from, increased mining, rocket up to over 500MH at time - significantly higher than ever before - lots for Neoscrypt.
All that and Bitcoin prices soared to $18K and there was a rush by new users to buy BTC and altcoins including GUN. Again, IMHO, there is no bad news in any of that - although the autoswtich pool played havoc with our hashrate for a day or two - but I like the attention it gave to GUN.
So from this, it should be obvious to everyone why our prices shot up. And of course when any coin has a price shoot up over 500%, profit taking will kick in. BUT, what I see, is that you do not see people selling millions of coin - there is zero dumping going on here, just profit-taking which is to be expected. Our price seems to be stable around 100 sats for now and could rise again for all the same reasons it did before since they are still valid.
So there are a lot of things that determine our price. Cryptopia had sign up issues which have now been resolved. We have more software upgrades planned and in work to release over the next two months and other things within our infrastructure to upgrade as well. IMHO, Guncoin is in a very good place now and all the reasons that our price ran up last week are still there today and will be next week, nothing has changed other than the fact we have progressed a little bit further down our roadmap and now have a lot more visibility and more users - those are all good things for GUN and the Guncoin community, IMHO. We are determined to keep moving forward and that this will positively effect our coin price as it has in past weeks. Again, thanks for your patience and support!
As a reminder, in 2-3 months, GUN will have been in circulation for four (4) years. How many coins or tokens have survived that long?? To my knowledge, there is no pump and dump with this coin - never has been - that would be bad for the coin. So IMHO, based on what I see.......Over the last 4-6 weeks - let me do a quick recap....
1) GUN has gone through 2 necessary upgrades V1.2 and V1.3 - both make it a much more solid, technically current, secure and stable coin.
2) We published a preliminary roadmap that lays out our short term path forward to make GUN a VERY solid and competitive coin.
3) You have seen an increase in our tweeting and that from our 'famous' developer who has followers from other coins he works on and retweeting from some users with mass numbers of followers. We now have a Slack account too, but not totally ready to go yet.
4) We have seen a minimum of 40-50 new wallets pop up and be created in just 2-3 days last week.
5) We upgraded our users guide again, the website and our OP here.
6) We have seen 3-4 more pools include GUN in their mining operations and have been included in several autoswitch pools.
7) We have seen our hashrate from, increased mining, rocket up to over 500MH at time - significantly higher than ever before - lots for Neoscrypt.
All that and Bitcoin prices soared to $18K and there was a rush by new users to buy BTC and altcoins including GUN. Again, IMHO, there is no bad news in any of that - although the autoswtich pool played havoc with our hashrate for a day or two - but I like the attention it gave to GUN.
So from this, it should be obvious to everyone why our prices shot up. And of course when any coin has a price shoot up over 500%, profit taking will kick in. BUT, what I see, is that you do not see people selling millions of coin - there is zero dumping going on here, just profit-taking which is to be expected. Our price seems to be stable around 100 sats for now and could rise again for all the same reasons it did before since they are still valid.
So there are a lot of things that determine our price. Cryptopia had sign up issues which have now been resolved. We have more software upgrades planned and in work to release over the next two months and other things within our infrastructure to upgrade as well. IMHO, Guncoin is in a very good place now and all the reasons that our price ran up last week are still there today and will be next week, nothing has changed other than the fact we have progressed a little bit further down our roadmap and now have a lot more visibility and more users - those are all good things for GUN and the Guncoin community, IMHO. We are determined to keep moving forward and that this will positively effect our coin price as it has in past weeks. Again, thanks for your patience and support!
Bahahaha, "what have you done for me lately?"... There's no hype here, and never has been.
I just looked at Cryptopia, there's over 5 million coin listed for sale, and over 2 BTC for buys. Definitely no dump!!
Gun did hit a nice number and settled back, but almost every coin peaked for a few days and dropped back significantly. Gun is no exception. At least there's an active DEV team, and progress is getting made. I would much rather go slow and steady and get where we want to be, then shoot for the stars and flame out.
I completely agree. GUN looks to be in a good spot right now at the start of 2018. The tech is there, the developers are there, and the interest has grown allot over the past month due to new releases, and essentially just having more of the spotlight shined on this coin. All good things for Guncoin.
