So did anyone manage to pinpoint the reason for the jump in price and volume on Tradesatoshi?
I've been looking for a review or announcement or anything. Nothing obvious is coming up. Normal gradual increases in interest don't usually resemble a pump.
I think that the last few days a lot of new people invited Genesis
And a few good investors ready and waiting for masternodes
Probably contributing factor. But the jump seemed to hit very quickly. Maybe there is a crypto blog somewhere that recommended genx.
Anyway seems to have settled down a bit now.
We had about 10-12 BTC total volume. It's just a few people buying up ready for MN implementation. The distribution of buy order was such that the price quickly rose to fulfill those orders.
Now that they have bought their coins, the price will invariably drop as people try to cash in. A 7x jump is not sustainable but something I imagine we'll far exceed once PoS and MN are implemented.
What is great to see, however, is the increased mining support as people are clearly investing hashrate to obtain MNs.