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?
Because since around 6 months ago, lots of "not so smart money" began entering crypto market.
Most of the daytraders now dont understand technology, the just see numbers on markets.
Since nem has "no maeketing" ( which means no hype on crypto forums ) there is no volume.
I actually think, lots of money from online gambling sites is flowing strait to shitcoins through poloniex.