Elix coin , the Enigma

[Lucacrebbe]

Elix is  traded only on coinexange, so you can watch  the order book . THe dept of  market  indicated  sell pressure, there are big sell walls.

I was trying to analize   the situation, because  when  somenthing it's  risky can   also be remunerative, remember.

There  has been  a  big pump  and  then a dump,  and this  make it look  like a  classic  pump and  dump  scheme....  but  if  we  go  into  the depth  there  was  a  misundertanding in coin supply , which  has generated  a  panic  sell.... how  much  this  misunderstanding is  real and  not  forced, I can't know

So the people  start selling,  and the crash   stopped  at the price  of 0.20$   and now it's stable from two days.

In  the  order book the  spread is  high,  there are so much  people  willing  to sell  at their price  rate

Sell Orders
Total: 484729.90781007

Buy Orders
Total: 52.58273398 BTC


At  the  moment  I am  writing  the   the best sell  is

price                      ELix                            Bitcoin
0.00004460    556.21015087    0.02480697


And the  best  buy order is

    price                          Elix                       Bitcoin
0.00004289    1058.12341723    0.04538291


The  spread is  high

The price  is moving in a trading range and   here I have some analisis:

1)   It's  a low  market cap, the  wales  are manipulating it to  make  it  shorting  and buy  cheap,  waiting for the  team revealing themself or  for other news


2)  It could be pump a dump scheme, so  there  are some people  that  are  trying  to sell, but as seen that  there is no buy demand  for the price  they  want to sell, and the wales don't want to lose profits,  the price  keep on moving in a trend  range situation


What  do you think? Which analisy is correct in your opinion?

P.S. OBV in this tread  there will be FUDers.

[DutchCoiner]

I don't get why there should be a misunderstanding about the supply, all the information people need is here: http://elixirtoken.io/stats.html

Elix bottom seems to be around 4000 sat for now.
There are also some bigger buy orders @coinexchange, for example 11,83 BTC @ 3800 sat.

At this moment, I don't see big sell walls and the volume decreased, but is still high for such a small cap coin.

[muci1806]

Suppoman has pumped ELix in his YT video to the moon and now it was dumped to the buttom ...

[BMG86]

Suppoman has pumped ELix in his YT video to the moon and now it was dumped to the buttom ...

Yes hopefully we can now see some healthy sustainable growth. This is a great project with some hard working devs behind it

[Leonbtc]

is this ELIXIR do u mean or another token?

[BMG86]

is this ELIXIR do u mean or another token?

Yes. We are talking about ELIXIR. There is only one coin with that name.