Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
atom21
on 05/04/2017, 09:34:48 UTC
xem at poloniex have fake sell wall
to have down the price

but if you see the charts until 1900 is no big wall
simple someone put a lot of xem at very high price

nem soon will hit 3000 for sure Wink Wink Wink Wink

Can you explain why do they do that?
I've seen it mentioned with quite a few coins that someone is trying to keep the price down but I never understood how does the low price benefit them?