SKYCOIN Price dropping. WHY!!!

[jdragon]

Another dropped in skycoin price. anyone have any idea who own this address.
I did leave a tweet on skycoin twitter.

@skycoinproject... can someone explain why everytime I see massive increase in Selling wall on Binance or Big dropped in price...
the volume on Number 1 holder in top20 being equivalent dropped.

2iNNt6fm9LszSWe51693BeyNUKX34pPaLx8
Was 1.8mil @ $8 ... and now 1.23mil @ $4

[jdragon]

There so much transfer in this address... my suspect is it belonged to exchange.
So that is good thing... as it show the ppl who are buying taking them out from exchange.
Which bring attention to coin hours increasing, because coin hour can only increased if there are more coin on "SKY NETWORK"

The good news is the rest of top20 seem to be increased in the holding.
I check out these address... Almost all having ONLY incoming transfer "another word accumulation"

Just few minutes ago SYNTH release video UNCENSORED
https://www.youtube.com/watch?v=WGZZ7Hjdy7M

[jdragon]

I have transferred Coin in/out from Binance. it confirms belong to Binance.

Which is good news people are putting back into Sky wallet to earn coin hours.
As Skycoin on exchange, coinhour will be earned by exchange.

I did move all my coins to my own wallet as well to earn coin hour for future use.
Since no point of trading as price dropping.

Skycoin MC becoming very attractive at the moment

[EricJones]

I do not know so much about this coin and I'm not invested in it either, but permit me to say that a decrease in price is one trauma that almost all the coins in the market are experiencing now, and it is not just something that is restricted to a particular coin, or group of coins. So my advice is that if you think that this coin is a good investment, then don't worry about it. Just give it some time.

[jdragon]

Thanks

I wasnt sure about the Wallet in top20.

But now i am very sure about that wallet now. It belongs to Binance ... to see it dropped from 2mil holding to 1mil holding is very good sign.

People does not want to trade the coin but safe keeping.

I did exact what other people . i have been accumulate this coin and move them off Binance.

1. to earn sky hour.
2. mainnet live then skycoin will not be a main one to trade but coin hours. as per Synth refer to; Skycoin will be running the ecosystem while coinhour will mainly for trading.

Yep i think this would be very good coin to invest now. base on technology. I have also exposed to support team under this coin.
They are superior ... very great helper. so thumb up to them. I refer to invest in coin or COMPANY with good support. they will do well!

[jdragon]

Been 15days now. SKY still being transfer out of exchange "BINANCE"

current stand is 1.03mil... i got good feeling about this one now.

Having all the conference running around... Synth actively update through Live video.
Project still remain progressing. Rank on Miso/Gecko still remain great.

RUMOR:
Re-Branding
3 Major announcement coming

So hopefully this boat can steer around. good luck to all holder while new investor please dyor

[jdragon]

Its been a while now and the Binance holding continue to drop.

From 2mil since i post.

Now it is 492k left.

Most of the wallet being drawn i see so far are accumulating.

Good sign! where to next and what can this coin can offer.

I finally put some invest into this.

Can we see this hit back to $US45 again?

[reflector]

Its been a while now and the Binance holding continue to drop.

From 2mil since i post.

Now it is 492k left.

Most of the wallet being drawn i see so far are accumulating.

Good sign! where to next and what can this coin can offer.

I finally put some invest into this.

Can we see this hit back to $US45 again?

The current market condition is not a wealthy so we can't say anything in this bearish trend. This token was little durability because of Binance listing but we should never expect again it goes to 45 usd in future. All the peoples are don't believe the tokens because of huge price fluctuation so this year tokens are not a supportive platform and skycoin is totally unknown for me so don't think it will be best in near future.

[Lighthouze]

The current market trend has affected the coin. It's not a coin I'm following as it's off limits for me considering its price. But you need to check the community and know what updated information there is about the project, is there anything new or the devs have been silent for a while. These things affect the overall health of a coin.