Considering the amount of STR that is yet to be distributed, this shit is not going anywhere but down for the foreseeable future.
Read the whitepaper! They are only adding at 1% a year... I use to think exactly what you think here which is what kept.me.from.initially investing. Truth is that the 1% addition each year will have minimal effect on price.
Is that 1% new XLM every year (mining rewards), or just existing XLM that is released from SDF every year? If the latter, is that what the auctions are?
No mining.... it is existing XLM released-