we will discuss about $DOGS why it fall today and reason:
as you see in picture dogs start to fall exactly at 12:00 on September 23. in 2 different sell orders with total valume of 21Bilion dogs.
1st we have to know who has this amount of the dogs on hand? ofcourse developer and sponsor of the network,thats obvious they start to sell. why?
in recent days we observe there is lots of give away of dogs coins in all applications and trading apps . well developer need to advertise so they are giving away dogs for free to attract more investors and distribute the coins.
in other hands these coins have to be replaced ,defintly developers and sponsors dnt want to lose right? whats the trick here, lets keep in mind 21Bilion dogs its almost roughly around 5% of total dogs circulation. developer sells and dump the price, small investors,individuals they go in panic sells and start to sell, its domino effect. you can see the decrease inflow and increase outflow in picture i posted by big investors and small investors,but as you notice middle investors are start to collect
after dump the prices ,developer start to buy with low prices. more higher price they purchase more them assest get valuable ,how? for example developer hold 50bilion coins,he purchased 2 bilion coins at 0.001 ,he.paid for only 2 bilion coins at 0.001 but his other 50bilion now worth 0.001 ,higher price he buy ,higher value of his assest. this is what happening now. maybe you think its shity coins ,but remember if it was shity coins will not have bilion dollars in transaction. so best is buy at low price and wait. maybe need to wait for months, because developers and big investors ,they will keep this coins in close cabinet for a while until all the hit goes, then they will start again. perhaps they will work on other project after dump,so dnt expect immediate rebound. but definitely will do.
