Post
Topic
Board Speculation (Altcoins)
Re: LISK price speculation
by
jay_pilch
on 10/04/2016, 01:23:59 UTC
I'm thinking at launch anywhere between $0.60 and $1.20 that's my guess. Then some whales are gonna dump it down. Then it will drop to about $0.15 and stay there for a while. It's gonna take a while to sell millions of coins that got bought up in big chunks.

Whales tend not to offload their investments in big chunks. Since they control a large portion of the market, most whales will keep their holdings static, as their early intervention causes huge sell pressure and devaluation of their coin.