Re: [ANN] Lykke - Semi-decentralized Exchange on the Blockchain
Guys that is easily explained and a real validation of the Lykke project.
The futures price can be above or below the spot price, when its above the spot price it is what in finance speak we call contango.
https://en.wikipedia.org/wiki/Contango
When an asset is in Contango it usually indicates the market view that the spot price (which is LKK in this case) in the future will move up.
Putting my finance & investment background to good use
But how can it be higher than LKK? That doesn't make any sense.
I have no idea tbh.. ;-)
The futures price can be above or below the spot price, when its above the spot price it is what in finance speak we call contango.
https://en.wikipedia.org/wiki/Contango
When an asset is in Contango it usually indicates the market view that the spot price (which is LKK in this case) in the future will move up.
Putting my finance & investment background to good use
@mtnsaa: The LKK1Y-price results out of real demand. ;-)
But how can it be higher than LKK? That doesn't make any sense.
I have no idea tbh.. ;-)
Awesome, you learn something new everyday. Apparently (it was already confirmed by tempus) but slack conversations from Lykke team also concur that it's all natural/organic trading and demand. I'm not sure how exact are the trading/volume numbers on coinmarketcap but that has been increasing for weeks too.