Topic: Why 6000% price growth in just 24 hour on AurumCoin (AU)? - page 2. (Read 534 times)
This is very normal in this market. When mechanisms and policy management are undermined. The price manipulates, pulm prices of project members to attract many investors. Upon arrival at a proper price, the price will decrease
It's just pump&dump coin , very low trading volume means that someone sold it to himself and now he will try to sell it to someone else . I hope they won't succeed , because this project is a pure scam , as they even have not a properly working web site .
I was surprised at the news today. Especially, when I learned that this is a dead coin, which left the developers a year ago and any operations are impossible. This once again proves that miracles often happen in the cryptocurrency market.
The pump has ended but there's still an effect to it.
Current price of Aurumcoin is now worth $43 (15.07%) and I'm sure of it that it will not take a long time, we will see this coin starts to become red and go back to its normal state. And its ranking has gone down to #315 as well, classic pump and dump in history.
Current price of Aurumcoin is now worth $43 (15.07%) and I'm sure of it that it will not take a long time, we will see this coin starts to become red and go back to its normal state. And its ranking has gone down to #315 as well, classic pump and dump in history.
This is insane and pure trap tactic by someone who is holding large amount of AU but watch the volume it is still under one bitcoin so no one is going to take it into serious consideration but there are only three exchange offering trading for that coin and only one exchange quoted that price but no one bought or sell today for that price?
I saw that too, but a look at Cryptopia and coinexchange didn't show the price quoted on CMC. This has got me confuse and wondering if there is an issue with the quotation or the exchange. I miss that too.
When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?
But it looks like not enough volume to trade that coin on any exchange?
But it looks like not enough volume to trade that coin on any exchange?
We can see that the price increases because of the simple and the pump trap that we have used to see. It is not too difficult to understand that the rate of pump done is too much as we can easily understand that it should not be taken with very little research. We can easily see that it is a new whale trap and that the amateur investor will make a mistake with the price lowered if it is necessary to sort out reasons such as the fact that it is very open on the stock exchange, the transaction volume is extremely low and there are not very good details about the project. I would like to point out again that the price is very comfortable with the reason that the volume is not available. Apart from the existing whale investor, another whale investor can reach the bottom spot or top spot when the price is very comfortable. For that reason, it will be beneficial if you do not make an investment while not taking this trap. I hope many amateur investors will not be hurt.
I also think like many who write on the forum that this manipulation of the price of the stock exchange,and there the volume is not large,and therefore shook her standards,and if it was volume it would not get them to inflate,I think soon it will fall down,and maybe even proportionally
I think there is a technical problem or something wrong, I think there is no reason for it to be so valuable. You can wait a few days to understand. Actually it was a shock to me.
Insane !! I've never heard of this coin until I visited coinmarketcap and saw the 24 hour price change. 5,749.24% increase in 24 hours?
Quite simply, someone was making an order for the purchase of 0.00155017 Au at a price of 0.03059183 BTC. This order with trade volume of 33 cents and showed such a mad growth.
Just check coinmarketcap, aurumcoin price already growth more than 1500% in 24 hours, but trading volume very low, maybe just someone mistake buy coins at wrong price? even market trade volume is high, it's too risk to join the party because whales will pump and dump the coin in short time
Have no freaking idea. Maybe con marketcap has been hacked or maybe somebody is pumping this coin very hard. It's very easy to pump the coin especially on such sh#tty exchanges like CoinExchange and Cryptopia. Manipulation is everywhere.
Lol just because one shitcoin got pumped meaning coinmarketcap has been hacked?Are you newbie to cryptocurrency world and know nothing about the pumping and dumping that happening here?for how many times we have seen this capitalist attitude that will invest for short in what they wanna pump
I think , The new currency and small capitalization, the sudden increase or sudden drop is very easy to happen with AurumCoin the number of low education with a BTC, it is very easy
To be honest guys the site is similar to fraud but they have only 300 000 coins . But the growth is surprising. Now 7900%
It does not look like you are a new member to this community so i am surprised by your lack of knowledge.
This is clearly the case of pump and dump or small chance that it is an exchange glitch.
This is clearly the case of pump and dump or small chance that it is an exchange glitch.
Classic Pump n Dump. Their recent daily volume is just ranging in $300-$500, I imagined their order book must be shallow and have extremely low volume so with only a few thousand dollar the price can be pumped. Look at the volume on the day it was pumped, only $5900. That's less than 1 BTC.
I do not think it’s a mistake because they even moved up so many places to the 23rd positions
And it’s not just normal and is very strange
Maybe an error or price indifferences
Or better still
Something I can’t just comprehend
PnD isn't a strange occurrence in crypto. And it’s not just normal and is very strange
Maybe an error or price indifferences
Or better still
Something I can’t just comprehend
When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?
But it looks like not enough volume to trade that coin on any exchange?
Maybe the whales has pump in and surely a trap is set up for the gullible ones to buy at the latest price and hoping to see more pump just like xrp in 2017, obviously by the time the whales dump the coin (au) the price will fall below it original price, this is not a popular coin per say I was just wondering how it attained such a massive price within 24 hours. But it looks like not enough volume to trade that coin on any exchange?
LOL.
I saw it too, its now #23 on CMC. This is the typical pump and dump coin, the volume is very low and this can finally be dead if there are people who will feel FOMO and start buying this coin. Listed on few exchanges and there are people who are definitely going to sell at high but are there enough people to buy?
I saw it too, its now #23 on CMC. This is the typical pump and dump coin, the volume is very low and this can finally be dead if there are people who will feel FOMO and start buying this coin. Listed on few exchanges and there are people who are definitely going to sell at high but are there enough people to buy?
P&D...and mission accomplished since it was picked up 
.
No volume means it's easy to pump it hard......
. No volume means it's easy to pump it hard......
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