Hey Everybody,
So Pandacoin is down on yesterday but still up over 100% against the start of the year which is a massive plus. I for one have hodl my coins and continue to stake. I've received my first staked coins but I'll do a separate post on that later.
So one of the reason's affecting the downturn appears to be the issues at cryptopia.co.nz which I reported yesterday morning, https://steemit.com/cryptocurrency/@cyrixboy/cryptopia-ltc-and-doge-basemarkets-have-been-temporarily-paused this issue is still ongoing with ZERO volume against all DOGE and LTC markets as shown below:
Why is this an issue you ask ? Well a lot of Panda's volume comes from those two markets and because of the issues with cryptopia.co.nz and DOGE\LTC markets it's affected Panda's trading volumes.
$800,000.00 was trading across those two markets the day before yesterday, that was between 25% and 30% of the volume.
I suspect if and when cryptopia.co.nz resolve their issues we would see an up turn again. I've just looked into the Cryptopia issues and will post separately on it shortly.
Thanks