One thing I don't understand about nem, maybe you guys can help explain it.
On our best days, we may hit $1 million in volume.. normally it's around $500,000 give or take.
All the other coins in the top 15 are at least $2 million volume, others are at 15, 28, 11, and 5 million
Why is the volume so low for a coin with a market cap of over $100 million? Not a whole lot of buying and selling going on obviously, so how is the cap so high?
or is that based on the value of the coin? Like if nem were valued at $1 each, our trade volume would be tens of millions, but since it isn't, volume is only 500k?
No mining is the answer. That automatically hugely reduces the need to sell. Miners have to constantly get rid to pay bills.
NEM is one of the few up there with no inflation right now so its behaviour will always be very different.
Oh and no recent ICO either. That breeds (more) pumpers and dumpers en masse due to the vested interests.