Well , i really hoped this could at least got a starting price of at least 100 sats , before massive dropping to north 20s , but i was wrong.
This price will most probably never ever got above 100 at least for 6-7 months more.
Even NBR ( NIOBIO CASH ) which is still a CN coin , on the shitcoins level , managed to get above 160 sat the first day of trading on the CREX24 exchange. And it is now at 45-60 sat which is like 10x more than EDL.
Long story short , drop this coin guys. Dont even mine it. I will keep my bag of 200.000 for a while it seems...
Dude, you don't even know what you are talking about. You can mine 10x more EDL than NBR...
I mentioned NBR as an example of a newlly introduced CN coin and its performance on Day 1 in an exchange, pal. NBR is still a crap coin. But it earned me some pretty nice profits when i dumped it at 150sats.
I was expecting to do the same with EDL and then re purchase the same amount for less sats but that didnt work.
Also let me give you a small advise.
Next time you ll try to be clever about cryptos and mining performance/rewards Vs price to somebody that does that for a long time, please try to take into consideration some key pricing factors like the total supply of a coin , the potential of the tech itself and the mining rewards.
EDL has a 7.500.000.000 max supply with a 3500coins/block reward while NBR has 336.000.000 max supply with 1000coins/block.
At this moment mining EDL is indeed 10x more than NBR but NBR costs 10times more. So , mining profit is almost the same.
( NBR is priced around 80 sats while EDL is still 3-5 sats ).
I am not saying that EDL will stuck at this price , it will inevitably grow BUT what i clearly stated in my post was EDL's poor first day performance.
And dont forget that EDL , as a coin with 3 times more rewards than NBR and 20 more max supply will most probably never reach the 250 sats level. At least for the next couple of years.
Hope you did the maths now "dude".