********** Trading Alert - Post Revaluation Analysis **********
Pleased to see that people are availing themselves of Dark Elevator's stopping by to pick up passengers. Click
here for more info on Dark elevator.
On demand: 26115 DRK shot
Available: 6482 DRK shot
Notice how despite people still pissing about with masternode issues etc. the price is now buoyant. Thats because we've had our rights of passage/ price compression phase and technical issues are now "allowed" to occur / be addressed on an ongoing basis without adversely impacting the valuation.
No-one should underestimate the significance of this. We are now getting into Bitcoin territory in terms of confidence. Regardless of how much initial "hype" it gets, almost every cryptocoin project falls flat on it's face during that "rights of passage" phase, never to be seen again. Only a tiny number get through it.
Darkcoin is now one of them.
Make no mistake. Back on May 7th, Darkcoin closed its first 3-day trading period above 0.0045 BTC. At that time the valuation was purely speculative pump/dump mania. But consolidation and subsequent intensive technical development has since done justice to that valuation and it's now solid. Our nearest competitor is a factor of 4 market cap away.
Just sayin - for those of you who get frustrated that fundamentals don't reflect in price. Don't loose faith. It isn't just a question of price. Valuation is a whole different dimension. A hard packed price of 45 is way more elusive than a baloon at 6 times that because as I've just pointed out, most never get to the "hard packed" stage.
The other appealing thing about this project is its market priority. It is trying to do one thing and one thing well. Markets like that. They don't like products which try to be all things to everybody. The 2-tier approach is working. The business model that supports that approach is also working (even though I was sceptical at the time. I didn't think we'd get 1000+ masternodes just like that. My jaw is on the floor).
Look at this growth chart. Look at the volume bars below the valuation profile. It shows that people are holding this coin.
We need to remember that price can change on just a tiny amount of volume or it can change on big volume. During the big DRK revaluation around RC2, volume went in and stayed in. There's probably been a significant natural profit take and change of hands of the coin supply since then, but overall we couldn't have asked for a more healthy growth profile.
Where we are right now is a very good breakout level. All lights are green, ship has steered a correct course on fundamentals and market profile reflects this. 2-tier approach is endorsed by the market and we are experiencing *** "healthy coin syndrome" ***. Whether breakout occurs tomorrow or in weeks/ months is I don't know but I'd say whatever this coin is doing - keep doing it !
By contrast, lets look at an unhealthy growth profile. We can see that not only did the price drop but people ** didn't hold the coin **. Thats what makes the difference. Declining price doesn't mean that people are dumping, it just means that market demand is less than market supply, but the market can be small or large compared to the overall coin supply.
