Topic: What is the reason for Energi (NRG) going down - page 2. (Read 693 times)
Well I don't know about Energi coin but most of the reason is investors are looking for a potential coin they tired of holding it, they are not interested anymore with this coin.
I think the energy project is good, but in my opinion why the energy (NRG) price has decreased because energy has not been released to a market exchange that has a good volume lately. if you look at the list of exchanges and the highest there is a coin, and the volume is only $ 42,270 in the last 24 hours. this is just my estimation, whether it has a big influence or not, but if it is released to a market that has a high trading volume, for example binance.
I think the simple reason for the NRG recent decline is that investors sold it all to make a profit from it after a period of investment. And in my opinion, the masternode projects will collapse after a while of operation and I've seen many projects being like that.
I can be sure one reason is their extended airdrop program. I think the continuous airdrop is not good for any project, especially Energi rewarding each person for hundreds of dollars, which attracts many fraudsters. And these people will not care about the price of NRG
It's always a win or loss situation for every project, maybe it could gather positive or negative results nobody knows exactly. Price is worthy in the long run but that's possible if a hype would occur instantly. This is rewarding for so many people during the pumping period but it needs to be smarter before price starts declining once trading started.
It's annoying when you see people who always want things to work out the way they wanted, life doesn't work like that, energi coin must rise and fall, it's the way with all coins apart from stable coins, if energi coin loses value today it will regain it's strength and value tomorrow
I can be sure one reason is their extended airdrop program. I think the continuous airdrop is not good for any project, especially Energi rewarding each person for hundreds of dollars, which attracts many fraudsters. And these people will not care about the price of NRG
No sign of any bullish for me in the higher time frame.
If we based it on technical analysis, it's kinda expecting for more dumps there for me.
As the price continues to fall down, their volume is also decreasing. Well, it looks like shitcoin but neverminds about being shitcoin, in trading/technical analysis, there is no shitcoin.
Just beware of this kinds of altcoins, nowadays, some altcoins are doing a flash dump and flash pumps. Some of them are in exit scams.
Don't feel that NRG is an exempted coin for this rise. It's a very shaky market during these times because just like bitcoin, it's been moving up and down and if NRG didn't performed well, it's because the whole market is in favor of the known coins.
And this kind of scenario is applicable to most coins and sometimes there's really no reason for it's up and down but if we'll base on the market, this is all due to the market's fluctuation.
And this kind of scenario is applicable to most coins and sometimes there's really no reason for it's up and down but if we'll base on the market, this is all due to the market's fluctuation.
There are 2 main factors. The whole cryptocurrency market is experiencing correction after a days of massive growth. Seconds, the high staking interest is making Energi cheap because people are selling their profits.
As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?
Hmm, honestly I am not familiar with this coin called NRG but it was still a simple alt afterall so I think the reason why it is falling now is the loss of interest of its hodlers. Maybe more hodlers of such coin are now starting to dump more due to the panic. Look on the chart on CMC, thing gets worse everyday after the June of 2019 (I guess this is the time NRG listed, isn't it?). From $8.xx to $1.xx, that was a huge drop! It is dying dude, if I were you I'll sell it all to cut my loss 
. As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?
I think i commented on a related post yesterday.
I do not think there is a particular reason, but for every high prices, there will be a low retrace.
The retrace does not mean bad token, it gives opportunity for investors to join and invest ahead of better prices ahead.
I think it can happen because Energy will update to Gen 3 but Coinomi doesn't support the upgrade, there is already an article link that discusses it. And maybe another factor is the Circulating Supply that is getting more and more, I don't remember how much they issue supplies every month.
Staking rewards are crazy for that coin, if I recall correctly. So with that high a supply, folks probably will dump their stakes as they roll in, hence lowering prices. Eventually (or maybe even now) it will become a problem, and look more like a pyramid coin -- those who got in early and sold during spikes, will have done fine. Those left holding will run into an issue due to simply too many coins out there.
Not saying this as fud nor to scare anyone, and perhaps it'll do a nice run post 3.0. But I recall looking into this one a while ago and it just didn't add up to me ... looked like a coin destined for problems unless they changed their staking rewards, just too many coins being pumped out there.
investors start switching their NRG token into another coins that might be have potential to give them more profits. we know recently all cryptocurrency make correction , and switching to major coins such as bitcoin , binance , ethereum or many other will have more certainity for their investment. its normal in early time NRG token has good time.but when investors satisfied with their profit they will invest in another projects or coins. we have to follow their way to earn money.
I think it can happen because Energy will update to Gen 3 but Coinomi doesn't support the upgrade, there is already an article link that discusses it. And maybe another factor is the Circulating Supply that is getting more and more, I don't remember how much they issue supplies every month.
Probably investors are looking for newer coins to pump in this mini bull run we have, and to be fair, there are also lots of good tokens out there that still in the worsening market conditions not just NRG.
Maybe we need to wait for the actual announcement of their hardware wallet support and their Gen 3.0 before we can see some pump again.
Maybe we need to wait for the actual announcement of their hardware wallet support and their Gen 3.0 before we can see some pump again.
There may be few news attached to the dipped price by experts but i don't think so.
For every ups, there will be couple of downs.
Every token will experience dip, its up to the project to be a good product to have a chance at a better price
For every ups, there will be couple of downs.
Every token will experience dip, its up to the project to be a good product to have a chance at a better price
As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?
I don't know much about NRG, only that it is a masternode project based on POS. These projects typically moon in the beginning due to people FOMO'ing in to get a few masternodes early on.
What is the actual use case behind this project? What does it provide that creates value? Ask yourself these questions, and you might find the answer.
Blocknet is a masternode coin as well, but been in the game for much much longer, and have recently risen 300% due to:
1) Their DEX gaining more exposure, and users..
2) Their work on XRouter and XBridge (Their own decentralized Oracle network).
Overall, you need to look at market cycles, trends etc.. Everyone is talking about decentralization, 40% of the block rewards goes to the NRG team, making it less decentralized.
As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?
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