It seems nobody is selling or buying at these XMG prices.
There should be enough trading, there are now more than 8 million XMG's.
Almost the half of these 8 million resides on Bittrex.
Why is nobody selling or buying?
I'll try a simple explanation. Potential buyers have enough taken at higher rates and don't want to risk even more.
Potential sellers simply doesn't want to get rid of Magi at such a low price. A kind of buy/sell stalemate. Think the explanation can be used for more coins, not only Magi.
Yep - its happening across the board - we need an alt breakout - when/if that happens the markets will likely surge again - always the case - just need to wait for the alt prices to get too tempting, and hope magi joins the surge when it happens, it has every other surge