What did you guys thinking about coin value? Last 2-3 days it's slowly falls down. You are all voting Cryptsy to add DGB but did you now what happens with 80% of coins value when coin hits Cryptsy? Big dumps and quickly devalue. Take care with this. Are DGB really needs Cryptsy right now? May be some kind of work required to value rising right now before Cryptsy adds it?
Too many easily mined coins, to low difficulty.
That's the price you pay for being high on Coinwarz.
The explanation for big falls on cryptsy is due to 2 reasons:
1. It's often the first exchange a coin is listed on, so no one is sure of the market value. hence it starts high & then falls; or
2. The coin is too profitable to mine & gets hit by multipools. This causes the mining profitability to plummet, driving away the loyal user base, and also multipool users often use Cryptsy's "autosell" function, which drives the price way down beyond what even a loyal user base can counteract.
This weekend Digibyte has seen the network hash up approx 50% and a commensurate rise in difficulty. To be honest this is what we want as it means more people are engaging & also lowering the mining profitability, which lowers the attractiveness to multipools. In addition, the price is well established via Coinmarket & Coinedup, which are now largely in parity with each other. (for whatever reason this seems to have dropped in the past hour or so)
The price rises & falls in waves, but that is to be expected with relatively low volume. IMHO things are looking good for the medium to long term, but if you are focused on short term movement you're probably better off in something else. no offense.