In a whole screen of red, there’s only one green—LSK. It’s up 21.9%, price is 0.38. Trading volume is only a little over three million, and the market cap is less than 100 million.
That old chain from the batch of ICOs back in 2016 is long gone from most people’s watchlists. The last time we had a trend like this with a single standout runner, I chased it too—I got buried for half a month before it finally moved. Now that I see a curve like this, I immediately frown. With a small market cap, you don’t need much volume to push it up. The order book on both sides is thin, and the price is being propped up by just a handful of orders.
That old chain from the batch of ICOs back in 2016 is long gone from most people’s watchlists. The last time we had a trend like this with a single standout runner, I chased it too—I got buried for half a month before it finally moved. Now that I see a curve like this, I immediately frown. With a small market cap, you don’t need much volume to push it up. The order book on both sides is thin, and the price is being propped up by just a handful of orders.
