Millions of ETN are being moved on the blockchain, if you look at the last 50-100 blocks you can see as big as 10Million per block is being moved. This is not just bots buying and selling, there are millions of coins moved around on the blockchain, Lots of big sweeps. Trying to push/manipulate the price down would be impossible for a single actor/group of people. They would have to spend an equal amount of money as the current volume. This is very good for ETN.
I know some of you want 4000 sats I do too, but there are billions of coins out there, and clearly someone is buying and selling them. Is this a reason to be concerned, it is too early to say, the price is up mere 5%. For now I am just watching from the sidelines.
It could very well be part of the competition, it is hard to say at this moment.
well, that you pin out, im delighted at, its like a smallwhale break wall that volume, dumping will not affect.
tough, i feel a little cheated by the sat price and that volume hehe
“We are extremely excited to have ETN go live on Huobi exchange. Partnering with AlgoZ was the obvious choice for us after our successful cooperation in Liquid and Kucoin. We are sure that the Huobi ETN holders will appreciate this partnership, which will provide them with 24/7 of steady and continuous liquidity .”
“the fintech firm extended its reach towards the digital asset industry in 2016 by setting up AlgoZ to provide various financial solutions such as market making, brokerage, and over-the-counter (OTC) services .”
“The collaboration with Electroneum corresponds directly with our vision to work with the leading players in the crypto landscape, in order to make the digital asset economy more progressive, reliable and accessible ,” Nir Dovrat, co-CEO of AlgoZ, added. “This reelection is a vote of confidence in our solutions, technology and most importantly in our team.”
