Why is PRL price dropping so much?

[slarssen]

Haven't found anything in the news etc. Any ideas?

[neolite]

The price has stabilized. It grew very much in a short time. The best solution is to keep it in the long run if you have another capital to trade.

[tomwalsh]

The price has stabilized. It grew very much in a short time. The best solution is to keep it in the long run if you have another capital to trade.

I see you are part of the envion signature campaign. Can I ask how you have divided your portfolio? I am not sure whether to maintain a prl holding and only move a portion to envion or whether to make a large scale move to envion.

[sujonali1819]

Haven't found anything in the news etc. Any ideas?

i think prl goes very high price in very short time .for this now investor are trying to sell their token and got the profit . after some days when the price will go in dip then the investor again start to buy token .this is my personal opinion .

[Mehdecline]

When price moves up too fast, it will drop even faster eventually.. I think it's called a parabolic move in trading and we should be cautious especially in small caps.

[flipperfin]

People are taking profits, and it rose very fast. In a week or so i reckon it'll be back

[loloy]

People are taking profits, and it rose very fast. In a week or so i reckon it'll be back

It's a correction and no coins is exempted on price correction, indeed it gained like x1000 in just a few weeks but I don't think it will go lower than 50% from it's peak of $4.5 so the lowest ground for the correction would be higher a little bit of $2.25 before it will take off again.
Just hold as I hold mine as long as I can assure I know that our patience will not in vain.

[qazgroup]

It is normal, it pumped so much recently, i think it grew more than 100x, it is time for correction and profit taking so expert a good dip.

[loloy]

Haven't found anything in the news etc. Any ideas?

i think prl goes very high price in very short time .for this now investor are trying to sell their token and got the profit . after some days when the price will go in dip then the investor again start to buy token .this is my personal opinion .

Indeed, as we noticed, PRL doesn't dive too low because investors are just observing when to buy back the PRL, when it pumped a little bit then there would be a massive buy button hits as what have seen the first few days of the year. If I'm investing more PRL I wouldn't hit the buy button now, I'll wait how far down would be the price because I want to get good profit out of Oyster so I'm waiting for a good timing when it dips another buck the better otherwise I don't want to get behind if PRL starts pumping I'll make sure I could get on board.

[KellyCoin]

I was wondering the same thing. It took a huge dump over night was thinking maybe there was some negative news but cant find any.

[kappajoe]

I was thinking about buying some PRL...  how low do you think the price will go or should I buy now?
Thanks

[Xiao Mei Mei]

maybe people are getting interested in investing in other altcoins, so the PRL price goes down.

[ccsang]

I think PRL price is stable right now , It's get pump to high price last few day and investor try to get their profit now, so price drop is normal, I'm also holding PRL for long term and it's stay in my hardware wallet

[loloy]

I was wondering the same thing. It took a huge dump over night was thinking maybe there was some negative news but cant find any.

The formula of trading is buy low - sell high and those selling they still getting profit because they bought it somewhere Oyster PRL was as cheap as $0.50 or less, they're just waiting a little bit time to pump sugar when it starts to pump then they gonna buy more PRL's as they could because everyone knows it would get back to the top and might surpass the highest peak og $4.5 earlier this month.

[loloy]

I think PRL price is stable right now , It's get pump to high price last few day and investor try to get their profit now, so price drop is normal, I'm also holding PRL for long term and it's stay in my hardware wallet

That's why people feel broken about PRL's value this week. If you guys don't wanna see PRL's price after you woke up then you'll never know Oyster dips badly this week. I would suggest to delete that CMC bookmarks and try to open CMC next year then you'll find PRL on the first page, probably 3rd or 4th.

[indrakusumaindra]

Haven't found anything in the news etc. Any ideas?

cause so many people are buying prl for short term investment they want fast money and dont want to hold it long enough. so many people like this that makes market value unstable. or maybe prl already at the peak thats not weird that its going down bit by bit over time

[ledigi]

also the circulating supply has been updated and its 2x from what it was a few days ago

[hanlieuiypm9832]

also the circulating supply has been updated and its 2x from what it was a few days ago

If this information is true, that is terrible. As far as I know, the total supply of a crypto coin should be constant, there is no possible to increased.

[mvillar]

also the circulating supply has been updated and its 2x from what it was a few days ago

If this information is true, that is terrible. As far as I know, the total supply of a crypto coin should be constant, there is no possible to increased.

Total supply is constant and hasn't moved. Circulating supply was incorrectly quoted by coinmarketcap for a while and thus the market cap was misrepresented. MC = Circulating Supply * Coin Price.

[kohahan]

speculators worry .. I swill only because of this, the price goes down