It's actually pretty awesome to have so few coins powered up, especially considering the price of the token is not going down. This gives everyone who has powered up stake even more power over the network, as all liquid coins get devalued by inflation while powered up stake controls 80% of inflation on the network, with the other 20% going to witnesses and the DAO.
There are 137M coins out of 366M coins powered up.
I've never seen it that low.
I think a lot of big players out there are anticipating a spike, and they don't want to get caught with their pants down like last time when we 10xed. This would explain why the correction was so swift when we hit 30+ cents. There's a strong possibility that a lot of money will be exchanging hands soon™. Let's hope that we increase decentralization and get a bunch of new users.
If the value of Hive spikes out of control without coming back down right away people are going to flock to powering up their coins. We get a lot of FOMO when all that "free money" inflation starts rolling in. Especially true if HBD starts trading > $1.
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Well, that’s exactly why I am powering down. To catch one of those random spikes, sell for btc, then buy right back in, hopefully with even more hive + a little profit.
Its that low mostly becouse of the 83M Steemit Inc and Co funds in the dao. If we add those we will be 200M+.
Also what you say make sense ... looks like a bull market is comming and pips want to be liquid :) Meamwhile HP has one of the best APY in the industry.
Oh shit right I forgot about that. Silly me.
Super cool how Coinmarketcap (Binance) decided that money doesn't count for our market cap. Like they actually went in and used programmer resources to change the number. Neat.