DeepOnion Volume Report  -  Week 68

in deeponion •  2 months ago

The Age of DeepOnion in Bitcoin Years

It has been 20 weeks since the last volume report. Not a lot changed as the daily volume continues to decrease and ONION moves from sellers to holders. At least the dumping reduced a lot as we rebound from the bottom since the code base announcement. With all the potential we have, selling at this price means that the sellers either don't believe in DeepOnion's concept of privacy or that the sellers don't think that we can make it.

DeepOnion daily volume chart - Week 68:
Volume20180912.png
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Since week 40 after the end of the free public airdrop, about 30 million coins moved. That's about 16% more than the maximum supply. I assume it's because some decided to sell and buy more at a lower price. Regardless of the reason, the weekly volume is obviously reducing and those that bought are holding and waiting for something that the sellers couldn't envision.

The DeepOnion weekly volume chart:
Weekly Volume Chart20180912.png
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I think this is part of the plan, as the core team built DeepOnion with a solid foundation. By aiming for anonymity, privacy, decentralization, speed, open-source, wide distribution, transparency and future-proofing, they are not creating a cryptocurrency, they are creating the next level cryptocurrency. These are only the basic foundations, the DeepOnion ecosystem is going way beyond that.

What is the Age of DeepOnion in Bitcoin years?

By adopting public distribution, the core team was aiming to achieve a wide and fair distribution. This was a wise move because it expedited the aging of DeepOnion a lot. We are only 14-month old crypto, but I think we are 4 years in Bitcoin age. Try to think about this for a moment and share your thoughts in the comments.

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