It's a direct reflection of market sentiment. The next major update is in regards to the OS we are building up and a lot of people are patiently waiting to get their hands on it. If you remember the first ann post on the keycoin dev account. We stated there that we are not looking to build something that goes up and falls, we are looking to build something that has steady growth, to create a safe and fun trading experience. While it may be too early to declare we have succeeded in that fully, we are certainly looking at the foundation for a long term coin. Something to give us the opportunity of being early adopters once again.
Gotta say great job to who ever is behind keeping the price around 200k. Boosts my confidence and probably everyone else.
I second what Pr0m3theus has said as I'm sure people are still buying at 200k knowing where the price is heading. I've been slowly picking more off between 200 and 210 these last few days. It's been tough getting them though as it looks like I'm not the only one.