Post
Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
vokain
on 05/07/2014, 21:58:29 UTC
Why Mastercoin trade volume is so low? We get new centralized exchange and still 24 hour volume worth of $338. In coinmarketcap.com that is same level with Tickets what have higher trade volume. Still price is "+15.63 %"  Shocked http://coinmarketcap.com/volume.html#msc

Speaking objectively, it is because the distribution is low and concentrated in MSC. Like with Bitcoin, the majority of those interested already invested what they were willing to invest in the past, and since  bid support is currently low since it depends on growth and not much has happened in the past couple months, any increasing ask support will send it down like it has been. 'No news is good news', so they say, which I'll admit is not very encouraging.

However, as I understand it, MasterCore as a reference platform will help accelerate development into the other features and there still is $1.8M (3x more than what we first crowdfunded with) to leverage and grow with instead of just simply working under the paradigm of cutting costs. We're reoptimizing effort vs expected output wherever we can with an emphasis of expanding into the most conducive areas of value.