Big price jumps are not going to happen without big exchanges and we all know that. We can have moments of joy when price jumps on low volume, but thats it, only moment.
SFX mentioned in altcoinbuzz.io 's top 8 micro cap gems citing the marketplace protocol completion and gui release as part of why SFX is worth considering.
ranging in 50 - 60 sat area has been taking place, RSI still in the lows
high volatility: low of 51 sat and high of 125 sat was reached
idea: bottom of 50 - 60 sat area will hold, next up move incoming
as suggested, 50 sat support has held and move up taken place
an increase of the total network hashrate increased the cost of mining and adds to the support of a higher price level
Safex Cash snapshot since Coinmarketcap.com started tracking SFX since around exactly 1 year ago. (November 5th, 2019, remember remember)
Since then, we have xcalibra.com price fully tracking on coinmarketcap (April 2020).
You can start to see volume in April 2020, with a small price rise edging towards $1m marketcap
Through May, the launch of SFXOS, got more people mining, hashrate went up, caught attention of larger miners, more distributed coin supply as a result, price stayed constant.
My read on the situation now, is interest in the launch post finish off of the Safex Marketplace, mining continues to increase.
evident in the hashrate chart @cryptooli posted previously.
some history and milestone connections how I see it
Although a new exchange on the market, it is also a new exchange for Safex Cash. This comes unsolicited, yet it seems that based on the website text it is an exchange for proof of work coins.
Posting this here, to see how things progress onward, as a documentary of the first spontaneously generated exchange listing for Safex
Trading opened at 0.02 USD - currently at 0.037 USD. SFX were distributed to program participants, SFX deposits and withdrawals are not opened yet.
After opening of deposits and withdrawals, SFX can be expected to find a new price level on all available exchanges. With more listings incoming, we have exciting days and weeks ahead.
