Looking at the profitability of GPUs, I'm led to believe that Ravencoin may see a resurgence in price as miners are forced to move to mining it for revenue.
Any other thoughts on the subject?
In the end what determines is the price of hashrate and if the people mining it is willing to sell it lower than what they mine or not, bear market is normal for people to sell for much less than what is worth because people do need money to pay things they cant pay using crypto and even if they pay using cryptos, market price is market price and therefore will have no difference paying in crypto or fiat directly. Ravencoin follows the same concept as bitcoin, halving every few years, meaning ravencoin no matter how much people want, will never have a huge increase in price, ergo on the other side its supply will keep decreasing every 3 months or so, so ergo have 90% of a chance to hugely increase in price, not going to be surprised if ergo hits 300 usd or more next bullrun, on the other hand, if ravencoin hits 1 usd next bullrun is good enough.
Price does not follow hashrate, hashrate follows price. When prices goes up generally hashrate goes up. When hashrate goes up, it doesn’t mean price will go up.
Yeah price does not follow hashrate, demand, speculation and hype do.
Good points Metroid, but why just Ergo and Ravencoin? I though that Flux will be on that list because of it's usability, the project is very useful more than others what do you think about this project? Or ergo is better in your own word?.