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Topic: Recent DECRED price pump, what can be the reason ? (Read 723 times)

member
Activity: 98
Merit: 10
http://github.com/root8/fsigDecredGUI
Obviously the price is going down below 1 USD per DCR.
.m.
sr. member
Activity: 280
Merit: 260
You are right - the price seems sort of stable around 1.5 USD
member
Activity: 294
Merit: 10
Big dump, probably in reverse to BTC.

The price is just about 20% lower than the one about a month ago. According to the altcoin price standards, it is not a dump.
.m.
sr. member
Activity: 280
Merit: 260
Big dump, probably in reverse to BTC.
sr. member
Activity: 392
Merit: 250
my magic is growing strong[er]


the up in price is because traders suspect DCR revving the engine a bit you know, warming it up to get a feel for how DCR will perform at higher revolutions.  Grin

legendary
Activity: 3444
Merit: 1061
i think it is because a gui wallet was released.
legendary
Activity: 1344
Merit: 1000
There is no reason why DCR got pumped but this coin was stable around 0.0024 - 0.0027 for quite some time. Sellers couldn't drive the price downwards so when whales come to buy. there will be an increase in the price naturally. Besides, there supply of this coin is very little so it would not be too difficult to pump the coin.
newbie
Activity: 40
Merit: 0
stop looking for a reason when you see a pump... sometimes theres is no reason(not a specific one..), is simple because it found a good support price and traders started to buy.

Exactly!!! In the altcoin market there is no way of predicting every pump and dump.
sr. member
Activity: 350
Merit: 250
stop looking for a reason when you see a pump... sometimes theres is no reason(not a specific one..), is simple because it found a good support price and traders started to buy.
legendary
Activity: 2730
Merit: 1288
Price is lower then was a month ago.

Coin is only 2 months on Poloniex so maybe more unstable then others.

There was 40k DCR traded today. Maybe was someone just impatient and bough them expensive.

member
Activity: 98
Merit: 10
http://github.com/root8/fsigDecredGUI

See the recent DECRED price pump below :

http://imgur.com/9zdtMOt

What can be the reason ?
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