I first posted about pivx a day or so ago...
at that time it went for about 30 to 40 cents. At the time of my writing this, its doing quite well just above above 70 cents. With a growing market cap near 40 million.
In a single day alone we've seen some fluctuation for the positive in pivx. (let alone this whole past week)
Only question I have though.. Is why?
I know many would rather just enjoy the ride but I'd like to know the mechanics behind it all.
I think its safe to say money is definitely shifting in crypto right now. We're seeing the trend of up and coming alt coins really explode over the past few months. Where bitcoin was once the unquestionable king, it's clear to see that crypto in general is growing extremely fast in popularity and even out of necessity in some parts of the world. So I imagine with the current waves going on with bitcoin right now, people are looking into new options with crypto.
Could it be recent talk about DASH being a scam?
I don't know where the topic first came up but Ive been seeing it pop up more and more. PIVX being based off DASH maybe some see it as an alternative or even a way to hedge that bet? ( I have nothing against DASH, in fact I use genesis to mine for DASH)
PIVX is already POS
Maybe since its already proof of stake people want to get in while its relatively easy financially. The ability to generate additional coin while simply maintaining a wallet is a very attractive offer to a lot of people. Let alone lessening the impact on the environment (and your electricity bills if you run miners)
Possibly the touted importance of users anonymity by PIVX
This is nothing new with crypto, but it never hurts to let people know its a focus of the dev team!
