Thank you very much for all your clear answers!
To be honest i entered in the cryptoworld 2015 just as an tech enthusiast, but no economics fundamentals background.
I took a pause from crypto due circumstances ( Not having enought time for that), now i'm entering a again, not due making profit, that would be of course a nice side effect, more because I like the technology and the philosophy behind it like years ago, so I'm trying to catch again all information and new inputs out there, and also to finally learn the fundamentals of markets behavior.
So by that thank you for your inputs!
About the project I was just curios, because i watch them years ago, and they still working on it(contributing on github) having a product, but honestly there is somehow something wrong by them, no real communication with the community and that exchages lol.
Topic: SCALA (XLA) price went 250% up according to coinmarketcap. HOW?! (Read 162 times)
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value. 
https://coinmarketcap.com/de/currencies/scala/
I think some one just trying to pump it for attention or some one buy some token and It's pump https://coinmarketcap.com/de/currencies/scala/
https://tradeogre.com/exchange/BTC-XLA
From this exchange
This is just garbage coin
A look at the volume says it all, the volume currently is $668.25 USD, which shows manipulation going on or a clear sign that manipulation took place. Also, just as most people have commented, most projects with low volume such as this are prone to manipulation hence increase in price while in reality they are just tokens with no use case. Therefore, next time endeavour to check the liquidity and not price alone thus making sure you don't get driven into investing in a useless project that will only trap your money.
Well, if the volume goes up to $ 2000-3000 then I believe the price will increase to 400-500%. It would be foolish if someone invested in this project, clearly they were a shitcoin and useless in the cryptocurrency market.
Those two exchanges are not that famous and does not have a huge volume. I check the trade history, the price was manipulated and some orders are not even touched. Many tokens like this one should be avoided. We know for the fact that this is not real gains. I wonder why CMC has always uploading data from a manipulations.
The total volume can even trade by few people or even alone. So how could they called it a 200% gain. Also never heard project, but based on description its from Germany.
The total volume can even trade by few people or even alone. So how could they called it a 200% gain. Also never heard project, but based on description its from Germany.
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
Things like this happens alot in crypto space, welcome to crypto space friend, this is nothing but pump from unknown people , if you are holding the token I suggest you should dump, the trick is holders will earn big and new comers will end with big loss https://coinmarketcap.com/de/currencies/scala/
Another shitcoin on this market. Even its volume is only $ 600 and no one is trading there. Stay away from projects like this if you don't want to lose money. I believe that in the next few hours the price will collapse and return to the way it was
Instead of checking price you must check the liquidity and volume first of any altcoin on cmc because this is very important to understand the difference between shitcoins and good altcoins anyways the altcoin you mentioned above has only $660 volume on non notable exchanges so it's clear sign to stay away from this altcoin and don't be a victim of scam.
Never mind projects with volumes below $ 500k. Its price will be easily manipulated and may rise or fall at any time, only interested in leading altcoins in this market and altcoins with large volumes.
Ignore the percentage increase. That coin is on rank 1028 and basically most of the coins on that tier doesn't have any volume left. So, a $500 dollar buy order is going to be a big thing for coins that has low volume. The ranking site also can do whatever it want with specific coins.
They can increase and manipulate the volume and gains that it shows as per percentage but don't be caught with that stats. If the real stat says they only have $500, don't waste your time.
They can increase and manipulate the volume and gains that it shows as per percentage but don't be caught with that stats. If the real stat says they only have $500, don't waste your time.
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
it seems like someone bought quite a bag... but looking at the volume.. this is a real shitcoin.. it may be the developers doing it .. trying to lure other traders into buying their garbage coinhttps://coinmarketcap.com/de/currencies/scala/
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
it seems like someone bought quite a bag... but looking at the volume.. this is a real shitcoin.. it may be the developers doing it .. trying to lure other traders into buying their garbage coin https://coinmarketcap.com/de/currencies/scala/
it's a common sense in crypto world. if you're long enough in crypto you will see it happens again, several times. i check the coin you said, total volume in 24h is only $665.75 USD, for a shit coin like that, they can make it up 1000% in 24hours.
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
Its volume is $ 600, so you just need to skip it without being curious or conducting research with it. This is just a shit project in this market and nothing is too special for it https://coinmarketcap.com/de/currencies/scala/
That is a ploy to lure people to buy the token and once they do, they are a gunner. What is the essence of having a pumped token without liquidity to Carter for the corresponding increase? Avoid such project.
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
https://coinmarketcap.com/de/currencies/scala/
In the world of crypto everything can be made, and I think there is a mistake on the site. I opened https://tradeogre.com/exchange/LTC-XLA the web is not active information on 405. On Crex 24 the price has only reached 0.000000009 less than 1 satosi. The volume is also small, so it's easy to raise prices.
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
Because Bid is too little, it can pump up to 250%. I have seen shit coin pumps reach over 1000% and it falls back at the same price in just 10 minutes. Most are just fake pumps and there is no buy order. So such shit coins are not worth paying attention to and should not speculate on such shit coins. https://coinmarketcap.com/de/currencies/scala/
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Have you seen the total volume? Give me $100 and I will pump it to 500% within last 24 hours 😂 Low volume coin price can easily be manipulated. Most of the shitcoins do that to attract investors.
Can someone explain me how this happend? Because on the listed exchange sites like tradeorger and Crex, there is nothing that went up to over 250% on value.
https://coinmarketcap.com/de/currencies/scala/
That garbage coins gets random pump and as someone said above me if that doesn't matter a lot. Those who holding it will take the profit while the new players that will enter to the market will get nothing other than a big loss. https://coinmarketcap.com/de/currencies/scala/
This is also happening with switch it has no strong fundamental but it gets pumped like crazy
A meme is worth a thousand words:
Anyway, according to coinmarket the volume is 600 EUR in the last 24hours.
This token is worthless. Someone just bought 600 EUR and price pumped, but there is no liquidity
Anyway, according to coinmarket the volume is 600 EUR in the last 24hours.
This token is worthless. Someone just bought 600 EUR and price pumped, but there is no liquidity
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