There is no continued rise, the dump will happen. At this moment we are all playing roulette on when it will all come down. The thing that is keeping the price up is the hype around DNM adoption.
Come Sept 1, when DNM Oasis and AlphaBay both starting using XMR... if for some reason we low volume or lower than expected usage I can see the price come tumbling down. But from now to Sept 1st everyone is riding the hype train and it is much harder to manipulate the price down.
So... Any news on this? Are volumes holding up, are people actually using this thing?
Out of all listings on Alphabay, which add up to 46878 at the time of this post, 2561 accept Monero already. This is roughly 5.5%.
Vendors are conducting 'experiments' by accepting Monero only on few of their listings, to see if there is any interest. We should see rapid adoption when (and if) people start using XMR to buy stuff.
It is funny because I am thinking which Monero holders will now buy drugs on Alphabay.
The best move for the Monero team right now is to set up more infrastructure to buy XMR easier for those people who are interested. It would be better for more shapeshift type of service where the buyer can be anonymous. So maybe a service like localbitcoins for the darknet is a good idea.I noticed that the localmonero.com domain was available until less than 2 weeks ago, so maybe something will come of it?
In the meantime, can't video game tokens/assets be sold on ebay? The rules allow for this, don't they?