Post
Topic
Board Altcoin Discussion
Re: Has the price of Altcoin stopped in one place?
by
Shallow
on 24/02/2020, 10:51:04 UTC
It seems that the price of Altcoin has stopped in one place and is getting lower. If the price of Altcoin stays at that fixed point, then it is very difficult for the price of Altcoin to fall. If the price of Altcoin now becomes too high, then people will start buying more and more, which will cause the price of Altcoin to go up. Is that right?

Not all altcoins were or are in a fixed position, it is hardly even done as the price is a coin is dependent on the number of people buying as well as the the number of people selling. It's either it is going down or rising, any altcoin fixed on a certain price is a stablecoin and if it's not a stablecoin then it means something is wrong or the altcoin has been abandoned. Also, during bear market might maintain a certain range of price or dump as wel and once the market changes for good the price will increase; a good example is ETH.