So the minting accounts for roughly half of that increase?Was that the day when over $4 million KAU were traded on the KMS and the closely spaced, large, probable sales suggested minting activity? A turnover of $4 million minting at 0.67% is $26.6K which would account for a large part of the increase.
I saw two large minting days this past week from my time zone and, as I recall, the KMS was well over $18K on my 14th. I do not track the MFP but notice the amount when I log in.
Looking at the KAU/USD chart in the minting account (TRADE, KAU)...minting at 0.67%
I like that chart. I didn't know goingecko had a page like that for each exchange."Time present and time past
Are both perhaps present in time future,
And time future contained in time past."
Measured from 20th August, does today mark the greatest ever consistent, one month volume of higher spikes for longer in trade volume?
Is the blessed needle beginning to move?
With his stint at Lloyds Bank in London TS Eliot could maybe have told us, but any excuse for a bit of Burnt Norton is justified.
View Kinesis Money 24h trading volume, trading fees, pair list, fee structure, trust score, most active trading pair, and other cryptocurrency exchange info.www.coingecko.com
Oh blessed needle, please, if thou art willing, move for your followers!I like that chart. I didn't know goingecko had a page like that for each exchange.
It's great to see the spikes, but they only indicate minting going on. Looking at the periods between the spikes, you can see there has been no change. In other words, organic volume has yet to pick up. The blessed needle isn't really moving, although I have seen more transactions that look like they are coming from Pospay Gold. Nothing material yet, but hopefully will grow exponentially.