A few months ago, the cryptocurrency was taken by surprise when Cryptsy, the biggest altcoin exchange, announced they were adding a third trading market, based on PrimeCoin.
A lot of people, including ourselves, were quite excited when this event took place, and we saw some decent volume during the first few days.
However, ever since, the volume has declined steadily, and any coin that now gets listed exclusively on the PrimeCoin trading market is “doomed”, according to a lot of people.
Granted, if you take a look at the coins currently exclusively listed in the Primecoin trading market, none of them are doing well or showing signs of a bright future at this point.
Several other exchanges, such as CoinedUp and CryptoRush, to name a few, have decided to open up their own third market , using DogeCoin.
A lot of people will argue this was only a matter of time, as the general interest in PrimeCoin has ground to a screeching halt.
On the other hand, we have the ever-increasing popularity of DogeCoin, regardless of good or bad news developmental-wise.
If you ask me, a DogeCoin trading market is the way forward, because of the sheer trading volume it brings to your exchange (of which owners collect a certain percentage).
I’m not saying PrimeCoin is dead and buried at this point, but unless they can bring something amazeballs to the table, their trading market on Cryptsy is definitely in jeopardy.
What do you guys think? Leave your comments below, but keep it civilized!