how you said that? the price still very low
there were a few days where it has risen above 100 but without any significant buying and selling orders. meaning: it was a fluctuating price on very small orders. The difference now is that the current buy orders are slowly but steady start to become a serious amount of demand and this will move the market upwards without the swingy effect of seeing trades with 120 high and 80 low in one single hour.
To you the 'current price' might be low, but I challenge you to buy one bitcoin worth of blue at the 'current price' of 65. Somebody tried to buy a full bitcoin at 63 and has bought 0.06 btc now, somebody tried to buy 0.2 btc at 64 and has now bought about 0.035. So yes, price might be low, but if you wish to buy a full bitcoin you'd have to beat the current buying orders which will result in you phased buying BLU up to 85 as the market will respond to it as well.
Just look at the sale order list. People don't wanna sell. They know where its going.
Look at the buy order list. People want to buy. They know where its going...
Conclusion: the current price is relative considering demand and supply. The coin rallied based on a sick amount of very small orders overall creating some acknowledgable trading volume, but without seriously filled order books. Right now you see the demand growing at rapid rate, looking at the buy orders and the supply being small, looking at sell orders.
I bet ya 1000 BLU that within the next 6 hours the market will start buying from that 85 sell order. If you wanna take the bet, plz post ur blu addy and ill post mine, so community can verify payment
