Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - zkSNARKs 21b max POW-Equihash No-Premine No-Dev Tax
by
Trafo
on 27/04/2018, 16:46:04 UTC
Listing a low market cap coin on a huge exchange is not a good idea.

Look what happened to SunContract. Hard working developers, very promising future project yet it's listed on OKEX and the day traders are playing with it because few times they traded 35% of the market cap in one day.
It's ridiculous.

It might be risky, but if you see the 24 hour volume of BitcoinZ (7,8 BTC currently) compared to the total market capitalisation of the circulating supply (717 BTC), than you realize that the daily trade with BitcoinZ is only 1% of the total market cap of coins available.  

This means that there is plenty more space for BitcoinZ to further transactions, therefore the introduction to more exchanges with higher volume is the right decision.
I am really curious how the daily volume and price will increase in may after BTCZ will be listed on Coinbene!

--------------------------
BitcoinZ: Innovation for a Better World!