Move over Dogecoin, there's a new contender in town.
[...] At the time of writing one Catoincoin is over 200 times more valuable than a single Dogecoin, being valued at 0.001049 BTC per coin, compared to 0.00000058 BTC per Dogecoin. (Source: https://coinedup.com/). [...]
200? Those values add up to one Catcoin being worth as much as 1800 Dogecoins.[...] At the time of writing one Catoincoin is over 200 times more valuable than a single Dogecoin, being valued at 0.001049 BTC per coin, compared to 0.00000058 BTC per Dogecoin. (Source: https://coinedup.com/). [...]
Also, the Dogecoin comparison is good as an opener, but I would take out the comparison towards the end:
Quote from: Nullu
Just a week since launch and this new digital currency has gained the same attention as Dogecoin once did
This was already stated exactly that way as an opening statement and you've already expressed that we're taking it one level further than doge. The rest of the last paragraph is really strong, I like it.Quote from: Nullu
Catcoin more closely resembles Bitcoin in terms of its overall mining difficulty and circulation
It's actually the same as far as I know, maybe we should emphasize on that?Just a few thoughts, overall I like it so far though
Also the glaring fact that DOGE is a poor investment. With 50 BTC a day of coins being dumped by miners it's not going to let the price rise for at least 6 weeks at block
halving. Even after halving it's still 25 BTC a day dumped.
CAT has only about 10 BTC of coins being made per day.
720,000,000 million doge dumped per day OR 9,000 CAT. You pick.
With 160-260 BTC of volume per day so far... where will people get their coins? Not from miners. They will have to buy them
from sellers. Where are the sellers? They are shrinking in supply as price rises.
Are you saying the market is drying up?
For what?
A market "drying up" would mean no volume.
CAT is one of the most traded ALT coins in the world.
You don't want a coin to be mined to hell. DOGE dumps so many mined coins on it's buyers that the price goes down.
CAT is more like BTC. The same actually. So high volume of CAT + low coins being made = price rises.
So..as coins continue to exchange hands, and sellers continue to sell their coins, and the coins gradually become more scarce on the market, the value will naturally increase with demand, meaning minting (mining) will in turn also increase to match the demand on the market which is a result of the gradual decrease in available coins for sale?
That sound about right?