Bitcoin Forum
August 20, 2022, 05:48:08 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why has most chinese projects dumped harder compared to the market average?  (Read 65 times)
100action
Jr. Member
*
Offline Offline

Activity: 35
Merit: 31


View Profile
March 14, 2018, 10:36:21 AM
 #1

Market ATH was $825b. Currently, it is $365b so a drop of roughly 56%.

Here are the drops from various Chinese projects from their Jan/Feb ATH to current figures:
CPChain - down 56%
Achain - down 84%
IOT Chain - down 80% (using $4.85 not the telegram pump ATH)
Bottos - down 69%
Neo - down 59%
INT - down 85%
HPB - down 77%
Aelf - down 75%
Nuls - down 66%
Matrix - down 66%
WTC - down 58%

Better performers:
Elastos - down 50%

Does anyone have an explanation as to why the more prominent Chinese projects have dumped harder than the market average? Some of these coins are actually quite promising too.
1660974488
Hero Member
*
Offline Offline

Posts: 1660974488

View Profile Personal Message (Offline)

Ignore
1660974488
Reply with quote  #2

1660974488
Report to moderator
1660974488
Hero Member
*
Offline Offline

Posts: 1660974488

View Profile Personal Message (Offline)

Ignore
1660974488
Reply with quote  #2

1660974488
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
liangweicha
Member
**
Offline Offline

Activity: 238
Merit: 10

The Experience Layer of the Decentralized Internet


View Profile
March 14, 2018, 10:40:56 AM
 #2

Because of China's most token is a hype, their actual value is not so high, so most of the time, because the term mastery a large number of tokens, so they can manipulate the market price, and when the bear market comes, bubble collapse, so most of the tokens will have big losses.

anggriani
Sr. Member
****
Offline Offline

Activity: 630
Merit: 251



View Profile
March 14, 2018, 10:48:03 AM
 #3

frankly if you look at the market globally, not only is chinese altcoin dumped harder, all other crypto are also experiencing the same thing and I think the whole crypto market is stuck.
NutellaboY
Newbie
*
Offline Offline

Activity: 121
Merit: 0


View Profile
March 14, 2018, 10:52:57 AM
 #4

Because of China's most token is a hype, their actual value is not so high, so most of the time, because the term mastery a large number of tokens, so they can manipulate the market price, and when the bear market comes, bubble collapse, so most of the tokens will have big losses.

To be honest the most of Chinese coins is a useless. But also all other tokens is useless too. Nobody is using any coin for something more than speculations
ifirina
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
March 14, 2018, 10:53:51 AM
 #5

Market ATH was $825b. Currently, it is $365b so a drop of roughly 56%.

Here are the drops from various Chinese projects from their Jan/Feb ATH to current figures:
CPChain - down 56%
Achain - down 84%
IOT Chain - down 80% (using $4.85 not the telegram pump ATH)
Bottos - down 69%
Neo - down 59%
INT - down 85%
HPB - down 77%
Aelf - down 75%
Nuls - down 66%
Matrix - down 66%
WTC - down 58%

Better performers:
Elastos - down 50%

Does anyone have an explanation as to why the more prominent Chinese projects have dumped harder than the market average? Some of these coins are actually quite promising too.

Hello, add to your list the project of the "Banca", it fell in price by almost 60% after entering the HitBTC exchange. Very strange situation.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!