Re: [ANN][CRW] CROWN (MN-PoS) | Platform | NFT framework | Governance | Masternodes
Very good exchange and analysis seen on Crown's discord that I report here:
Quote
@Crownfan says: "Look - if we tighten the order book and reduce the spread, the "abusive" robots can't do much. action - reaction. crypto is unstoppable.
some teams/projects hire market makers. we have never done this, that's why the btc-crw market is at the charge of the community/traders/bots. the higher the liquidity, the less manipulation. as the liquidity is low, it is easier to manipulate the price - unfortunately this also happens for many other low cap alts (and also high cap - even BTC!). Many alternative operators have been getting rekt due to the rise of BTCs in recent years and the sale of whales, so it is normal that people are cautious and only queue up at the support lines.
It also makes sense that people who use a fiat broker sell when the price of the BTC rises, because their relationship with the fiat is also higher. I guess people use brokers to trade parts and make a profit, so you can't really blame them. But remember, dealers only sell to buy - and buy to sell, so they'll come back if they can make a profit.
Don't be fooled by the fake pumps and develop a self-contained definition of the value of the coin you own or use. Price is and always has been artificial
our big resistance line is at around 900 sats. You see many alts going 3x 4x these days. that is because they managed to break their resistances, which had also been accumulating for a year. For Crown it looks like this:
anything between these ranges is not relevant for the market. Still, there is a lot of spread, which is what causes the effects you mention.
our goal as a project and contributors is to provide a solid code and make it easier for use cases to progress. if these things align, then the market responds accordingly. Seeing it the other way (price -> project relationship) does not get us anywhere.
still, the fixation is there, because Crown depends on valuation to define its available resources.
i hope you can understand so that together we become stronger. its the only way.
@Gohar say: I think every participant in the project can make a positive contribution to the valuation of Crown by consistently using their coins to operate their own nodes. Increased competition for the rewards not only strengthens the network through increased security, but also helps to stabilize the price. As we all know, running nodes costs money. From an economic perspective, the node's rewards should at least cover the costs in the medium term. However, if there is less reward for each node due to increased competition, it will be more difficult to achieve this goal with the same price level. It can therefore be assumed that a continuous increase in the number of nodes will result in a positive price development.
some teams/projects hire market makers. we have never done this, that's why the btc-crw market is at the charge of the community/traders/bots. the higher the liquidity, the less manipulation. as the liquidity is low, it is easier to manipulate the price - unfortunately this also happens for many other low cap alts (and also high cap - even BTC!). Many alternative operators have been getting rekt due to the rise of BTCs in recent years and the sale of whales, so it is normal that people are cautious and only queue up at the support lines.
It also makes sense that people who use a fiat broker sell when the price of the BTC rises, because their relationship with the fiat is also higher. I guess people use brokers to trade parts and make a profit, so you can't really blame them. But remember, dealers only sell to buy - and buy to sell, so they'll come back if they can make a profit.
Don't be fooled by the fake pumps and develop a self-contained definition of the value of the coin you own or use. Price is and always has been artificial
our big resistance line is at around 900 sats. You see many alts going 3x 4x these days. that is because they managed to break their resistances, which had also been accumulating for a year. For Crown it looks like this:
anything between these ranges is not relevant for the market. Still, there is a lot of spread, which is what causes the effects you mention.
our goal as a project and contributors is to provide a solid code and make it easier for use cases to progress. if these things align, then the market responds accordingly. Seeing it the other way (price -> project relationship) does not get us anywhere.
still, the fixation is there, because Crown depends on valuation to define its available resources.
i hope you can understand so that together we become stronger. its the only way.
@Gohar say: I think every participant in the project can make a positive contribution to the valuation of Crown by consistently using their coins to operate their own nodes. Increased competition for the rewards not only strengthens the network through increased security, but also helps to stabilize the price. As we all know, running nodes costs money. From an economic perspective, the node's rewards should at least cover the costs in the medium term. However, if there is less reward for each node due to increased competition, it will be more difficult to achieve this goal with the same price level. It can therefore be assumed that a continuous increase in the number of nodes will result in a positive price development.