Yes, $5 is really low price now. But just to know he can be a lower price. First day when Minex going to market the price was $1. Seems we are going to this moment again.
I hope listing on Hitbtc can help and make more decentralized mnx market. I think I read somewhere that trading bot on Livecoin ruin the price.
It is clearly seen at CMC that only 4 coins out of top-100 are in green, so this is a current trend actually. In the morning MNX was also green, someone even was surprised.
But you can't deny that whatever the overall trend is, MNX went from the position 90 something to 295 right now in a month and a half.
Much more: at 4.86$, it's not interesting to mine MNX anymore.
Right now
http://eu.minexpool.nl/stats shows 58 Msols/s for a Network Hash/s of 81.95 MSol/s.
As the total of all the other pools doesn't make more than 5MSols/s, that means someone is mining it solo for almost 20Msols/s, which is enormous.
Maybe the Team or some associates/investors trying to keep it alive?
I don't know, but minexpool hashrate is going down, I'm quitting mining MNX (while I supported it for 6 months), and I guess many will follow; again, at this price it's not worth it.
This isn't FUD - but FACTS.
If people leaving Minex coin it is not a good signal. although I think that miners dumping price because they sell his coina no matters what is the price.
although it is a complete market in red Here is some action needed to stop falling