I don't care if the price goes to 50 cents on cryptopia in the next couple days. That won't mean much. This exchange and volume are insignificant. We have yet to see the real movement in this market and the price will have all kinds of fluctuations. The whales I know are on poloniex, bittrex, kraken, and bitfinex. Electroneum is just getting its feet wet. The big shark buyers are not in NZ waters.
I would like to think the big time buyers already bought at the ICO.
I mean where were they when the ICO was going on?
A lot of people dont like to throw big money on ico, because of the fear that the ico or the project might fail.
Once the coin is on the market, and the team is working on it, and the project is interesting, ONLY then you may invest big money.
Example
personally i would not invest in electroneum ico 20.000$....cause is new and fragile
but i would for sure invest that money in a more robust project like ethereum bitcoin litecoin and so on...
So the more strong is the coin and the project, the more money attracts....
Also listing on the exchanges is not only a matter of trade, but also visibility. The more exchanges, the more people see it, and the more are willing to invest.
Example... I dont use Kraken. If an ico that i missed is lunching on kraken, i might miss the initial phase....But when it comes to poloniex(a exchange that i use) i then see it, read about it, and invest....
So the whales will come now , tomorow , after 1 year and so on....if the project is strong and good.