Quote from: orangecycle on June 28, 2016, 01:02:13 PM

Quote from: stealth923 on June 28, 2016, 12:40:29 PM

lol @ the insane NEM pump thats going on.

Imagine if Dash was getting those kinds of volumes again - we would be seeing $30-40+ a coin

I suspect the rise is due in part to news of real-world use of the NEM blockchain. http://www.econotimes.com/Metro-Money-Exchange-selects-Dragonfly-Fintech-for-blockchain-based-payment-solution-224511

When Dash gets used to solve real-world problems, the volume changes will be fun to watch.

I actually think it has much more to do with the coin supply and the fact that it is a proof of stake currency, one small start up making an announcement hardly justifies 100M marketcap. In crypto we tend to forget some fundamentals and compare the marketcap of a cryptocurrency as if it was the same as a company but it is not. In a company you have more information to judge with like the price to earnings ratio and a company's hard assets. In crypto is harder to determine if a valuation makes sense, but in this case it does not make sense to me. Just because someone paid one cent for one of this tokens recently it does not mean the project is worth 100M.

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8,999,999,999 XEM were distributed to 1,500 initial stakeholders and to several multi-signature secured funds for marketing, distribution to late redeemers, operational costs, development, node rewards etc.