Since the release of the SmartNode reward program, Smartcash or SMART has seen over a 40% decrease!
THE CAUSE
-Realistically, most smart bag holders should have expected this type of correction at some point. There were multiple issues with wallets on HitBTC and Cryptopia (Neither of which are allowing deposits or withdraws at the moment) and the price was manipulated and driven up because of it. However, if you have been holding SMART for more than a month, you are still sitting pretty with over 500% gains, and without much to worry about.
-MASTERNODE REWARDS are IMHO the main cause of this price decrease, simply because of the high block rewards for the first few months playing into supply & demand factors. After the block rewards decreases, and the Node count increases, we should have a better idea of the true value of the coin.
AS ALWAYS DO YOUR OWN RESEARCH!!
For more information on the Ichimoku cloud, consider clicking these links:
https://steemit.com/altcoins/@ddepalma/using-the-ichimoku-cloud-to-trade-altcoins-edge-to-edge-trades
https://steemit.com/bitcoin/@ddepalma/bvyeor76
For more on how I look for lowcap altcoins consider clicking this link
https://steemit.com/altcoins/@ddepalma/6-ways-to-build-your-shitcoin-portfolio-find-lowcap-gems-and-profit
TWITTER: twitter.com/southparkcrypts
YOUTUBE:
https://www.youtube.com/channel/UC4iKbpD8ciEiN46AcGajUvA
BTC TIP JAR:
14soFE4yTKHZTE1aRUcXmTTeRmN3RLba4j
LTC TIP JAR:
LP5x8JpLYHratX6LVNY9sNUnUy3SL57CqN
ETH TIP JAR:
0x359637a4197D7ec9787DFaAE2316C55b943C3ECF
****NOT FINANCIAL ADVICE ONLY OPINIONS BASED ON TECHNICAL AND FUNDAMENTAL ANALYSIS!!!!****