And everybody calls me a shill but not one person can answer my number 1 question: Who is doing all this huge buying after all this MASSIVE bad news? XPY should be dead, sub 1 penny and with dying volume. Yet it is not.
It's down 97% from the peak. Volume is dying (last 24 hours, not even $20k total). Are you sure you're looking at the right chart?
To explain the volume we'd have to make some guesses. What percentage of the volume is traders and bots, for example? The volatility makes it very appealing to traders.
How much volume do you think there would be from the HT faithful who haven't come to grips with the situation, and so they dig themselves a deeper hole?
How much volume do you think there would there be from morons who see that it hasn't gone to zero, can't figure out a rational reason why anyone would buy it, and so they figure there must be some secret and they buy it themselves and post idiotic arguments in forums?
Etc.