Everyone wields different powers when it comes to business. Some say that cryptocurrency prices can be manipulated by wealthy individuals. Despite being decentralized, it seems that price movements can be controlled by specific entities.
So, in your opinion, can everything related to money in this world be manipulated? For instance, do you believe that the value of the USD or the largest stock market in the US can be manipulated by a few individuals?
What kind of people are capable of market manipulation?
There are different forms in which the crypto market can be easily manipulated and most of the time, only Altcoins do this except for bitcoin, even the ones that you see with prefix of DEFi all around their names all do this habit of market manipulation and all depends on the distribution of the coins in supply and the total supply.
-When half of the circulating supply of a coin is in the hands of one or two people, it is always easy to do whatever they want, they can manipulate the coins with the little stablecoin in their possession, drag the price to what they want and then sell everything to exit the project completely, the few buyers will be forever waiting for other victims, they may get lucky or they will remain in that lost forever.
-When the team have both circulating supply and the rest of the supply and all under their care, they can do whatever they like, especially when they comes to a disagreement between them, they can offload the coin on the market which can plunge the price of the token.
To avoid this, avoid altcoins and buy only bitcoin or you can do your research to see how coins are distributed among people before you buy any of them, you can also check website analytics that gives updates on how tokens are been unlocked by different projects.