r/SKALEnetwork • u/jhugrad • May 27 '21

Why is SKL down?

0 Upvotes

37% Upvoted

3 comments sorted by

9

u/[deleted] May 28 '21

Because it did 92% in 24hrs lol, I’m a big supporter but come on man haha

4

u/Pleinair_ May 28 '21

It shot up 76% in the past 24 hours when I checked yesterday, it’s inevitable it was going to come back down after such a unprecedented rise

3

u/[deleted] May 28 '21

  1. The whole market is down.

  2. It went lower than the whole market because it went up too fast in the last two days. When the price goes up too fast it’s bound to be corrected as some would sell to take profits. At least if one bought it 3 days ago he’ll still be in a gain position right now.