What's with the Ziftr devs
, the price is dropping, hashrate is slowly dropping, looks like people are loosing interest in this coin. No wonder if the devs r quite, no news, no nothing
. But od course they've earned 800k $ from presale, maybe that's the reason for inactivity!
Price is dropping because miners are selling everything they mine, not hoarding (and the volume & liquidity are super low right now). Hashrate drops when the price drops, as the "journeyman" hashrate goes and finds more profitable coins to mine, until Ziftrcoin is profitable again. These big miners create an imbalance in the network's distribution of block rewards, because they hold such a high percentage of its hashrate. The average Joe sitting at home with his video card mining a few coins a day to hold onto is not who is currently securing the network. Mining farms are. That was inevitable, when GPU mining was enabled.
The only thing that will cause price to increase is consumer demand. That's what pretty much everyone is waiting for, across the board in crypto. Ziftrcoin is no different. I think demand will be driven by the "coupon" style redemption, if Ziftrcoin (as I expect) remains below $1. people who plan to shop via the Ziftr platform, or use Ziftrpay merchants, would happily buy a handful of Ziftrcoin to use as a $1 coupon for up to 5% of their purchase...and if they choose to sit on those coins, they can be certain that they will never drop below $1 in value, if they intend to buy things this way. If demand grows to the point where the exchange price rises above $1, I seriously doubt anyone will complain about the fact that the coin they were holding onto rose in value. A bull market cures all ills. So I think it's a very interesting dynamic that has a lot of potential. Just hold onto your coin and wait to see how things develop over the rest of the year.