Hello,
Did you notice, for around 2 weeks, the BFG price is very very stable, in intraday or day to day. It remains around 0.0145.
What is all about?
Thanks
It doesn't mean anything. If you look at the BFG chart, you may notice that the BFG rate has been in a narrow range for a long time. It looks like the main range of the BFG token is about $0.014 to $0.018, and there were only a couple of times when the rate went down and up above this range for the last year. As I already mentioned, the main reason for this is that many users still hold the BFG token on the Betfury site.
There's a proper interpretation for the sideways price and the main reason why this typically occurs is when there's no demand or interest in the token on both buy and sell or like what you said is everyone is holding.
But base on the current price of BFG which is at the bottom, It's more likely that the scenario is no sufficient demand on this token anymore since the price don't move while it's still at the bottom. I doubt many holds this token since the price should be higher if many holds the token. Most of the BFG tokens is free floating on exchange and that's the reason why the price is not moving.