$WCT THE PLUNGE
Now trading at price of 0.33 was once trading at solid price of 1.3$. Was this a high selling pressure or a manipulation from the makers?
It was growing well so caught the attention of many traders, they saw potential in it but what they didn't see was the Pump and Dump Scheme. It was pumped so they can dump it. With interest of people rising in this coin due to its sudden price increase, most traders opened long positions which created a high difference between long and short positions. That was the time market movers and big players started selling off which triggered a series of long liquidations. This series of forced liquidation triggered further liquidations which caused such a mega crash of 1.3$ to 0.5$. The silence from WCT team and exchange caused more panic which made the price crash even more.
Market moves are unexpected , no one expected a coin listed on such reputable exchange can be dumped like that. The crash of $WCT created fear among traders about new coins which is affecting many promising projects.
#WCT #wctcrash #WCTToken #BinanceAlphaAlert
