i am seeing that pos token price is falling day by day why is that happening?
is it happening because of recently airdrop distributed ?
pos token is very good coin and have great potential in it i think people should hold this coin ntil its too late to buy
i am collecting more coins from etherdelta
i am waiting more exchange where we can trade pos token
Airdrop ended -> tokens distributed -> many people want to exchange these tokens into ETH/BTC or even FIAT currency.
The second reason why people are selling: 100% POS 1st year stake - that is a big inflation for the token.
It's 100% in first year but on top of 1 million tokens so we will have 2 million tokens tops in second year which makes a low total supply for PoSToken of 2 million tokens which is nothing compared with some projects with hundreds of millions and billion tokens. Its not like hundreds of millions tokens will be created in next year, its only 1 million tops.
And remember not everyone will Mint as they will have their tokens in the exchanges and already passed 3 months so I aim for a total of 1.5 Million Total supply after the first year.
Again, that is nothing in crypto, and that's not the case why people are selling. The only reason it's what you stated first: the big and sudden flux of new tokens entering the market as people are selling after the airdrop.
It's an opportunity for people to invest and for others to make a very small gain because PoStoken hasn't reached its full potential..
