KNC price going down is actually good for the long term holders and those who want to enter

in busy •  6 years ago 

KNC along with other crypto coins have dumped hard. I mean, really hard. A few month ago it went to above 2.5$ for a while. Now its around 60 cents. This has increased the amount of knc burned. Last week about 4000 knc was burned.

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Lower price = higher amount of knc burned. This is good for long term holders cause if knc maintains a high amount of burn in these early days, it will attract attention of other people and help with its success.

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Long term holders always be profitable. Thanks for the news @littleboy 👍