$NODE has been dropping recently
Why is it dropping?
Yong Ge thinks there are a few reasons
1. The overall sector is weak
The Alpha sector has recently dropped significantly, and NODE has also suffered as a result. The entire sector has been messed up by studios and big players, retail investors have lost confidence, who still dares to hold the coin?
2. Liquidity is too poor
NODE has few listings on exchanges, low trading volume, and big players can easily push down the price with just a few trades. Retail investors can't escape even if they want to, they can only get trapped.
3. Too many tokens issued
The project party has a large selling pressure early on, with 45% of tokens directly distributed to the community. Seeing such a large circulating supply, big players immediately start selling. With too many tokens in the hands of retail investors, the price naturally can't hold.
In summary, this coin has potential but still depends on the market's mood
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