@remitano In a way it can. That is when the value of the crypto currency is way bigger than the value of a given fiat currency, and the currency's value is pegged to the value of the cryptocurrency.
@remitano The coin doesn't have enough demand for the price to rise. The only thing that can kick the price into high gear now is create demand for it, and the fastest way to create that demand is to list Renec at various exchanges.
@Henry_Benzz @renec_updates @remitano Will you be willing to sell at that price? Many people won't sell at that price because they would feel that, that price is no worth the work they put into the mining.
That hold off by the sellers would make the buyers offer a better price point to entice the sellers to sell.