RE: ¯\_(ツ)_/¯ Market Watch!

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¯\_(ツ)_/¯ Market Watch!

in bitcoin •  7 years ago 

I noticed the drop in ETN happened when the +300% announcement happened. I suspect the sharp increase in supply lowered the value of what is out there

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Good catch! I very much agree. Doesn't take long for the price to adjust and reflect new value. I appreciate the move by ETN though, it should be about 1 ETN per day mining.

The price only dropped by roughly 15%. If you figure you're earning 3x more coins... I'd say that evens out nicely!