Number 1 in coinwarz?
More like 27
That is good!!! As you don't want to be Number 1 on coinwarz!!! Then you are target of all pools,they mine your coin and DUMP it!!!
But surely it is getting dumped? The price was around 170 or so a day or so ago. Also, less value = less miners?
It just correct itself, from overvalued to correctly priced, maybe still a little overvalued. 100 would mean a market cap of 1600BTC or +$1M, a lot of coins never reach this number, of course a lot of coins reach more then +$1M, but it is not that easy anymore, DEV need to work hard for their coins, as tonight Dopecoin will be launched and a lot of miners will mine their. A few days ago Maxcoin, all money that could be used on other coins are now being spend on Maxcoin. A investor only have x number of BTCs, 6 months ago he only invested in 10 coins,so every coin 0.6BTC, now he needs to invest in 100 coins, so every coin 0.06BTC, you see what the problem is. Older coins like ALF,GDC,FST,ZET,.... are far away from their highs, why? Because there are too much options for investors. The overall value of coins will drop. Only pump and dumps will move the prices higher or lower.