Any chance the price drop is related to the increased circulating coin supply? Went from 5.5bn to 6bn coins
How can they just dump coins like that when the price is already free falling?
Don't think they dumped it. My assumption is it is creeping up due to mining which started on 1st November.
Does anyone know the exact number of coins mined to date?
Based on my mining and some simple modelling I would guesstimate at around 9 million.
I would love to know how you work this out exactly though!
Surely it would be a lot more than 9 million. I came up with around 1 billion. Could be totally wrong however.
Absolutely right always best buy timing is when majority is selling under panic. Electroneum team will make every possible effort to take this ETN token among top 15 markets by the end of the year. There are still more than 330 days left to reach the end of this year. Buy the dip while you have extra funds.
I agree. Mostly it is dropping because the rest of the market is. Now is a great price to get in.