Bytecoin seems to be making a move, might overtake Dash? Is it a competitor to Dash?
Not sure if it's a direct competitor - I'm thinking no but I could be wrong
and
It's still $5,000,000 away from us - probably won't even touch our $20 Million level :-P
Easy to move when there are 175,181,619,463 BCN and the volume is $50k. This has nothing to do with the tech stats of the coin, just saying that there is little volume and huge amounts of coins out there... It can go up 200% or drop 95% in a blink of an eye.
Good luck to all those supporting that coin, as we all just want to back the one we feel comfortable with...
Bytecoin has a significant pre-mine (82%), so it's fairly easy to raise the price because the "insiders" control almost all of the coinsupply. This has nothing to do with the total amount of coins but rather with the percentage owned. Furthermore, dogecoin also has around 100 billion coins and their price is surely not as easy to pump as Bytecoin's. On top of that, 75% of Bytecoin's volume is done on HitBtc which is kind of a sketchy exchange (see ->
).