The traders has taken their interest in this coin once again, they are giving a little life to ethereum, but the traders do not keep coins with themselves for longer and they do not use coins for purchases so it is not sure that with the current ups and dumps its success is coming.
I like to think the boost is Intel and AMD maybe even Nvidia.
Once the Dao shit was settled all three major companies have an interest in this coin doing well.
I have 7or 8 pcs 9 cards on hand and 7 more on order.
A good GPU coin sells lot of gear for the companies above.
They don't need to buy a lot to push the price.
https://coinmarketcap.com
# Name---------------Market Cap--------------Price------Available Supply------Volume (24h)----% Change (24h)
1 Bitcoin Bitcoin $ 10,244,837,003---$ 649.53.....15,772,644 BTC.......$ 132,865,000>>>>> -2.29 %
2 Ethereum Ethereum $ 1,216,733,880----$ 14.79.....82,246,203 ETH....... $ 74,392,100>>>>> 17.42 %
so 74 million cash was spent buying and selling eth coins.
so if Intel AMD and Nvida purchased 15,000,000 in coins say 1 million coins that would be the boost in the price.
They can hold the coins or slowly sell them back over 30 days.
Then buy 1,000,000 coins again slowly sell them back over 30 days.
This would prop the coin up and make many more pc sales then the total cost of buying in a big shot then slowly unloading them over time..
May actually be legal for them to do it.
