Seriously. Anything under 1 BTC is truly cheap. This is the floor of the floor.
How long was this coin on mintpal? Only 1 day or so ? as i can't see a longer period graph
Also can somebody explain why the red line at the start ? from 3 to 0.x ?
As the price on bittrex was nowhere near that at the moment?
This thing looks interesting to buy in but this whole price thingy is a mess right now , or at least i see it like this.
1) 18 hours
2) Yes, 18 hours
3) Somebody bought something like 0.0001 sync at 3 btc the price then continued to fall as more people rushed to sell hence a decrease from 3 which is why they use a red line (Green when price is increasing)
4) Yes
5) Price on Bittrex is close to the price on mintpal at the moment (Bittrex 0.65 Mintpal 0.655)
That answers your questions in the order they appear, the whole price thing being a mess as you see it makes no sense as you ask a bunch of questions that show you have no idea of what your seeing. When a new coin hits an exchange people always try to sell at a very high price as they are the first to get their coins listed without competition, as more people get listed the price will find the mean.
As there is still new coins being mined, some miners will dump to recoup their cost.... The fun should start when it switches to full POS especially if that 240GH follows over to the multipool!
It will be interesting to see what happens here but noways in hell would I even pay 1 btc for 1 sync, I can see a few people sitting on 80% of the sync market once the POS starts.
Your getting to hung up on 1 for 1 pricing if 1 btc is to much for 1 sync consider this:
If these coins had there current Market Cap but only 1000 coins like sync (instead of the millions or billions they have) then
the current price would be:
1 ltc =597.33 BTC
1 Drk= 83.46 BTC
1 Ripple= 81.06 BTC
1 BIL= 2.97 BTC
1 Doge= 68.93 BTC
1 PTS=13.45 BTC
1 NMC= 38.98 BTC
1 BC= 12.90 BTC
1 PPC= 93.34 BTC
1 CINNI= 1.3 BTC
1 NXT= 76.74 BTC
1 VTC= 8.61 BTC
1 FTC= 6.54 BTC
1 Zet= 5.64 BTC
1 MEC= 4.36 BTC
1 XPM = 7.72 BTC
1 QRK= 8.52 BTC
1 MAX = 2.62 BTC
1 WDC= 2.87 BTC
1 MINT= 1.53 BTC
1 NVC= 3.17 BTC
1 IFC= 3.02 BTC
1 MSC= 28.68 BTC
1 XCP = 11.536 BTC
1 MAID = 9.83 BTC
1 PND= 1.12 BTC
1 RDD= 1.4 BTC
1 PRT= 1.36 BTC
1 YBC= 3.21 BTC
1 DVC= 1.1 BTC
So using your logic if you don't think Sync is unervalued now for everything it offers then go buy a quark at 0.00003510 but realize on the scale to Sync your actually paying 8.52 BTC for the same % of the marketcap that Sync currently offer at 0.64btc. I know which one I will take!
Also once POW is done if the multipool has 240 GH that will pump about 25 to 40 btc into Sync. Now that's only the X11 side of it and at the current price 40btc a day could buy every Sync in 14.05 Days.
