So guys what do you think? Can we see further increasing of price of XEM before snapshot will be done? In my opinion, there can be some price increase....
Been in this game since 2013. Dissapointing price action for any altcoin with a "Swap" coming up.
Not looking good for Symbol considering the fact none one is buying XEM just selling it.
Looks like "insiders" with 100m+ XEM have been opening big shorts on Binance and then using there big bags to unload, causing price to crash and at the same time earning them even more Bitcoin.
If you have big bags of tokens, this is the easiest way to make Bitcoin.
Disappointing only to make 27% profits on this, had more potential, but onto the next!
"big shorts" ... well, the result will be that they own 100M XEMs after the snapshot, too.
I guess that means that XEM will have some life in the future ...
But on the other hand this kind of "expected drop in price" is very good opportunity to play with shorts.
Ofc there is some risk to fail with those shorts too, but if the big boys are controlling the markets, then the risk is minimal.