Why has most chinese projects dumped harder compared to the market average?

ifirina

full member

Activity: 350

Merit: 100

Quote from: 100action on March 14, 2018, 05:36:21 AM

Market ATH was $825b. Currently, it is $365b so a drop of roughly 56%.

Here are the drops from various Chinese projects from their Jan/Feb ATH to current figures:
CPChain - down 56%
Achain - down 84%
IOT Chain - down 80% (using $4.85 not the telegram pump ATH)
Bottos - down 69%
Neo - down 59%
INT - down 85%
HPB - down 77%
Aelf - down 75%
Nuls - down 66%
Matrix - down 66%
WTC - down 58%

Better performers:
Elastos - down 50%

Does anyone have an explanation as to why the more prominent Chinese projects have dumped harder than the market average? Some of these coins are actually quite promising too.

Hello, add to your list the project of the "Banca", it fell in price by almost 60% after entering the HitBTC exchange. Very strange situation.

NutellaboY

newbie

Activity: 120

Merit: 0

Quote from: liangweicha on March 14, 2018, 05:40:56 AM

Because of China's most token is a hype, their actual value is not so high, so most of the time, because the term mastery a large number of tokens, so they can manipulate the market price, and when the bear market comes, bubble collapse, so most of the tokens will have big losses.

To be honest the most of Chinese coins is a useless. But also all other tokens is useless too. Nobody is using any coin for something more than speculations

anggriani

sr. member

Activity: 630

Merit: 251

frankly if you look at the market globally, not only is chinese altcoin dumped harder, all other crypto are also experiencing the same thing and I think the whole crypto market is stuck.

liangweicha

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

Because of China's most token is a hype, their actual value is not so high, so most of the time, because the term mastery a large number of tokens, so they can manipulate the market price, and when the bear market comes, bubble collapse, so most of the tokens will have big losses.

100action

jr. member

Activity: 35

Merit: 31

Market ATH was $825b. Currently, it is $365b so a drop of roughly 56%.

Here are the drops from various Chinese projects from their Jan/Feb ATH to current figures:
CPChain - down 56%
Achain - down 84%
IOT Chain - down 80% (using $4.85 not the telegram pump ATH)
Bottos - down 69%
Neo - down 59%
INT - down 85%
HPB - down 77%
Aelf - down 75%
Nuls - down 66%
Matrix - down 66%
WTC - down 58%

Better performers:
Elastos - down 50%

Does anyone have an explanation as to why the more prominent Chinese projects have dumped harder than the market average? Some of these coins are actually quite promising too.

Topic: Why has most chinese projects dumped harder compared to the market average? (Read 109 times)