-Do you guys think this is the reason why price is down?
-And do you also think crypto space is very fragile even something as simple as a single tweet from someone like Sun is enough to cause damage to a project?
Please share your opinion.
The price is down because people who have that coin are scared of what will happen. So they sell that coin instantly and get their money back, no matter if they lose or not. The news comes from Justin Sun, known as the founder of Binance, which is the big exchange right now, which states that news, and that makes people more scared.
The crypto world is fragile for now. Everything can happen, especially if there is a bad news release, although we don't know if it is true. Most people know who Justin Sun is, and if he tells people about something for one project, that can give impact the project because people will think that it is not good if they don't make something.
Isn't CZ the founder of binance? I'm pretty sure its not Justin Sun but he collab with Binance to takeover that steemit.
The price of Oikos seem to have fly up though its 0.025USD when they did a private sale and $0.0375 upon doing an IEO with hoo exchange when it touches $0.14 thats when the fud came so obviously many will ride the fud to take profit.