Re: NEM (XEM) Official Thread - 100% New Code

I can not understand

so many trips for dev NEM
so many deals

why price is DOWNNNNNNNN

I don't really think there is such a thing as an XEM market.

There is a Bitcoin market. There is an alt market. Many alts are still weak and news, especially good news which is never immediate, won't have any effect.

Seems to be very true. I saw this video with Richard Heart where he said that this market is completely irrational. Good news and delivery of technology milestones don't matter, which is completely weird. And it's the same for every single alt. Nothing special to XEM.

NEM had no big news, I think that is the reason.
Catapult is still not out yet, again no big news...
I think we have to be patient till Catapult will be out for the public chain or till some big business things will happen.

But I also don't understand the price movement of XEM Huh

Everytime when there is a big pump it gets dumped very hard!
Maby I am wrong but I don't see the same reaction so much on other altcoins!
Any idea where these big dumps coming from??

I tend to disagree. There are a lot of altcoins that get pumped and then dumped to even lower levels. It has been the case since the very beginning. Can you explain what Catapult exactly is? Thank you.