One question regarding the price. What is driving the price, because now the price dropped to 0.17 from 0.20 in just few days. What I am observing is that there is a price increase when new mint happens, and the price jumps up to the production price. Few days after the mint the price is below production price in the range of previous production price, let's say around 0.185 (current production price is 0.2051).
But overall the good thing is that the price is going up on avarage, with every mint the "floor" price is higher. This week is 0.17, week before was 0.15, and so on. I see that average daily volume is also increasing, which is good.
But overall the good thing is that the price is going up on avarage, with every mint the "floor" price is higher. This week is 0.17, week before was 0.15, and so on. I see that average daily volume is also increasing, which is good.
Market price is driven by demand and supply as in any other coin, but the reason the price goes up is of course the gold coverage price (price of gold behind every xaurum, where the ammount of gold is getting higher and higer).
Reason why mint pushes the price up to the production price is because mint must first buy on the market if the price is lower, since obviously the supply is sufficient if the price is lower. At last mint the market price was higher than production price and that resulted in no market buy.
For me, most important is that trading volume increases over time.
