Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
A little food for thought. I like looking at historical price data to assess a project.
Exactly 1 year ago on June 21, 2017, KMD price was around $2.11 while BTC price was $2700. KMD volume at this time was around 1.2 mil.
Today, KMD price is around $1.81 and BTC is at around $6700. KMD volume is currently about $300k.
So was KMD overvalued 1 year ago or incredibly undervalued today? Alot of good things have happened in a year for KMD. Much improved wallet, release of BarterDEX, 3 DICOs going with more to come, plus many more things in the pipeline. Bottom line is great, working tech.
Next question is, if KMD is undervalued, then why? Is the market really that stupid or is it another issue? The tech is sound, so should this be a wake up call for the marketing team? I don't know. Just something to think about.
Part of what you're not taking into account is that all markets went, pretty much, insane just before the time of your base comparison.Exactly 1 year ago on June 21, 2017, KMD price was around $2.11 while BTC price was $2700. KMD volume at this time was around 1.2 mil.
Today, KMD price is around $1.81 and BTC is at around $6700. KMD volume is currently about $300k.
So was KMD overvalued 1 year ago or incredibly undervalued today? Alot of good things have happened in a year for KMD. Much improved wallet, release of BarterDEX, 3 DICOs going with more to come, plus many more things in the pipeline. Bottom line is great, working tech.
Next question is, if KMD is undervalued, then why? Is the market really that stupid or is it another issue? The tech is sound, so should this be a wake up call for the marketing team? I don't know. Just something to think about.
Once you get past that, you should ignore the pseudo USD price of combining mutiple markets to arrive at a "price" that's not truely a legitimate value.
Now, let's look at real markets:
March 14, 2017 - KMD/BTC - 0.00000751
April 14, 2017 - KMD/BTC - 0.00011952
Dec 11, 2017 - KMD/BTC - 0.00018155
June 20, 2018 - KMD/BTC - 0.00027889
Plot it all on a realistic trendline and you get:
Even the massive "crashes" that amount to nothing more than realistic corrections end up on an upward trend.
Where did you obtain those numbers? They don't seem to correlate with what's on CMC. Also seems a bit like you're cherry picking dates to make your data look like what you want. I'm simply just comparing today to exactly one year ago to make a point that even though KMD has advanced so much tech-wise, the price has gone the opposite direction in terms of BTC.
I'm not trying to FUD. Was just wanting to strike up a conversation and see if anyone could come up with a good reason/solution. Not sure where all these fudders suddenly came out from. Reminds me of why I don't hang out in these forums much anymore.