Post
Topic
Board Announcements (Altcoins)
Re: [ANN]INNOVA - We strive for innovation and adoption! | Hybrid Tribus coin
by
readyUP
on 17/11/2022, 23:29:49 UTC

To bring to 50 cents it would only be about $45,000 market buy. It is nowhere near 6 million dollars to bring it to 1 dollar.

I don't think you understand how the market cap works. 6 million dollar market cap doesn't mean it would take 6 million dollar market buy.

In a bull market this is nothing.

I think you don't understand how it works man..

You are only considering the exchange and the order book.

after you take out the order book and hit $0.50 what happens?!

the price will not be stable and will collapse again to a few cents, due to the lack of liquidity.

You talk about pumps and dumps. Yes, to get rid of the order book you need 45K$, and after that? to keep the price stable?!

You will need to offer the same price level to anyone who wants to sell at that time.  There are 6 milion INN coins, so you should have the liquidity to satisfy all 6 milion INN.

it's simple math, math is not an opinion.

If you go to CoinMarketCap and scroll to 2018 you will see for yourself that there were millions of $ in the project to support the price.

same days, at that time there was less supply circulating and it took 2mln $ and 15k $ every 24h to support the price.

http://[Imgur](https://imgur.com/adwfHUc)


same date, the price just above the $

http://[Imgur](https://imgur.com/bkCMMfp)


if we talk about pump and dump where a single investor sells, gets rich and exits, then yes, only a few hundred thousand dollars are enough.