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WhiteCoin (XWC): Winter Ups and Downs
WhiteCoin (XWC) is a stable, innovative blockchain technology based coin that is made to enable fast and prompt transactions while keeping all parties anonymous and their transactions untraceable.
As with all other coins, XWC is also designed as a decentralized platform that enables transactions without any third parties involved based on the model all coins are using.
But, what is happening to this “innovative, stable and secure” digital currency, now?
XWC is suffering from unexpected ups and downs – downs which are unfortunately for holders more often than ups.
White Coin and 2018
For hundred days in 2017, XWC was showing exceptional progress when it came to having its price jumping to a total of nearly 700%, making this coin one of the most interesting to deal with. Its price was low enough making it a promising investment as you could buy at least seven coins for under a dollar.
Since the coin showed tremendous increases in the last three months of 2017, it was expected that those same investments would turn out to be right on the spot. 2018 was promised to be a fruitful year for digital coins, but if you take a closer look into changes that occurred with WhiteCoin, you could easily say that not all digital coins had that luck at the beginning of the current year.
At the end of the second week of January 2018, WhiteCoin had its price decreased to almost 5% between January 13th and January 14th. Seeing this decrease occurring, crypto coin analysts expected to see this coin going to at least 0.21$ per one unit, but instead, WhiteCoin had another decrease that occurred between January 16th and January 17th.
Where is WhiteCoin at Now and What Will Happen Next?
It’s the end of January 17th at the moment of this writing, and there was yet another decrease for poor WhiteCoin. This time the coin dropped to -16.78, which led to a new price of 0.17$ per one unit at this very moment.
So, why have WhiteCoin went through so many decreases during the last couple of days?
This is only a phenomenon called capitalism and market demand. When WhiteCoin experienced its first major decrease, there were probably a lot of holders in line for selling their coins so that they would be able to extract some profit before the coin potentially crashes down even more, so naturally as interest in WhiteCoin was falling off, its price also consequently went down.
Later on, when WhiteCoin had an amazingly unexpected increase that went up to 71%, investors probably decided to take advantage of a quickly decreasing price and buy at very low rates so they could earn profit later on when the price jumps up. Consequently, the coin’s value went up, making it worth 0.32$ per one coin. But, the coin then decreased again – twice to be exact which was yet another product of the game called buy and sell.
To conclude the story – it’s not the WhiteCoin is unstable as decrease can occur to any other coin. The market is the one that is unstable along with demand dictated by investors and holders and the moment when they decide whether to hold their coin or sell.
The more people selling their coins at low prices at the same time, the greater the chances are that the price of that coin will naturally go down and vice versa. If you are holding XWC in your wallet and if in all this madness of constant ups and downs you decided to stick with this coin, you probably didn’t make a mistake. The coin is rated as functional, with easy to use communication tools, prompt and anonymous transactions and with a focus on cyber reality.
As long as there are holders who use this crypto value for performing transactions and purchases, the coin will hold on to its value and with increasing demand, the price will consequently increase.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of coinmarketcap.com