This doesn't look like a pump and dump. NEM will just rise and find a new floor at 2k sats
more likely 3k - 5k
Hmm, 733 sat just now. NEM is now the most falling currency from Top10 cryptos...does anybody know, why ?
no one knows. just daily p&D right now
I know why. Unfortunately I had to sell some NEM, because I had to add to my margin. The dump was with pain in my heart, but I had to. Hopefully the BTC ETF doesn't get approved so all alts can recover and I will be able to buy a lot XEM.
If ETF doesnt get approve now, this means all future altcoins who wants to have an ETF wil also be denied.
ETF approval is crucial for the cryptos to be recognized as a real currency
Even if there is no approval, all alts will go down because bitcoin will be down! So in both case, ETF decision will affect the whole crypto space in a negative way by falling of all alt prices
Sorry to say, but I totally disagree with you. First of all there are more reasons for this Wiklevoss ETF not to be approved. It's too early for the SEC to approve because of the uncertainty regarding the blocksize and further do the Winklevoss twins not offer any assurance to clienst in case their coins are lost. In my opinion the chance of approval for other alts is not influenced by this decision. When for instance an organisation proposes for NEM or DASH approval as an ETF then a positiv answer would be very well possible when assurance is organised for clients in case of lost coins and when there is no blocksize problem.
Further do I really believe that an approval now by the SEC could hurt the crypto world very hard when there would be hardfork for BTC in the future for instance. Approval now would lead to a big rise in bitcoin price and could eventually also lead to a big crash, these things aren't good for crypto in general. In my opinion a blocksize problem solved ( maybe actually pretty impossible) and bigger BTC price ( $ 3000-$6000) will be the moment for an approval.
