Here are 5 short and real reasons, takeaways, why the price of Qubic tokens may drop even though the project is “working at its best”:
1. Supply > demand
If more people are selling than buying, the price goes down regardless of the quality of the project.
3. General state of the crypto market
If the entire market is falling (e.g. Bitcoin is dragging everything down), most altcoins are falling along with it.
5. Impatient investors (selling pressure)
People who bought early take profits or exit because there is no rapid growth → additional pressure on the price.
Qubic💎💣🥇💟🍀
@d_de13 Early Days!Right now at ~0.1% DOGE hashrate, the mechanism is working but too small to overcome emissions + selling pressure. It probably needs at least 10%+ (100+ TH/s) for the DOGE flywheel to make QUBIC reliably deflationary most epochs. Patience!😉