Trading Prediction: Upcoming OmiseGo Airdrop is going to cause a temporary dip in price

in money •  7 years ago 

As you probably already know, OmiseGo is giving Ethereum holders a free airdrop of OMG tokens soon:

https://www.omise.co/omisego-airdrop-update

Now, from a trading perspective, would the new supply of coins cause a temporary drop in the price of OmiseGo?
A reference point would be a few days ago when Byteball gave away free coins to Bitcoin holders. The effect immediately caused a 40% dip in the price of Byteball over the past week.

Due to above logic, I'm thinking about opening a temporary short position on Bitfinex. What do you guys think?

money crypto
7 years ago by

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