I'm starting to think there are whales bots that auto sell as BTC goes up a certain %.
Unlikely. Alts get slaughtered lately whenever BTC does a strong move - doesn't matter if up or down. If BTC goes down, it's a flight to safety (move wealth to the biggest asset), if it goes up, it's FOMO.
It seems like madness, but in the end there's some logic behind it: if you put money into an altcoin, you place a bet that it will perform better than BTC. If you don't believe that, you should stick to BTC. People are convinced, as long as BTC is in the doldrums. But once it makes strong moves, they shed the belief and dump alts, frequently even accepting losses.
In the end, there's quite some on record they believe BTC will break $10K soon-ish. Whether or not altcoins can keep pace is open to debate - after all, a lot of tokens are issued by companies who are measured against their fiat earnings. If you believe BTC is going to double this year again, you better drop alts and re-buy them once BTC's rise has stalled for some time.
Kore moved up against Bitcoin price increase, so people are realizing that there is Utility in Kore as it will be backed by a service. Bitcoin now serves Kore since people will buy Bitcoin to then Buy Kore with. This fact alone creates a buy on the market for Kore as it goes viral. Don't forget Kore provides a service to make calls with. It will be consumable by the network.
In any event people will not sell for less than they bought in so their investment will be safe once all the coin is distributed. If the price goes down investors can hedge at anytime. They can ride the middle holding Kore and Bitcoin. Now the most you can hope for profit in Bitcoin is for it to double going to 10K where Kore could easily double and possibly go up by 10X and is a way better investment. Even if Kore doubles it is less risky than Bitcoin. In any event the value is always held in the market. Again people won't take a loss, it is better to just hold on at any point or hedge out if that is what is needed.
It becomes exponentially easier to hedge the lower a price is for a coin. This means that it doesn't really matter what Bitcoin does. So if Bitcoin goes up further and any Alt were to lose half of its worth you now hedge your position for less and could profit more on a rise or bounce back when people buy back in since they don't understand the concept that their Kore is more valuable than Bitcoin at any moment.
When people see the rise of Bitcoin and realize that Kore is the same thing that Bitcoin is, with an added service and Anon etc., they will get in at $6 and tell their friends who get in at $10 and so on and so forth.
All of these people getting in now are the early adopters. They stand to gain the most. Then when hundreds of millions of people know about Kore you can apply a Diminishing Margin of Utility and only then will a Median Price point be known. So lets say 5,000 people know about Kore right now, that leaves millions of people left, and what percentage of those do you think might want to get on board?
Put your Mouth where your Money is... Now we are Talking Kore!