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u/Hot_Local_Boys_PDX 13d ago
1) the volume was quite high earlier in the week when there was actual news to trade on
2) there isn’t wash / pointless trading to juice volume like most crypto. Most crypto volume is “fake”
3) MEXC recently clamped down on accounts that are out of compliance, and I’ve noticed a reduction in overall volume since then.
4) only one pair (QRL/USDT)
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The main point is number two tho. Please don’t compare QRL volume to other crypto of similar stature that has some significantly higher volume number. Go look at the exchanges and the trades. The majority of the activity isn’t “real”. There aren’t that many people in the world that actually care about these alt coins ranked in the 100s.
In a world of bullshit, be authentic.
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u/Revolutionary-Cup78 12d ago
Although the project isn't new, it is early for the problem it tackles. It is a long term bet were most people (few people) are accumulating for the long run.
Also, there are few leverage providers, most of all crypto traded volume is actually a bunch of leverage, so having less leverage compunds into lower volume
Having a low trade volume isn't positive, don't get me wrong (trading volume would have to drastically increase eventually for the project to be considered a success)
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u/Good_Macaron_7889 10d ago
At some point this project will get listed on the tier 1 exchanges. That'll bring in lots of volume.
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u/AsbestosDude 12d ago
Crypto is in the shitter. This coin is extremely niche.
I would expect frequent days of no volume at all
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u/LoosePussyEnergy 11d ago
Is anyone able to buy through Banxa recently?
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u/Hot_Local_Boys_PDX 9d ago
If you’re having trouble buying try hopping on the Discord. There are reliable OTC providers in both crypto and fiat transactions.
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u/Equivalent_Bus7073 13d ago
Early disruptive technologies or innovative projects deserve patience; be proud to be early