I was watching the AIX trading on Kucoin's exchange and noticed a nice buy wall appeared for AIX. Praise to the individual who is holding the fort for this hidden gem of a token. Market prediction and technology based insurance products untouched by traditional companies. Let's hope this is the sign of a possible upward trend.
As you can tell from the below picture, the overall chart for AIX, it hasn't been a pleasant ride. Although the product and vision for this project is solid, it seems to be the victim of what I like to call the "Exchange Effect". Any time a newer coin/token gets listed on a bigger exchange like Binance, Kucoin, or Bittrex, it falls victim to the Exchange Effect. The coin will subsequently get pumped quite hard, followed a mass dump and stabilization period.
Has AIX finally seen the end of it's Exchange Effect? Will it finally start making some upward trends? What are some other coins/tokens you have noticed to have fallen victim to this Exchange Effect. Let me know in the comments!!
Congratulations, you were selected for a random upvote! Follow @resteemy and upvote this post to increase your chance of being upvoted again!
Read more about @resteemy here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit