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coinmarketcap.com charts over 190 altcoins. 30 day chart: http://coinmarketcap.com/aur_30.html http://coinmarketcap.com/aur_30.html 7 day chart: http://coin

• gus_massa 13y ago
  Yes, it’s sinking, but this drop is caused by another problem. The pessimistic interpretation says that this is caused by a pump and dump scheme. The optimistic interpretation says that Auroracoin was heavily (50%) premined. The premined coins were stored and the amount was approximately 100x the amount of the new coins. In the last 4 days they started to distribute the premined coins to the Islanders. So the amount of circulation coins increased heavily, and the price dropped. It’s like inflation. I don’t have the actual numbers, but I think that the distribution of the coins was unsuccessful. If it were successful the price would have fallen even more.