I noticed the drop in ETN happened when the +300% announcement happened. I suspect the sharp increase in supply lowered the value of what is out there
I noticed the drop in ETN happened when the +300% announcement happened. I suspect the sharp increase in supply lowered the value of what is out there
Good catch! I very much agree. Doesn't take long for the price to adjust and reflect new value. I appreciate the move by ETN though, it should be about 1 ETN per day mining.
The price only dropped by roughly 15%. If you figure you're earning 3x more coins... I'd say that evens out nicely!