MiamiCoin Falls to $0.01 - Rebounds Slightly
Here are the five signals I'm watching
MiamiCoin fell to $0.01 today. Then rebounded slightly.
What’s caused the decline?
MIA is the first CityCoin. Apps aren’t yet built to create demand for the coin.
Every block, which happens every 10 mins, 100,000 MIA are awarded and added to the total supply. Many MIA are stacked for cycles.
Therefore, about 76% of MIA are stacked.
A word of caution: coins can trade lower than a penny. Don’t be fooled in thinking a $0.01 is the bottom.
My expectation is the new CityCoin, NYC, will bring some momentum back to MIA.
Over the holidays is always a slow trading period, so thinly traded coins get bounced around a bit.
What’s planned for 2022?
Here are the five signals I’m watching:
4. Will Okcoin list the NYC CityCoin as part of its 12 days of crypto? Only five days left! Perhaps MIA will ride any momentum from the NYC price. The new mayor takes office Jan 1.
Foreign Policy @ForeignPolicyThe 21st century doesn’t belong to China, the United States, or Silicon Valley. It belongs to the internet. https://t.co/oTNGX7dmqH
1. CityCoins Accelerator. Build on CityCoins for Cities.