Topic: What is the reason for Energi (NRG) going down (Read 693 times)
It seems most newbies don't know how crypto works, most newbies expect all coins to start surging and never coming down again, that's impossible, Bitcoin was at 8000$ in January 2020 and by March Bitcoin went down to 3600$, see that huge loss in value? Not even Bitcoin can maintain a stable price for long, these coins aren't USD Pegged
I think because they release so many tokens on the market, they don't control it strictly. If the supply is too much while the demand is too little, it may lead to a fall in its price. Besides, with the recently updated Gen 3 version, I was told that it is not supported by Coinomi. Therefore, it is possible that the above reasons make the price decrease
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?
That's not quite surprising, because thats how cryptocurrency works, pump for a while, then dump and dump even Bitcoin also experience that. because that was a part of the crypto volatility, No matter how good your project is, if your investors are not willing to hold your tokens/coins anymore it will result in dumping on the market and if there are not enough buyers what do you expect to happen? of course, the price slides and it can trigger also to other investors that holding your coins/tokens and also sell, their holdings It was like a domino effect because the price was dictated by the market movement. 
Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.
this time there was no a lot of stakers that dumping their tokens to the market. The chart looks very stable and it looks like the stakers were only selling their coins when there was a huge pump happened with energi coin. I do agree with you if the annual yield that offered by energi was too high.
NRG (Energi) Coin is not a stable coin and I can't understand what you meant by going down when all these coins are highly volatile, even Bitcoin goes up and down, if you can't see enough potential in NRG I suggest you sell and exit or buy other coin, for me I will be happy holding bags of NRG cos I see potential in the project
Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.
this time there was no a lot of stakers that dumping their tokens to the market. The chart looks very stable and it looks like the stakers were only selling their coins when there was a huge pump happened with energi coin. I do agree with you if the annual yield that offered by energi was too high. 
A cryptocurrency can go up or down and that's one of the nature of this space, in each case, the movement is determined by the market at that point in time as well as the project itself, that is, how the team are working to ensure the platform keeps growing. So as for this NRG project, I don't know much about it, but if the price keeps going down it is wise to knowing what the team are up to and also if what they are working on will contribute to reverse the price. So basically, the market always have its effect on projects then it's left for the team to try their best to contain the situation.
True! The fluctuations of the token price in the cryptocurrency market is usual. The market has some certain influences on the coins' price, however, the factor that impacts the coins' price the most is the development teams' plan. The project team has to work hard and harder to bring the coin back to its track, recover the price and the up-trend. All project teams want their coin to be pumped and has some position in the market unless they intended to scam from the very first moment. 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?
That's the mistake many investors keep making over and over, do you invest in Energi because of its upcoming upgrade? Anyways, NRG is a very good altcoin and price pump and dump happens in every coins life, this is normal but very hard for newbies to believe, they always want pumps, this isn't how crypto works Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.
this time there was no a lot of stakers that dumping their tokens to the market. The chart looks very stable and it looks like the stakers were only selling their coins when there was a huge pump happened with energi coin. I do agree with you if the annual yield that offered by energi was too high.
A cryptocurrency can go up or down and that's one of the nature of this space, in each case, the movement is determined by the market at that point in time as well as the project itself, that is, how the team are working to ensure the platform keeps growing. So as for this NRG project, I don't know much about it, but if the price keeps going down it is wise to knowing what the team are up to and also if what they are working on will contribute to reverse the price. So basically, the market always have its effect on projects then it's left for the team to try their best to contain the situation.
Most of the cryptocurrencies has been experiencing that kind of scenario even bitcoin had been their. What important is they are not making any panic, they still keep on improving and developing their projects to better and useful for the community. NRG actually reached his ATH just few days ago and the team believe that it can go up to $7 in coming months or years.
As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?
From 1.5 dollar or so price to actually going up to 3.8 dollar is something NRG has managed to do in one of the worst part of the economy in the world. Everything either went down and basically recovered to what it used to be, or they are not even back to what they used to be. What did NRG do during this period? It dropped to a bit under 1 dollar for a while which was a big fall and I think was the bad fall days that everything that went down.But, since the late days of march it has started a bull run that literally hasn't stopped even today, even today it is higher 15%+ and that basically shows you how strong it is going. I guess one thing we can be sure about right now is NRG may go down, why we could be sure? Because, nothing that goes up this much could continue to go up forever.
Look now at the Energi price, almost 3x from the February price! I always have a soft corner and a strong faith for the Energi coin. Actually, I am convinced by the Energi team's works! This is a totally self funded project but if you follow their Instagram handle then you will realize they are doing lots of good things for the environment, for the needy people and so many social activities going on! I am a long time holder of NRG coin and I believe this coin will hit 10$ again!
Apart from the rising price of bitcoin, it seems that energy migration has succeeded in bringing back the demand. And besides that, before that many people said that if NRG is difficult to touch price 10$ because of the unknown total supply or only a few exchanges that list NRG, all of that might be only a few people who say it and there are still many people who believe in this project. 
Look now at the Energi price, almost 3x from the February price! I always have a soft corner and a strong faith for the Energi coin. Actually, I am convinced by the Energi team's works! This is a totally self funded project but if you follow their Instagram handle then you will realize they are doing lots of good things for the environment, for the needy people and so many social activities going on! I am a long time holder of NRG coin and I believe this coin will hit 10$ again!
Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.
The problem with most of these Masternode projects is that they tend to do well initial when the masternodes is launched because most of the tokens would be locked in the masternode and has the rewards keeps coming people start selling and pressure keep mounting on the price. I personally don't rate this project because it offers nothing new
usually a price of a coin at the exchange will collapse when there is no good development and when there is bad news so in conclusion I think there is no good news yet so the price collapses because there is no more support from buyers and users, there must be developments that can lure investors to buy and provide full support.
It's bound to happen but currently the price is doing so well. You can't just see price going up Everytime. People need to take profit whenever they feel it's good. Many things can cause price dump but a good project will always rise.
I think it is not a permanent problem in Energi (NRG) going down issue because there have many type of solution for this type of problems, Here one of them is we have to patience and observe it'a speed .
Simple answer is:
Annual Reward: 11.89%
Masternode Reward: 46.50%
Those coins need to go somewhere, which typically means selling pressure.
Annual Reward: 11.89%
Masternode Reward: 46.50%
Those coins need to go somewhere, which typically means selling pressure.
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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