I generally don't like to post the piece of information, which discuss the speculative or pricing issues.
However, today I wake up in the morning to check that #pob prices have gone down by 49% or more. This was the first shock I felt. I really felt bad seeing these levels of prices for #pob.
This made me think about the developments in the last couple of weeks. Though the community is calm otherwise, there are many things going behind the scenes it seems.
From the high of 2.28 Hive/POB on 14th June, within less than 2 months time the prices have reduced down to 0.4 Hive/POB which is not even one fifth of the prices on 14th June.
Looking at the depth of the trade transactions, it is pretty clear that the selling wall in becoming bigger, indicating that the selling pressure is mounting daily.
Total staked percentage of tokens in 89%, which means 11% of the total 1.1 million tokens are available for trade.
Here I have couple of suggestions to arrest the fall in the prices
We need to incentivize the staking phenomenon - Anybody who is posting any article with evidence of staking more than at least 150 POB in a week's time can expect a full vote from my account.
We need to penalize or tax the usage of the tag #pob from other front-ends. This would help to arrest the supply in the hands of those who are considering the tokens as another alternative tokens and sell them as soon as they realize. #leofinance, which is the closest competitor of #pob on hive-engine in terms of prices imposes such tax.
We need to get aggressive and start the downvoting of plagiarized content. Though
and
have created an effective mechanism to report the spam, we also need to apply more downvotes. This will have significant impact on the token generation, making the supply limited.