Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Denarius [DNR] - NEW "Tribus" PoW Algo >> PoW/PoS Hybrid >> Satoshi Core
by
kawaiicrypto
on 14/10/2017, 11:49:28 UTC
Why DNR is heading down with time. I mean initially it went to around 50k and now around 5K. A big difference. Project is dead or what ?


Many coins pumped in June/July and has been declining since then. That is how the market works.

Take a look at a LTC chart. From the pump in 2015, it went down for almost two years before it had a massive pump again - I am not saying DNR will be in a downtrend for two years though.

Big sell of from non-believers to get BTC for fork.

This is a factor as well. Some people are betting on the on of the two forks comming up to make them a lot of money.