Re: [ANN] BlackCoin (BC) | on exchanges | PoS

but at $1, you're looking at $60+ million of fresh capital being injected

No.

Um, how so? How else is a coin suppose to make it to $75 million dollar market cap from $9.x when the majority of the coins are held by longs? That value increase has to come from new capital, obviously. Doesn't matter if it is from outside USD exchanged in or conversion of other alts, it's still new money to drive up the cost per coin.

I am going to ask you a serious question. Do you know how much capital was poured into BC in just one night?

No, and no one does because the 24 hour volume exchanged is just that, volume. Could entirely be comprised of traders flipping back and forth. Even if you took at as $1m in new money, it's not enough on a daily basis to reach a valuation of $75m in market cap.