well this date has come and gone and the price has risen...it has done the oppposite...also bitcoin price dropped...so what has happened?
RE: Warning: The coming Stellar Lumens (XLM) price collapse (and how to profit from it)
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Warning: The coming Stellar Lumens (XLM) price collapse (and how to profit from it)
@bavarianprinz I'm not sure what you are looking at. On June 24th, the price of XLM was 0.0401398 and on July 12th the price was 0.01440648. This represents a loss of nearly 64% of its value and it still has not recovered. You either cannot read a chart or your math is really really bad!
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I think the market probably priced in the new coins before the distribution, it's already down to 1100s from 1700s.
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it appears the price will not be affected rapidly as the coin supply is increased slowly, not all at once as previously thought.
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I think that dispersing more coins to more people will also increase brand awareness of this currency also???
I think that it will cause a price decrease in the short-term, but in the long-term, a larger marketcap will come with higher brand awareness. And then in the medium term, there will be a lot of opportunity of price raises.
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IT WILL DUMP THE MARKET ONLY
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