What is the matter with the price? Why is it being pumped so high with completely no backing?
This has hallmarks of massive accumulation with disregard to price paid to some degree.
Which is a long term bullish sign for sure.
The swings are wild.
They leave the buys weak so people dump back and then they buy that up. Then they proceede to buy all the way up to the previous high and let it fall over and over.
Lisk was the post ETH super coin when it came out. I think the market movers looked at it as another opportunity to make a killing somewhere down the line.
Still don't know when that is. Could be somewhere in this current alt boom. Or it could be in the next one later in the year.
I think it would make sense to do it soon.