You are viewing a single comment's thread from:
RE: Nexus (NXS): Two Potential Corrective Pathways
Nexus perplexes me to no end.
Last August say a 300% gain, and held steady for a number of weeks, then a fall. Loitering down at around $2 for some time, flirting once or twice with a resurgence, but not to be.
Then December comes about, which saw a bouyant market, it jumped to $13 dollars, unheard of. January saw the slaying of prices across the board.
Is nexus the victim of simple pump and dumps or is it a sign of a coin attempting to break out and establish an independent life??? Perplexing to say the least.............
Its due to low liquidity. When big buyers come in, it causes the bid to go vertical. Vice verse for selling. This is quite common for liquidity immature coins. It doesn’t necessarily mean it’s a shit coin.
Shot coin? Not at all, I actually quite like the premise, if not overly ambitious.
Let's face it, it would be the first genuine coin to experience a pump and dump.
An interesting point someone made a few months ago after the last big upsurge was that it could be in relation to the controversy around net neutrality.
Many variables and all that.......