3 Coins going up Today Within this Turbulent Times on Crypto

[gold84]

These 3 coins are going up during this turbulent times, while all the other top 100 have suffered.

Nexus: Ranking 32
Triggers: Ranking 63
I/O Coin: Ranking 81

Do you know the reason? It would be great if somebody has an explanation and share it with the steemit community.

If this post was helpful to you, it would be great to get an upvote from you. Really appreciated.

Comments

[proudclod]

I can't speak for these 3 coins in particular. Go on Bittrex (or any comparable exchange), sort by % change, and you'll see dozens of coins moving up despite the market correction.

There are a few reasons for this:

• Pump and dumps can happen during market corrections (and many in fact do!). There are quite a few "scam" coins and industry specific coins (cannabis) moving up. In general, it's best not to pay attention to these.
• A market correction like this presents a perfect opportunity for investors to buy into coins that were at an all-time-high prior to the drop. When there's enough buying pressure, certain coins can grow even during a crash. As a side note, if you've been eyeing a crypto but didn't want to invest on a high, BUY NOW!
• News, developer updates, new partnerships, milestones reached, etc. will always have an effect on crypto pricing. If a crypto reached a huge milestone or announced a killer partnership, it can still grow during a crash.

Final note: If you're curious about a particular coin, I would recommend monitoring its bitcointalk.org thread. If a price increase seems "fishy," you can always see what holders of that particular crypto are saying about it.

[gold84]

Thanks @proudclod for this response. Your recommendation about bitcointalk.org is really helpful when making a research, and to add knowledge when making a decision. I just voted your reply.