Quote from: kidjim on April 24, 2017, 04:34:55 PM

Quote from: generalizethis on April 21, 2017, 12:05:40 AM

CAN production went up 10x, but the price is about double in correlation: 1.6mil @ 3,000 to 16mil @ 600. The tendency of the market has always been to hoard CAN, so no telling where the price steadies (I say steadies as CAN"s always been a volatile market).

I was confused about CAN flooding via registration even before the 420 dividend, but you're right in that there seems to be little rhyme or reason to the price for the most part. There were some major consumption events right after the dividend, and I expected to see more, but the Top of the World scores have certainly reflected cheap CAN (need to consume 3k+ to get near the top 5 now).

With all the bot-registrations increasing the CAN supply, the price still is 3x the inflation price. CAN is always in demand and whales love to hoard it, so the pressure always ends up increasing the price. Risto's tried all kinds of controls to get it at a target price (500 at one time), but nothing works