Its a interesting coin for sure. Mining stays consistent, but nobody is buying nor selling. Does that mean that JouleCoin didn't find its market yet?
It just kinda hovers between HODL-ers and those that don't wanna buy at these levels.
Morning, Akaro. I am confident to have a crack at this one:
we saw this phenomenon in the year and a half after the December, 2013, spike. Bitcoin was down in price, and the alts took their cue from that.
If you take a tour down the one-year charts on CMC today, you will see
dozens and dozens of alts with price-charts exactly the same as ours.
Everybody is certain that Bitcoin and alts will rise steadily in price in coming years, probably by very large amounts. But at this
very second . . . we're all hoping to quietly pick up just a little more XJO at rock-bottom prices. We're letting the market 'drift down to us.'
Between 120 and 130 sats on Cryptopia, there are bids for over
two million XJO. But on the high side? About fifteen thou will take you to 165.
What's going on is normal and positive.