Seeing a solid base form at 1350-1375 sat.
The successful switch to pruned mode is an important milestone.
The current price is a bit below my initial target of 1500, but that ended up being pretty close. I can definitely see upside from here and I'm a buyer at these prices.
The big early miner with 550k coins and unknown intentions is still an overhang but I don't see a huge risk of dumping, especially with the coin at current low prices and showing a lot of promise. Dumping the 550k at this price would only yield about 7 BTC. Whoever went to the trouble of mining all those blocks right away probably would like more than 7 BTC to show for it (and notably didn't sell even at 10k).
Good analysis smooth. I've been buying all the way down.
By coincidence, we bounced off the 1375 floor at the same time pruning hit.
What's the next Big Ticket item for the ecosystem? Dice? Point of Sale? Local merchant acceptance? Dice would show off XCN's speed and dust/spam/bloat-proof characteristics very well. Do we need a CryptoNiteClub next to the Bitcoin Embassy and Monero Hotel?
What about canonical pizza? I'll pay 10,000 XCN for a large with green olives and pineapple.