What now ?! The price is suspiciously low!
I have a suspicion about what is going on, and I don't think it's anything fundamental to the coin. Rather, I think it is due to a couple of events that should dissipate selling pressure in a few weeks.
1) We had around 1100 masternodes just weeks ago, and that generated an expected return for MN owners with which the market was happy
2) Many of the largest holders of DRK were sitting on the sidelines. I don't know why... either because managing hundreds of MNs was too "dangerous" to juggle many wallet.dat files around, or because the return relative to the amount of work they had to do to set up all those MNs wasn't worth it.
3) The team added the "-wallet=" command line instruction and start-many, both of which make the task of setting up many MNs much easier.
4) In parallel, the reward share increased to 30% last month
5) For the reasons in #3 and #4, we've seen large holders wallets start to set up literally hundreds of MNs ---> this drives down the expected return of owning a MN, which in turn probably caused a portion of MN operators to decide to exit or a number of aspiring MN operators to decide not to pursue buying coins any longer to set one up.
6) The combination of some MN owners wanting to exit, and some potential buyer deciding not to buy both increases supply on the exchanges and decreases demand (which obviously negatively impacts pricing)
However, I think this is temporary. Once the large holders deploy their MNs, and rewards keep increasing up to 60% as the months go on, I think you'll see a return to more normal supply and demand. I view this as a buying opportunity. I love entering when the trend is toward the exits... I get better prices that way!
