Topic: why isn't Auroracoin price increasing? (Read 999 times)

BCX said it so i agree

no but seriously that is a sensible response you guys gave whether i hate this coin with a passion or not lol

it's nice to see calm and rational thinking about things.. this topic stands out.

and guys notice how there is a bunch of you that run around claiming lately BCX likes to start *unreasonable conspiracy theories etc ?
if that was true why didn't he do that for this scam coin AUR topic then ? seems this topic would be a perfect candidate for that if you wanted.
i am pretty sure he has an aggressive negative stance on this coin as i do but the response you guys got here from him and the others was nothing but facts and reality,
whether it's good or bad.. it is what is is.

it's a refreshing breath of fresh air in a stagnant dying scene riddled with scammy behavior that is choking the life out of our Altcoin scene.
we need to get over the childish fanboyism and cheerleading and strive to see the facts and sometimes that's going to be taking bad news dry.

first coin i got into when i got here almost 1 year ago was FTC and what i viewed is what seemed like haters because of how convincing the dev's propaganda was..
didn't take me too long to realize FTC is going no where and it really truly is a useless Litecoin clone with no worthy future.
i was suckered and i had to man up about it and move on.. they got me, the scammers around this scene are very convincing lol
question everything.

It wouldn't make sense for the coin price to increase after the airdrop. Before drop is speculation but now people have cashed many coins out to btc.

Look at the figures and you'll see. So many coins. People need to learn that cryptos value just doesnt keep rising. It falls too.

Market cap has been halved in a few days... The hit is hard. 
I really think it needs to be even lower in order to gain traction. I will say at least something in the lower 100,000 satoshi range.
When no more hope and speculation arrives, and everyone just forget about it, then will be a nice asset to own a few.
Such is the market, always been like that 

In 11 days the total supply of coins has gone from 131,089.5 to 1,098,608.8 ; that is more than an eightfold increase, and most of which to people who have never even heard about crypto currencies. I would say the price has been holding up extremely well.


Lets do a little math to find out exactly how auroracoin has been doing since the airdop on the 25th of March.

Price 25th of March : $13.047
Total supply 25th of March.: 131,089.5 AUR
Real marketcap 25th of March: 13.047*131089.5 = $1,710,324.7

Current Price: $2.03
Current Total supply: 1,098,608.8 AUR
Current real marketcap: $2,230,175.8

The real marketcap has gone up by $519,851 since the airdrop, and if we count in the 22.12% bitcoin pricedrop over those 11 days we could say that the total increase in real marketcap is $2,723,490 - $1,710,324 = $1,013,166. that is an 60% increase.

Auroracoin has such a good network started for the merchants. People are openly trading merchandise for Auroracoin, just like Bitcoin and Litecoin, but the price keeps falling.

Why?

Isn't there a demand for a cryptocurrency that can be traded widely?

Obviously Auroracoin is young, its value has not been realized, but I think it is undervalued currently and has a bright future ahead, just like Bitcoin and Litecoin.

Does it need to be promoted more or what?