in price. This is because Hedera has a GC that isn't using the network it's governing. Why aren't people asking why aren't the current 32 GC members putting through enterprise-sized use-cases?
You realize IF the GC members were actually paying to utilize the network, they would have to purchase HBAR right? Consistently high-TPS use-cases would raise the price of HBAR due to natural demand and put a floor under the price. Until we get solid TPS & use-cases, HBAR will continue to have big pumps & dumps because it's just retail money coming in and out and manipulating the price around.
Show me the TPS and I'll show you a much higher, less volatile HBAR price.
3000 tps for over 12 months and price averaged 6c. No one in crypto land really cares about tps. It's hype hype hype at the moment.
Can you tell what is the TPS for eth? It's 14. So per your calculation, eth price should be around 3 times more than HBAR price, is not it? https://l2beat.com/scaling/activity
1) Those 3,000 TPS were being made with donated HBAR, they were not purchased on the open market. 2) I'm not talking about 3,000 TPS, I'm talking about MULTIPLE enterprise-sized use cases totaling 50,000-100,000 TPS THAT will in fact put a floor under the HBAR price due to demand and at a MUCH higher price.
I don't know...to me it looks like you need a hug. Do you need a hug?
Fudders getting desperate to do anything they can to drop the price so they can buy back lower 😂
When there’s billions of volume going through hedera , that not your average retail investors that usually big institutions
Would you like some cheese?
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