I've seen Dash pumped last time but it dumped quickly, what's the reason of the pump?
This is will no any answer, market has own way to up or down, flash or pump, all about price speculation can be a factor. It's mean, it happens as token holders/community wants. So, trades carefully, i think current market still not stable, so anything will happen very fast.
But someone answered it below your post. Anyway thanks for that reply.
I've seen Dash pumped last time but it dumped quickly, what's the reason of the pump?
The Dash coinbase is reduced compared to other currencies.
We have a lot of master nodes with staked coins, and this leaves a very small float in the exchanges ... for both the pumps and dumps.
The rise to $ 1600 was fed back by this fact. With few purchases at the beginning the price rose a lot, which caused others to run after the price for several weeks.
This is likely to happen again in the future, since even though the monetary base is greater today in Dash than 2 years ago, technological advances and current master nodes would justify that any strong entry or change in trend triggers the price so exaggerated
We saw it a few days ago in the Coinbase exchange where the price flew in a few minutes ... because that can be transferred to the rest of the market if there is a clear trigger.
A currency that works at the Dash level and offers 7% returns to master node holders is something that has worked, works, and will work in the future.
Your answer make sense, I was surprised to see that it had pumped for a while and then get dumped. I know that there were pump and dump coins but it's Dash and that was a bit shocking to me. Anyway, those who have made money out of that pump surely bought back at low price.
I've seen Dash pumped last time but it dumped quickly, what's the reason of the pump?
Big wale manipulators are selling their last coins. They are waiting on big alt sell walls of early crypto times, they can buy into. But the walls do not come any more, sorry for this.
You should keep in mind that science evaluated apes as better investors than human "intelligents", long term. On the stock markets apes are not present, because human "arrogants" are suppressing them as "simple minded". Perhaps animals are playing here against human "rationality" to buy back their woods. I wish them all the best.
That's kind of deep comparison though.
