Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏

Do DEV have any update about new markets? That would be nice to know...

And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?

is the Coin OK the why the price drop??

Sure is ok.
Price drop as market strategy to buy more cheap by holders.
They buy 1000 as example at any price and after that they will put them to sell at very low price more than buy offers.
After that scared people will start to put on sell lower than them and than they buy all at price they want.
Miners will not sell only at decent price now more than 0.0001 because they use energy for mining.
That is my opinion.
BR.

The coin is just fine, 2 things affecting sumo's price at the moment 1. Nicehashers wanting to pay their nicehash bills (so they will sell at any price) 2. The uneasiness of the entire crypto world due to the upcoming bitcoin fork (this affects all coins)

SUMO emission will only increase till 2021 so I doubt we will see any higher prices til then. But who knows, since it is 4 years till then.

I don't get it, Sumo will increase yes indeed but not in a disproportionnal way, so when the coin will be more known, more buyers will buy the coins mined.. Today it is like 10k Sumos per day, and it will be higher with time but I do not get why do you think price will not be higher. I think this is a really wrong statement to make. O

I am pretty sure that will happen. SUMO price should hit bottom in 2020 or even latter. Just go research all PoW coins and their emission and you will see that. But as I said till 2020 is long long time so is hard to predict. But what I am 100% sure is that there will be way cheaper coins as are today at least at one point in future.