Topic: Where do these Jumps in value come from in altcoins - page 4. (Read 426 times)
Most of these coins are just pumped up by manipulation. These are just quick pump and dump schemes to get fools to FOMO and buy in.
For every rise above 10% there's got to be some news whether be it public or not.
In case of small cap coins, a series of buying from a whale can have a huge rise in price.
And for larger cap coins, huge whales like hedge funds or investment companies buying can make a difference.
In case of small cap coins, a series of buying from a whale can have a huge rise in price.
And for larger cap coins, huge whales like hedge funds or investment companies buying can make a difference.
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)
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