For those who followed me.
This morning, the order bok is in a completely different configuration: I doubt that there is again a big margin of decrease (several orders of purchases with volume).
Now, whenever the dev is given good news about MTP or XZC is admitted to Poloniex, the possibilities of violent rebound are strong in the short term.
Moreover, Bitcoin has just seen a sharp rise and it is likely that it stabilizes or decreases slightly, so the alts had to go up in the next 2 or 3 days.
Good shopping :-) !
What volume are you talking about, the market is the same and if someone dumps the equivalent of 40 BTCs of XZC the price will fall under 0.00007587 BTC per XZC.
It is not so simple : nobody will sell all the market alone :-).
And 40 BTC is 2 times more than when I spoke of falling price : this is proof that the market has become twice as buyer and will have a hard time to fall now.
The order book can change configuration in a few hours according to some orders, so it must be monitored regularly.
My point of view is that Bittrex market is used by miners to sell the buy orders are in BTC38, there where real investors put their money
Overall, it is also more or less my opinion (but there is also miners in China).
I don't care of miners or investors selling this coin . I only care of this potential zcoin . it will be a promising coin in the future.
Before selling this coin Just look at this roadmap and you can know what you are doing .