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RE: Warning: The coming Stellar Lumens (XLM) price collapse (and how to profit from it)
well this date has come and gone and the price has risen...it has done the oppposite...also bitcoin price dropped...so what has happened?
@bavarianprinz I'm not sure what you are looking at. On June 24th, the price of XLM was 0.0401398 and on July 12th the price was 0.01440648. This represents a loss of nearly 64% of its value and it still has not recovered. You either cannot read a chart or your math is really really bad!
I think the market probably priced in the new coins before the distribution, it's already down to 1100s from 1700s.
it appears the price will not be affected rapidly as the coin supply is increased slowly, not all at once as previously thought.
I think that dispersing more coins to more people will also increase brand awareness of this currency also???
I think that it will cause a price decrease in the short-term, but in the long-term, a larger marketcap will come with higher brand awareness. And then in the medium term, there will be a lot of opportunity of price raises.
IT WILL DUMP THE MARKET ONLY