If this observation is accurate, ETCUSD seems to like to drop just after bi-monthly paydays, perhaps two-week checks. Looking out for drops on/about Dec 3rd and Dec 17th for confirmation.
My initial observations have institutions buying up what they can, as the influx of markets that have opened this year for ETC has exploded. With a total of 205M total ETC, 106M in current circulation, there seems to be too much to go around, dropping the price each time ETC is added to a new exchange.
Encouraged by IoT on Nov 30th, I see it as possible money grab, like each of the other corresponding drops and market releases.
Let me know your thoughts below. Not financial advice.
My initial observations have institutions buying up what they can, as the influx of markets that have opened this year for ETC has exploded. With a total of 205M total ETC, 106M in current circulation, there seems to be too much to go around, dropping the price each time ETC is added to a new exchange.
Encouraged by IoT on Nov 30th, I see it as possible money grab, like each of the other corresponding drops and market releases.
Let me know your thoughts below. Not financial advice.