yup. this is really great news. i dont understand why nvo is not exploding yet. but it will come!
hodl ftw!!!
OG OH!
The the initial value of nvo hasn't increased much, maybe slightly. This is due to the fact that TSWR pumped the coin by compiling the update. In fact the things he mentioned aren't anything new actually, he just made it look a like a big thing/update so people started panic buying.
A single post on Reddit that was essentially a collection of cut and paste snippets from various public sources - and you think this is a pump? You really have no idea how any of this works, do you? No wonder you rage quit, you're just confused by simple market mechanics.
For those of you watching at home, the recent rise is due to new money coming in. The counterparty market is so thin, that any money flow will push it one direction or the other very quickly. The buyer yesterday dumped about $40k of new cash all at once, buying out the already thin ask side and practically quadrupling the value in both BTC and USD terms in a span of 15 minutes. It has since settled to about 2x what it was trading previously, in terms of both BTC and USD. XCP/BTC has been trading sideways since that time, locking in the price in BTC terms, while BTC has fallen against the Dollar, meaning the NVST/USD price has fallen apace with the broader market.
As I am typing this, another several orders for about 10k NVST from new money have been placed and are waiting for confirmation.
There are new buyers coming in. The value is increasing. You've demonstrated yet again your inability to understand how the NVST market works and are projecting your own flawed analysis onto something you simply have no aptitude for.
And yet, you lurk.
edit: the orders have confirmed and were added above the existing bid orders, spread out to try and hide the wall effect. There is now $35k of mostly new money at the top of the bid side, all within about 7-8% of the current price (pretty tight for Counterparty.) Further bids are still below, and represent previous orders
You really like to read through the lines, do you? Of course XCP has most of the percentage gains on nvo as it went to 100 dollars few days back, since nvo is tied with xcp it automatically increase the token value. That's why i said nvo hasn't grown much. In order to grow inherently, the bid price in xcp/nvst should surge, not taking into account the usd value. As I said the new orders are result of two things: xcp plummeting to 50 dollars and TSWR pumping the coin buy copy-pasting (as you said) old updates and putting them together to look appealing. Both of this factor contributed to the higher demand and price "surge", as people who are not in slack thought these were big news.
Look at the hype this "update" has triggered in the above posts here. This confirms my analysis. Be objective for once.