Novo had some profit takers today, after making over 2500% on the IPO the price was too tasty to resist for some.
All this from making good decisions by reducing max supply from 10 billion to 210000 and introducing a halving soon from 0.1 to 0.05 per block. Miners won't be able to crash the price and if traders sell they might never get back in for the same price.
Witnessing reward will be increased to 0.075 of the reward and miners 0.025.
No pressure on the market and witnesses coins can't be spent until the witness period is done.
Gulden developers developed the witness tech and the Gulden advisory board is watching the positive impact on the price action from the above changes.
I spoke to one of the traders on slack and he says with Gulden because 100 000 new coins are coming onto the market every day and this continues for 35 years more there is no incentive to trade Gulden up because the next day 100 000 coins could be sold back on the exchanges.
Imagine Gulden without this pressure and a brilliant development team. It will be a life changing event.
I had a look at the trading chart for Novo, the price was trading below the ICO price at the end of Feb until the announcement? Trading volume was also 0 or close to 0 on some days. The changes brought life back into that coin that I predicted last year would die and was looking unhealthy on
trader view. The price went up too high, $4 will be an amount I could see myself getting involved because it's still on a low volume exchange, part of the same working / middle class users that invest in Gulden and no marketing.