Post
Topic
Board Altcoin Discussion
Re: why isn't Auroracoin price increasing?
by
joiblumen
on 05/04/2014, 19:25:19 UTC
In 11 days the total supply of coins has gone from 131,089.5 to 1,098,608.8 ; that is more than an eightfold increase, and most of which to people who have never even heard about crypto currencies. I would say the price has been holding up extremely well.


Lets do a little math to find out exactly how auroracoin has been doing since the airdop on the 25th of March.

Price 25th of March : $13.047
Total supply 25th of March.: 131,089.5 AUR
Real marketcap 25th of March: 13.047*131089.5 = $1,710,324.7

Current Price: $2.03
Current Total supply: 1,098,608.8 AUR
Current real marketcap: $2,230,175.8

The real marketcap has gone up by $519,851 since the airdrop, and if we count in the 22.12% bitcoin pricedrop over those 11 days we could say that the total increase in real marketcap is $2,723,490 - $1,710,324 = $1,013,166. that is an 60% increase.