Re: [ANN] SPECTRECOIN | Anonymous | Stealth-Staking | Tor | Ring Signatures
Just parsing terms here... if "oblivion" is meant as a low price per XSPEC/SPECTRE unit; that's a supply-and-demand issue at root. Specifically, those who have held this coin are selling it (for whatever reasons) in greater proportion than those buying it. Perhaps some of them are devs or whales that need to pay some bills, perhaps it's because the BTC chart doesn't look great technically
Yeah some whale is massively cashing out right now. If you look at the trades on Livecoin, it's not a steady selling pressure, they're always eating the entire set of buy walls at once. And if you're looking at the selling side of the order book, you can see some patterns there as well. That's a single person, he/she is not going to be able to keep doing this forever.
On the long term this is good because it evens out the coin distribution. The more people hold coins, the better because it strengthens the consensus.Btw. the Bitcoin chart doesn't look so bad IMO because it's still aligned with the exponential wave pattern that we've been witnessing during the previous halving periods. But that's a bit off-topic here I guess.