There is another thread on this on Reddit: https://www.reddit.com/r/nem/comments/m1u0z0/trading_xem/?sort=new
I think we shouldn’t be fazed by this drop. Look at how extended XEM price is in the chart. This drop is a healthy correction.
We will have multiple announcements of partnerships tomorrow as well as PR, blogs and sponsorship & ad activity throughout the rest of the weekend and beyond. As it happens, we are sharing the output with the community.
Great! Looking forward for tomorrow! I guess we can see something ninja style movement tomorrow. 🥷
…
do you really believe it?
One more analysis, which blames it on technical (apart from fundamental) reasons:
Yet I think I tend to disagree with the analysts that this is to be blamed just on some obscure “technical reasons” (or as they put it, “the sudden dip came as a result of a technical formation”). In such a situation (and generally bullish market) I would not believe a sharp drop for purely technical reasons. Since fundamental analysis gives no good reason either, this must be an anomaly.
what reason for the anomaly?
Maybe someone is deliberately bringing the price down. I would suppose that a normal drop in bullish market just before the launch of a mainnet and a lot of forecoming positive activity would not be so sharp. But why, I do not know. One plausible reason would be selling big quantities short to make weak bulls go with the panic and sell off. And then the short seller could buy a large quantity at a cheap price just before the opt-in. But I may be wrong.
you are optimistic about xym ?
and if so, what do you expect as a price…
Just x2 my all xems on -10%, and again doubled on -20%. Hope it will go up soon
Seems that something is starting to change to better moments…
better and better actually…
Come on NEMbers! XEM is cheap right now! Let’s pump it up
The snapshot for the airdrop will take place at the XEM block height of 3,105,500 or approximately 2021-03-12 00:50 AM (UTC).
So far so good at $0.61. Let’s pump it up NEMbers