obviously the supply is either low or very few holders of the 3 new coins . but I think dig is 202m supply 3B max ...
Yeah, Namaste may have traded at a price of $657 yesterday, but less than two total coins traded for cash and around 23.6 coins traded for BTC.. So very few people are offering it for sale and the ones who are buying it (this goes for all three coins) are only picking up tiny slivers at outrageous prices. It's a worthwhile game to get into for a quick profit... buy a sliver, sell it for more... I made gains for a couple days doing that... but now they are so high in price that I'm thinking the peak is near.. obviously once they release the coins en masse instead of whatever is going on now (which seems to me like a few people at cryptobontix or maybe just Gembul himself throwing out little pieces for sale like baited hooks to see who will bite and then those pieces getting traded around like orchids in the Renaissance), the price will level out... it has too.. but this is comical. The most effective way to invigorate demand of anything is to drastically limit it's supply. With only a few coins of each token being traded daily, that is surely what we are seeing.
Since Cryptobontix's plan eventually is to buy back their own coins to increase their value via decreasing their available supply, this little game of theirs is quite effective, in my eyes, at displaying exactly how that phenomenon will work. I like it