It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over ( for now ) ?
I rather hope it is a long stable rise, XMR is one of my favourite coins and have huge potential.
More and more investors notice it.
I really couldn't understand the reason behind monero's success. I was targeting $200 for monero and I already sold my holdings before we get there and after all, it reached and passed $300. This is big.
You should monitor more. This project took $1 million if i am not mistaken. Everyone was expecting it before Christmas. and sort for Globee was sponsor of some meeting tomorrow and on their Twitter they announced they have a big news. so all that monitored Monero should know.
On general we see that development itself dont drive price up. But I guess helps it stay up. What drives price up are wider adoption and marketing. What Bithumb did and now Project Coral Reef. My point is that those that expect that price of Monero will go x3 because of HW and multisig might be disappointed. But we all know that that is more important then Project Coral Reef or listing on Bithumb.
We had $650 millions of volume what is way more then in past but. I am sure in BTC is not that much more then old biggest volumes. We need to understand that BTC is now almost 20 times more then a year ago. and at least on Poloniex price was hitting 0.0225 but just could not break over it.
Interesting and I agree,
May I ask you're ballpark guess on XMR price this time next year in BTC terms and USD terms?
Obviously not asking for prediction of future, just interested in your guess, given your interesting sentiment.