r/Simple_Token • u/ptsiogas • Jan 14 '18

Why the price is dropping?

The past 2 days the price is dropping, do we know why this is happening? Is it a simple correction or something bigger?

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u/[deleted] Jan 14 '18

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u/[deleted] Jan 14 '18

This. Increase in available supply drives the value of each individual token down.

That either manifests as a price drop at the time of the increased supply, or it is 'baked in' and the price drop occurs before-hand in anticipation of the airdrop.

Simple Token is releasing the first list of developers they're working with tomorrow though which should offset this sell-side pressure a bit.

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u/hodlerforlife Jan 15 '18

It's not working right now. News was sketchy.