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Due to incessant ICO threads being posted in this sub-forum, all ICO Announcement threads must be posted only within the 'ICO Announcements' sub-forum; posting ICO threads here in Altcoins is no longer permitted. Any ICO threads posted here will be moved, and continuing to flout the rules will result in your account being banned.
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NanaLelyakova
- Banned
- Posts: 58
- Joined: Mon Jun 26, 2017 2:01 pm
So whats been driving the NEM price down?
What do you think is the reasoning for the price dropping since mid May? Was it overvalued?
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katepagava
- Nickel Bitcoiner
- Posts: 68
- Joined: Tue Jun 13, 2017 8:47 pm
Re: So whats been driving the NEM price down?
It went from 300 satoshis to 12000 in a few weeks. Nothing short of curing cancer means that's anything other than ridiculously overvalued.
There's probably less than 5000 users. The market cap values each user at $400,000.
Sustainable? I guess not.
It'll come back with a vengeance in the future. There's really no reason at all for it to have such a high valuation right
There's probably less than 5000 users. The market cap values each user at $400,000.
Sustainable? I guess not.
It'll come back with a vengeance in the future. There's really no reason at all for it to have such a high valuation right
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katepagava
- Nickel Bitcoiner
- Posts: 68
- Joined: Tue Jun 13, 2017 8:47 pm
Re: So whats been driving the NEM price down?
That is why there's so much talks of a bubble.
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