You are viewing a single comment's thread from:
RE: Nexus (NXS): Two Potential Corrective Pathways
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.......