I see no problem with trading competitions, these people are the day traders. There are other investors who are long term holders and will be holding the coins. I believe if the project is good, it will attract long term holders. The trading competitions should not have much impact.
Doesn't much impact? Trading competitions wont really exist if they wont really make such impact.These exchangers do accept a certain project and launch competitions to gain volume and same goes for
popularity. Its a win-win situation for them actually.This is why we are seeing competitions like this.