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RE: Curious how BTC gets to $100k? Jerome Powell is going to get us there...
Same happens with Steem on HitBTC... Because there isn't many Steem users buying or selling on HitBTC, price fluctuates more there.
I'm counting on that when my coin gets more exchanges, the liquidity will increase.
More exchanges might also attract third-party developers that bring real value to the coin instead of just trying to scam us with high integration fees.
Again, that's not really comparable. Even with that exchange down, there are a handful of others that are operational processing hundreds of thousands and millions of dollars worth of trades let market forces set prices. Not comparable.
I'm not talking about exchanges being offline or online... I'm talking about relative trading volume.
Not to mention Steem has existed a lot longer so it does have more exchanges to accumulate trading volume...
HitBTC was just the best example of bigger exchange with small trading volume.
The wallets weren't working for STEEM on HitBTC for a long time...
Yet the price dropped to almost 0 even though it should climb up a lot when wallets are disabled...
I am not sure why you are trying to compare your coin to steem when your coin isn't even listed on any exchange and literally has no value whatsoever. Perhaps it will someday, but not currently.
My coin is listed on an exchange with 3 pairs.
With a grand total trading volume of a couple dollars on those trading pairs combined...
That's because trading volume is calculated from closing rate, not daily peak rate...
Closing rate is almost always low because people buy back cheap coins before selling them at higher rate...
The thing is that even the closing rate is going up from the lowest low...