It could very well be fake volumes reported by the exchanges. If the coin is listed on very few exchanges or just one, then there are no options for CMC to draw up an aggregate trading volume.
It could hardly be manipulations or market makers
Topic: 24Hr volume greater than Marketcap (Read 204 times)
In Feb 2018 i made a list of ICOs to invest in. These were highly hyped and advertised coins. I am looking today at the curves and they are all flat liners!
The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
If you look carefully, the size of the volume does not belong to today only. Pay attention to the last one month chart and you will see that only in the end of November the volume was around 1 million, afterwards there were even times when it reached 4 million and for the large volume, the price has moved very little. The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
Like others, I don't really trust trading volumes reported by exchanges. Even some of the biggest crypto exchanges were accused of faking data, what to say about some minor ones. The coin looks dead to me, and I wouldn't risk investing money into it. Come on, the market is full of top coins you can now buy at awesome prices. Why risk so much with some new altcoins? Talking about this specific project, they sure had money to invest in a fancy intro video, but their project is really nothing special and different from the rest. Looks like a potentially shady and overhyped project to me.
The last tweet of ATB Coin was October 2 and someone made a detailed post about the manipulation on their thread. They should have been active both on their thread and social media to clear the issue.
I guess we need regulations on exchanges.
I guess we need regulations on exchanges.
In Feb 2018 i made a list of ICOs to invest in. These were highly hyped and advertised coins. I am looking today at the curves and they are all flat liners!
But one of them caught my eye:
https://coinmarketcap.com/currencies/atbcoin/
The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
But one of them caught my eye:
https://coinmarketcap.com/currencies/atbcoin/
The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
I thought there are some good things happening in this coin but when I look at the exhchanges, nah it's exrates auto-pass. They are known for market maker and fake volumes. So if your token or ICO has chosen this exchange, you might suggest them otherwise.
Lots of exchanges are trading with themselve just to boost trading volume to be higher in coinmarketcap list (free advertise). That might be the reason. I dont think that someone is manipulating price on exchange when alsmost noone is trading on coin that everyone forgot about. There must no more that 1 real transaction per day. If someone with big money is manipulating this price he would spend perhaps more on fees that this coin is worth (300k marketcap).
Such turnovers for the tokens located on the 1000th place in the CMC are quite unusual and clearly look suspicious. Even trading only one bot on one exchange with such volumes should bring only losses.
Do not trust such projects, always weigh your decisions by purchasing tokens with such capitalization.
Do not trust such projects, always weigh your decisions by purchasing tokens with such capitalization.
Yes, definitly a price manipulation schema. I wouldnt be suprised if the coin is a target of pump and dump groups, too.
Exrates is not that much of a reputable exchange and that's where most of the trading volume is coming from in your coin's case. There has been accusations[1][2] that they manipulate the price.
[1] https://bitcointalksearch.org/topic/exratesme-is-a-scam-exchange-4479898
[2] https://www.reddit.com/r/SmartlandsPlatform/comments/9cwwbf/price_manipulation_on_exratesme/
[1] https://bitcointalksearch.org/topic/exratesme-is-a-scam-exchange-4479898
[2] https://www.reddit.com/r/SmartlandsPlatform/comments/9cwwbf/price_manipulation_on_exratesme/
In Feb 2018 i made a list of ICOs to invest in. These were highly hyped and advertised coins. I am looking today at the curves and they are all flat liners!
But one of them caught my eye:
https://coinmarketcap.com/currencies/atbcoin/
The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
But one of them caught my eye:
https://coinmarketcap.com/currencies/atbcoin/
The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
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