What is the reason for Energi (NRG) going down

[zuziekatee]

It's bound to happen but currently the price is doing so well. You can't just see price going up Everytime. People need to take profit whenever they feel it's good. Many things can cause price dump but a good project will always rise.

[1714963845]

1714963845

[TopT3ns]

usually a price of a coin at the exchange will collapse when there is no good development and when there is bad news so in conclusion I think there is no good news yet so the price collapses because there is no more support from buyers and users, there must be developments that can lure investors to buy and provide full support.

[jacafbiz]

The problem with most of these Masternode projects is that they tend to do well initial when the masternodes is launched because most of the tokens would be locked in the masternode and has the rewards keeps coming people start selling and pressure keep mounting on the price. I personally don't rate this project because it offers nothing new

[landoffaucets]

Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.

[Drai]

Look now at the Energi price, almost 3x from the February price! I always have a soft corner and a strong faith for the Energi coin. Actually, I am convinced by the Energi team's works! This is a totally self funded project but if you follow their Instagram handle then you will realize they are doing lots of good things for the environment, for the needy people and so many social activities going on! I am a long time holder of NRG coin and I believe this coin will hit 10$ again!

[kaneki007]

Look now at the Energi price, almost 3x from the February price! I always have a soft corner and a strong faith for the Energi coin. Actually, I am convinced by the Energi team's works! This is a totally self funded project but if you follow their Instagram handle then you will realize they are doing lots of good things for the environment, for the needy people and so many social activities going on! I am a long time holder of NRG coin and I believe this coin will hit 10$ again!

Apart from the rising price of bitcoin, it seems that energy migration has succeeded in bringing back the demand. And besides that, before that many people said that if NRG is difficult to touch price 10$ because of the unknown total supply or only a few exchanges that list NRG, all of that might be only a few people who say it and there are still many people who believe in this project.

[justdimin]

As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?

From 1.5 dollar or so price to actually going up to 3.8 dollar is something NRG has managed to do in one of the worst part of the economy in the world. Everything either went down and basically recovered to what it used to be, or they are not even back to what they used to be. What did NRG do during this period? It dropped to a bit under 1 dollar for a while which was a big fall and I think was the bad fall days that everything that went down.

But, since the late days of march it has started a bull run that literally hasn't stopped even today, even today it is higher 15%+ and that basically shows you how strong it is going. I guess one thing we can be sure about right now is NRG may go down, why we could be sure? Because, nothing that goes up this much could continue to go up forever.

[totoy4741]

Most of the cryptocurrencies has been experiencing that kind of scenario even bitcoin had been their. What important is they are not making any panic, they still keep on improving and developing their projects to better and useful for the community. NRG actually reached his ATH just few days ago and the team believe that it can go up to $7 in coming months or years.

[aemma]

A cryptocurrency can go up or down and that's one of the nature of this space, in each case, the movement is determined by the market at that point in time as well as the project itself, that is, how the team are working to ensure the platform keeps growing. So as for this NRG project, I don't know much about it, but if the price keeps going down it is wise to knowing what the team are up to and also if what they are working on will contribute to reverse the price.  So basically, the market always have its effect on projects then it's left for the team to try their best to contain the situation.

[Iyeman]

Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.

this time there was no a lot of stakers that dumping their tokens to the market. The chart looks very stable and it looks like the stakers were only selling their coins when there was a huge pump happened with energi coin. I do agree with you if the annual yield that offered by energi was too high.

[Byakuga]

As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?

That's the mistake many investors keep making over and over, do you invest in Energi because of its upcoming upgrade? Anyways, NRG is a very good altcoin and price pump and dump happens in every coins life, this is normal but very hard for newbies to believe, they always want pumps, this isn't how crypto works

[Vitalicus]

A cryptocurrency can go up or down and that's one of the nature of this space, in each case, the movement is determined by the market at that point in time as well as the project itself, that is, how the team are working to ensure the platform keeps growing. So as for this NRG project, I don't know much about it, but if the price keeps going down it is wise to knowing what the team are up to and also if what they are working on will contribute to reverse the price.  So basically, the market always have its effect on projects then it's left for the team to try their best to contain the situation.

True! The fluctuations of the token price in the cryptocurrency market is usual. The market has some certain influences on the coins' price, however, the factor that impacts the coins' price the most is the development teams' plan. The project team has to work hard and harder to bring the coin back to its track, recover the price and the up-trend. All project teams want their coin to be pumped and has some position in the market unless they intended to scam from the very first moment.

[andycarrol]

Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.

this time there was no a lot of stakers that dumping their tokens to the market. The chart looks very stable and it looks like the stakers were only selling their coins when there was a huge pump happened with energi coin. I do agree with you if the annual yield that offered by energi was too high.

I think this is the influence of the corona virus which has a bad influence on the price conditions of all cryptocurrency at the exchange, so it's better to hold your assets do not sell them at cheap prices and as much as possible not to be affected by any bad news, believe me when you buy the right coin like bitcoin and other coins that have high demand, the price will rise again.

[OasisDre]

NRG (Energi) Coin is not a stable coin and I can't understand what you meant by going down when all these coins are highly volatile, even Bitcoin goes up and down, if you can't see enough potential in NRG I suggest you sell and exit or buy other coin, for me I will be happy holding bags of NRG cos I see potential in the project

[Iyeman]

Look at its inflation rate, it is too high, too many coins are issued in a year, this cause huge sales because whales are staking NRG tokens with 30-45% yearly profit.

this time there was no a lot of stakers that dumping their tokens to the market. The chart looks very stable and it looks like the stakers were only selling their coins when there was a huge pump happened with energi coin. I do agree with you if the annual yield that offered by energi was too high.

I think this is the influence of the corona virus which has a bad influence on the price conditions of all cryptocurrency at the exchange, so it's better to hold your assets do not sell them at cheap prices and as much as possible not to be affected by any bad news, believe me when you buy the right coin like bitcoin and other coins that have high demand, the price will rise again.

corona virus has nothing to do with the price of energi but you must try to take a look at how big the annual yield that has already offered by the developers. There are so many people from airdrops were also trying to staking their coins too.

[masterrex]

As all know from last month all cryptocurrency moving upwards, But one of the altcoin know as Energi (NRG) has nothing good results. From a few days, Their GEN 3.0 release is also near (Not conform) and they also trying to release their hardware wallet support. But after this many new announcements the price and volume of Energi (NRG) not doing good. Its price going down day by day and investors were going in loss. So, the question is, what is the reason for Energi (NRG) going down?

That's not quite surprising, because thats how cryptocurrency works, pump for a while, then dump and dump even Bitcoin also experience that. because that was a part of the crypto volatility, No matter how good your project is, if your investors are not willing to hold your tokens/coins anymore it will result in dumping on the market and if there are not enough buyers what do you expect to happen? of course, the price slides and it can trigger also to other investors that holding your coins/tokens and also sell, their holdings It was like a domino effect because the price was dictated by the market movement. 

[Vohoanghiep]

I think because they release so many tokens on the market, they don't control it strictly. If the supply is too much while the demand is too little, it may lead to a fall in its price. Besides, with the recently updated Gen 3 version, I was told that it is not supported by Coinomi. Therefore, it is possible that the above reasons make the price decrease

[Ryushin]

It seems most newbies don't know how crypto works, most newbies expect all coins to start surging and never coming down again, that's impossible, Bitcoin was at 8000$ in January 2020 and by March Bitcoin went down to 3600$, see that huge loss in value? Not even Bitcoin can maintain a stable price for long, these coins aren't USD Pegged