“Positive” news and the price is dropping? Here’s the story of $NEAR today 🤔
According to CoinMarketCap, NEAR is among the biggest losers in the top 100 coins, down about 8.8%, with its price near $3.92.
The strange thing is that NEAR holders recently voted to reduce the annual issuance cap from 2.5% to 1.6%. That means fewer new coins are minted, which should theoretically be good for supply.
But the market isn’t always logical in the short term. When sentiment is fearful, even good news can get sold off.
And it wasn’t alone: $ZRO and $ENA also fell by more than 8%.
Not financial advice.
Do you think reducing issuance will affect the price in the long run, or is this just talk?
#BinanceSquare #NEAR #CryptoNews
According to CoinMarketCap, NEAR is among the biggest losers in the top 100 coins, down about 8.8%, with its price near $3.92.
The strange thing is that NEAR holders recently voted to reduce the annual issuance cap from 2.5% to 1.6%. That means fewer new coins are minted, which should theoretically be good for supply.
But the market isn’t always logical in the short term. When sentiment is fearful, even good news can get sold off.
And it wasn’t alone: $ZRO and $ENA also fell by more than 8%.
Not financial advice.
Do you think reducing issuance will affect the price in the long run, or is this just talk?
#BinanceSquare #NEAR #CryptoNews
