It is not rocket science why markets move, but it seems like it listening to some of you. Volume moves price. Big volume (by whales) moves the price big time. They are usually the only reason for price changes, and you can see it right on the charts. The volume bars do not lie, except on no-fee Chinese exchanges. Even then, it is still relative.
If coins for sale (let's call it "floating supply") are removed from the market and demand remains equal, the price will rise. Conversely, if floating supply is introduced into a market (as it always is at market tops) prices will fall as there is not enough demand to meet it.
Think about market crashes: Panicky, high-volume, despair-laden market crashes. Why do they not crash further? Because of buyers. This is logical. Do these buyers hope to sell at prices lower, equal to, or greater than current market price? Greater. Also, logical. Sometimes much greater if the buyers are part of professional syndicates. Crashes allows them to accumulate a huge amount of coin at rock-bottom prices while the herd panics and sells. As "floating supply" decreases after a crash on high volume and demand remains the same, gradually the market begins to act bullish as it is today. Also, logical.
"But what about the DPR auction coins?" you ask. The answer is simple. Even if dumped on the market today (which is highly unlikely), they might move the price a little, but because whales are bullish they will absorb the selling. They get to move the market, not DPR auction winners, and will easily support certain prices levels if need be. It would be an opportunity for them. Also, they can take the brakes off the market and push it very high, which is what they will do in the future, and less floating supply makes it easier (and cheaper) for them to do this. Higher prices will attract more attention from the media, and eventually the herd will begin buying again, as they always do and always have done when presented with an opportunity to profit.
To answer the question, YES, we will see $300 soon and higher, we are already on our way. The crash has set us up for it by removing a great deal of floating supply. Whales and smart traders have been accumulating this whole time and in the future, after the price mark-up, will distribute to future weak hands as the cycle begins again.
If coins for sale (let's call it "floating supply") are removed from the market and demand remains equal, the price will rise. Conversely, if floating supply is introduced into a market (as it always is at market tops) prices will fall as there is not enough demand to meet it.
Think about market crashes: Panicky, high-volume, despair-laden market crashes. Why do they not crash further? Because of buyers. This is logical. Do these buyers hope to sell at prices lower, equal to, or greater than current market price? Greater. Also, logical. Sometimes much greater if the buyers are part of professional syndicates. Crashes allows them to accumulate a huge amount of coin at rock-bottom prices while the herd panics and sells. As "floating supply" decreases after a crash on high volume and demand remains the same, gradually the market begins to act bullish as it is today. Also, logical.
"But what about the DPR auction coins?" you ask. The answer is simple. Even if dumped on the market today (which is highly unlikely), they might move the price a little, but because whales are bullish they will absorb the selling. They get to move the market, not DPR auction winners, and will easily support certain prices levels if need be. It would be an opportunity for them. Also, they can take the brakes off the market and push it very high, which is what they will do in the future, and less floating supply makes it easier (and cheaper) for them to do this. Higher prices will attract more attention from the media, and eventually the herd will begin buying again, as they always do and always have done when presented with an opportunity to profit.
To answer the question, YES, we will see $300 soon and higher, we are already on our way. The crash has set us up for it by removing a great deal of floating supply. Whales and smart traders have been accumulating this whole time and in the future, after the price mark-up, will distribute to future weak hands as the cycle begins again.