looks like the markets are starting to rebound today, so that's good.
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.
So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?
what is everyone's thoughts?
I think NEM is not as popular as other cryptos, but when someone finds out about NEM, he just buys XEM and sits on it.
Also, daytraders live on hype and NEM doesn't like hype. Low trading volume means that everyone is satisfied with what they have.