This has been a fantastic week for DeepOnion, on the day of writing this, DeepOnion hit its highest point since September with a price of over $1.65 on the Cryptopia exchange, the largest platform in which to buy the coin.
Trading volume has also surpassed 90 Thousand dollars in the last 24 hours, a number that has not been experienced since the middle of October, making today one of the most successful days for DeepOnion since the August Rises.
This also caused the market cap to reach the $6m dollars spot. If all the onions were released at this value (18.95m x $1.66) it would give us a huge market cap of $31.5M!!! This would put us as the 154th largest coin on Coinmarket cap, only 28m off the top 100, which would mean once Onion hits a little over $3, we are a top 100 market cap coin after the airdrops and bounties have all been used.
Looking at the 7 day chart we will see several things, whilst typically the coin in prior weeks has taken a hit on the Friday - Sunday, as people drop a number of their Airdrop coins off, this week, Friday remained steady actually rising by 5c with a low volume compared to weds,thurs and Sat before a tremendous rise today. This points to the conclusion that those who are remaining in the Airdrops are holding onto more onions than before, showing the faith the community has in the project.
The Grey part of the chart above shows the daily trading volume, it again appears to be on an uptrend from last weekend, showing the attention that the DeepDomination tasks are having on both volume, and price.
We can see also that if next week continues on the same trend as this week, Weds and Thurs will be strong days, as the no mover period will be in affect limiting the supply of coins that are moved over in the cryptopia exchanges.
DeepDomination tasks have risen to over 50 active on the forums to participate in.
This means that if you successfully complete them all, you are able to recieve 0.075 DeepPoints, with the current payment of 0.0015 per task completed.
Looking at prior weeks Sunday airdrops, this would be enough to net you over 100 Onions for helping to support the community ($166 for showing your support!)
Get involved with the action and awesome community at: