When I saw Earthcoin got listed on the coinwarz and ranked 1st yesterday, I sold my coins immediately. The high ranking in coinwarz only attracts more miners and increases the supply of Earthcoin. I am not surprised that the price has dropped so hard.
actually more miners does not increase EAC mined....
it is amazing how many people with grade school math skills populate this forum...
the amount of EAC mined is stable
what changes is the difficulty and how many hands hold EAC.
as a rule of thumb: the more people hold a currency, the more valid it becomes.
if only you and your sister hold 100% of a currency, it is worthless.
if you hold 0.005% of a currency that every person on earth holds, you're rich
............. feeling like a teacher for some dumb spoiled brats with too much teletubby time during their development years
depends, if you hold .005% of a pile of crap, then you are not rich, you just have crap on your hands and need to go clean up. More miners increases the difficulty which should make the price rise, if it doesn't and price stays low , then coin starts to suck. Coinwarz attracks the hated multipools to your coin who only mine and dump,driving price dowwwnnn. evil bstrds!!