Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise
by
Btc_1856
on 16/05/2019, 05:39:09 UTC

One thing I have noticed is that today the volumes are down. So the only explanation for the recent price movement is that the supply remained the same, while the demand showed a decline.

Well, except that the supply increased by some 70-80k coins since yesterday...

Got to remember the high emission rate from mining and staking  Wink
This is a big reason why this coin should and will be very volitile regardless of what is going on in the background.

There is no stable price this coin can hold in the short term.

Every coin will do the same thing in the market once the circulating supply starts increasing automatically the price of a coin will start decreasing in the market. The coin price will start increasing again after some time when the real developments from the team what they mentioned in the roadmap.