sry...I know that coins are going up and down but I just don't understand what is happening right now. I am not panicking or the like, but I would just like to understand what is going on. Why the sudden drop? There must be a reason that I don't see as I am probably not deep enough in the crypto space. But I have been a dmd supporter since 2014. Maybe someone can clarify? Thanks.
If i had to guess I would say it's because people are selling off DMD for BTC for the coming fork of bitcoin gold in order to get that free coin. It makes sense because so many other altcoins have had the same price movement.
What concerns me is that the number of masternodes are growing not increasing, so that may mean that the only people who sold off their DMD were stakers. It couple be more profitable for someone with 10k dmd to just stake now insteadt of run a masternode.
One thing thats important to remember is that dmd is up like 300% this year vs btc, i think it started 2017 at around 15-20ksats. So even at 126k sats its still WAY up.
Some other things to note is that DMD is only really traded on one exchange, if we get more exchanges then more investors could flow in. Another thing is that the market cap is only 16mil, compare that maybe to PIVX which is like 200mil?? Alot of room to grow