Topic: Where do these Jumps in value come from in altcoins - page 2. (Read 426 times)
Pump and dump, huge investments, positive or negative news, etc can cause these kinds of price change in alt coins. If you notice a huge growth in price, then i think you can be almost sure that there is some news behind it.
There can be several reasons behind the jumps and falls of price. Most of the time the prices get increased and decreased for pump and dump. It is a kind of manipulation which leads the price changes in cryptocurrency most of the time.
of course there are in the market. usually the value will drop very sharply siakibatkan because of a few things. For example, because a lot of negative news about the coins. Or it could be because it is the condition of ceypto was then jump.
Tokens and coins often raise the price artificially. This is very common in crypto market. You need to analyze the market a bit.
The market is volatile so it is very natural for the coins to see pump in the price and sudden drops too. But, having major pump does have connection to people spreading good news, company announcing new partnership deals, renowned crypto enthusiast tweeting something good about the particular coins. Sudden drops are also related to incidents like FUD and manipulation.
According to me, the main reasons behind such fluctuations should be news spreading out too quickly on these coins. Good and bad news affects the coins in similar ways. Moreover, there are many people who manipulate the market either by holding too much coins or by FUD. Higher fluctuations usually indicates major changes in organization or increasing ease of trading/exchange.
If you have seen these types of jumps recently I would have to agree with everyone else and say it's a pump and dump scheme. Coins will pump on solid news. They will also pump when new money enters the market.
Yeah I agree with you and also to mention that some times a group of specialized traders pay some influencers to say some good things about a particular like we have seen with john Macfee in his past tweets
a lot of things can make a coin to jump high in price, it could be that a dump and dump group, pump the coin, or that it is listed on a new exchanges, or there are a news about the coin, something normally makes the coin to go high.
I have been messing around in bittrix for a few days now experimenting with day/swing trading for the first time. I understand how new information coming out can greatly effect prices via news articles and even tweets sometimes. What im having trouble understanding is coins that seem like they're doing nothing in the market for days/weeks/months will then jump up in value 20,30 or 40% without to my knowledge any news coming out or external reason for the jump in price.
I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
It seems to me that the greatest growth of a coin occurs when a coin goes to large and popular exchanges, it always contributes to growth. In some cases this may be an ordinary pump! I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
Low volume alts are easy to manipulate. Even a small pull or single microwhale can manipulate it for his benefit. There is also a psychology - if people see an asset growing they are starting to buy it. So there is nothing mysterious about it.
I will advice you to study cryptocurrency more. there are so many factors that are responsible for increase and decrease in value of crypto asset. firstly in trading we have to type of order. the sell and buy order. increase in value of any altcoin is an indication of high buying volume of such altcoin which some generally refers to as pump but when altcoin are massively sold (popularly called dump) the price of the coin will fall and this is exactly what you are witnessing. that altcoin was pumped and later dumped by traders.
are you reffering with USD value or BTC?
if you refer with USD value it is normal go up once BTC went up.
but if BTC price of the token went well then there is a good partnership or update with your holdings.
if not then there must be a good demand then.
if you refer with USD value it is normal go up once BTC went up.
but if BTC price of the token went well then there is a good partnership or update with your holdings.
if not then there must be a good demand then.
I have been messing around in bittrix for a few days now experimenting with day/swing trading for the first time. I understand how new information coming out can greatly effect prices via news articles and even tweets sometimes. What im having trouble understanding is coins that seem like they're doing nothing in the market for days/weeks/months will then jump up in value 20,30 or 40% without to my knowledge any news coming out or external reason for the jump in price.
I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
This market is quite new and still not very liquid. Here you do not need a lot of money to raise the price of some ordinary altcoin. In addition, I'm sure that many manipulators own insider information, thanks to which they start buying a coin earlier, and when the news comes out, they are already selling it
I have been messing around in bittrix for a few days now experimenting with day/swing trading for the first time. I understand how new information coming out can greatly effect prices via news articles and even tweets sometimes. What im having trouble understanding is coins that seem like they're doing nothing in the market for days/weeks/months will then jump up in value 20,30 or 40% without to my knowledge any news coming out or external reason for the jump in price.
I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
the tokens or coins with a low volume and listed on few market is usually had a price jump because some whales manipulated the price.
Mostly all the altcoins are backed by some project. When the company releases some new update or the coin gets listed on some exchange, price increases because the demand increases. That's why it is important for a coin to be backed by some working project to keep its demand running which will give it a future value. You will see a pump in a coin if there is some mainnet release, exchange listing, app release etc etc.
Normally the price rise suddenly is because of some good news such as listing in exchanges, coin burn and etc. Sometimes, it can be due to some pump and dump activities. It is good that you check around for the reason than buying with the flow.
Normally these jumps in value come as a result of some of the pump and dump groups that are existing, I have seen it in action, I have been in some pump and dump group, they will call out a coin, you will watch the coin, go up to about 1000% then it will start dumping again, So most of the price jump is pump and dump group.
It's not possible for you to catch on all the coin news, most times those coins that will make a major jump could be a pump and dump group, they might decide to pump a particular coin and once pump, it will jump so high before they will start dumping, so do the ones you can.
There are several reasons behind price fluctuating like that, most of the times its manipulation or fomo spread from the community and sometimes, there are reasons like organization signing a deal, merging with other partners to come up with new technologies and inventions.
I think that the value jump is not always good. If you find anything weird please do invest about this. I think value dependents on project. My view is if you want to know this market briefly you have to research for everything
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