Let's don't mix two things. Price is one and the volume the other. I am not talking about the price here. It is how it is, I don't care about price of ZEIT now, although if not pegged to LTC by Cryptsy, it could have been in some other place.
What I am talking here is volume of the trades and namely, the remaining 3 out of 4 exchanges are so called dust exchanges. Not bad if you want to have it on the list in the OP, but not bringing much liquidity overall. On a bad day like last 24 hours where total volume was $57 the proportion between Cryptsy and the rest was 75:25. On a days with higher volume the share of Cryptsy has increased usually to 90-95%.
Volume is always an interesting discussion, right now BTC probably has the most honest volume , but a large part of it is from altcoin & fiat trading.
All of the rest are still functioning as commodities not currencies, even BTC with its high volume is still basically a commodity.
Most of those alt coins are just Wash trading to up their volume, so aside from BTC & LTC , I take their numbers with a grain of salt.
ZEIT will survive & prosper no matter what happens with the exchanges.
Because at the end of the day, we are more than a commodity, more than a currency,
ZEIT is a Virtual Resource that can bridge the virtual & physical worlds.
Right now just holding
ZEIT gives 20% , so everyone is holding which decreases volume.
And the miners who have a massive amount are still dumping, don't forget our Chinese friend that unloaded 40 million recently , left over from pow mining.
And the traders place low buy orders, which the pow miners dump into and then traders resell it at a higher wall to earn profit, but they also cause a downward price pressure.
But here is a happy thought.
On Cryptopia our trading volume measured in Zeit for only the 21st , is over 3½ million Zeitcoins.
With the current price it is only ~$11. But when the price of Zeit is only $ 0.005 (half a penny) that exact same trading volume is over $17 thousand dollars.
So the $ liquidity everyone wants , will come as our price increases, in fact we have the liquidity now , it is just that the pow dumpers and day traders are crushing the price. As the Knights grow in numbers & strength and Zeit drops to a 5% rate, we shall overpower the day traders & whatever is left of the pow dumpers.
