lets look at something else.
Currently people are trying to sell 500,000 MCO. Yet people are trying to buy 2,500,000 MCO. That should explain something.
We don't have 2,500,000 MCO to sell. We don't even have 1,500,000 MCO to sell.
As soon as there is spike people will take down their orders to get in at a higher price which will generate a very generous spike.
But again, if dominos fall.
It will take 14000 BTC right now to move MCO to -------- 1 MCO = 1 BTC
Improbable, yes, but not impossible.
Currently people are trying to sell 500,000 MCO. Yet people are trying to buy 2,500,000 MCO. That should explain something.
We don't have 2,500,000 MCO to sell. We don't even have 1,500,000 MCO to sell.
As soon as there is spike people will take down their orders to get in at a higher price which will generate a very generous spike.
But again, if dominos fall.
It will take 14000 BTC right now to move MCO to -------- 1 MCO = 1 BTC
Improbable, yes, but not impossible.
Recent hype in MCO was due to the news of Binance coinListing(one of the reasons). Do you think people may start selling their MCO's If there is no immediate high demand (or pump) on Binance for MCO?