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!
You're far from the real number!
Blockchain height is 135389 and each block rewards on average more than 7000 ETN, so it makes more than: 135389 x 7000 = 947 723 000 ETN
According to
https://coinmarketcap.com/currencies/electroneum/ there are 6 005 593 585 ETN in circulating supply.