guys, what's happening these days in this crazy cryptoworld? bitcoin shoots up, and most runner-up coins shoots down. deeponion, on the other hand, shoots up as well, performing very well. what's more heartening, but not surprising, is the 47 btc daily volume. deeponion used to have around 1-3 btc daily volume few weeks before. it seems more people are beginning to get interested in this coin.
It is a bull market now. BTC hitting 14k USD seems to be from 2 reasons:
1st is because of the countries like S. Korea and Venezuela where there are political turmoil and government instability. They are trying to find safe havens for their hard earned money, and gold and silver and oil, real estate, stocks, and forex are all difficult markets to penetrate in because you need more brain juice just to solve where to find and where to place their, let's say gold. It it's hard to secure a sack of gold vs putting your money in BTC which is soooooo easy. Securing your money in BTC needed less brain juice than putting your money in gold or silver.
2nd is maybe, just maybe, we are currently entering the very early stages of mass adoption for BTC and ALTS. People are starting noticing the cryptospace and dabbling with it more and more. Crypto users are only in the 0.5% of the world's total population. Because of the internet and social media we are experiencing an unprecedented growth in the network effects of BTC.
So I think those are the 2 main reasons.
And about DeepOnion's growth. I can see that it's inevitable. Why? It's because of the genius of the Devs and the rest of the DeepOnion team. What they did is very unique and yet as I can see it, bound to be successful. They tapped the power of the crowd. And how did they do it? Through Airdrop of course!
Their coin -- DeepOnion, can easily bag millions and millions of dollars if they go to the ICO route. But thank god they didn't. Because for me what they did is better than any ICO can do. They've tapped the power of again, Network Effects in what they did.
If you go to the ICO route, maybe you noticed that only a handful of whales can really buy and bag those coins? and just a few people with little money to invest. How much more with those who don't have money. Even though they like the coin, they cannot buy. So in effect, since only few people have stakes in the ICO, because only a handful bought the coin in large quantities. Only a handful will promote the coin, that is if they do. These handful or the so called whales have so much money but little time. So how can they promote the coin they've bought so much?
On the other hand, in the AIRDROP route, the devs at first don't have much funds, so they have to live on their own funds at first. But because they are distributing the coins as far and wide and to as many DESERVING people as possible, their coin will eventually have a huge spike in price hike because since a lot of people had stakes in this coin, they care more, and if they care more, they promote, and if they promote, the price of the coin will grow.
So that is the genius behind DeepOnion.
So guys, bag more DO, HODL it for a very very very long time because this coin will be one of the most valuable coins out there.
I really think, DO belongs to the TOP 10 coins in CoinMarketCap.com
