Pump. Usually it is done by devs, who invest some 1000$ to show how coin is good and perspective.
JUst take a look on volume, 6k during 24h. It is nothing. Just forget coin with no future
Topic: Why 6000% price growth in just 24 hour on AurumCoin (AU)? - page 3. (Read 530 times)
WOW!how it can be possible?6000% percent on houror 24h?I think this is mistake and coinmarketcap work in this issue and soon they change price to normal.Or second possible manipulation in small exchange in this volume some people buy and buy and change sell orders more and more price this is can be possible.
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
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?
It's a problem to an extent with all coins, but mostly with very low cap coins. Reported market cap can be extremely misleading.
A hypothetical example:
A coin has a supply of 1 billion coins, with a price of $0.001 per coin, so it has a cap of $1 million.
But the coin has no volume, there is just a single unfulfilled sell order selling 1 coin for $1.
Then someone fills that order, they spend $1 and get 1 coin. So the current price is $1 per coin, there are 1 billion coins, so market cap is reported as $1 billion.
that is just another example of how easy it is to pump altcoins that have a small market. for example in a million years you will never be able to pump ETH 6000% anymore because it is big but you can always every single day pump a small coin like AU 6000% in less than 24 hours and it has been happening every single day because it really doesn't need much volume or manipulation. you easily pump it with a small amount of money.
Because this is a normal pump, and the coin itself has no value. I think soon she will fall down again. IMHO
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?
~ Trading volume is very low
~ Buy orders on all exchanges are much lower than recent market trades
~ Low supply
I think this coin is being manipulated by bag holders, they try to trick newbies into buying this coin
WOW!how it can be possible?6000% percent on houror 24h?I think this is mistake and coinmarketcap work in this issue and soon they change price to normal.Or second possible manipulation in small exchange in this volume some people buy and buy and change sell orders more and more price this is can be possible.
I too today since morning noticed this coin. If I am not mistaken it is in the 23rd place on coinmarketcap. Its price on given minutes is $1 786,33
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.
I agree with you that the price is not high due to demand but there is a someone or a group of people who are pumping the price so hard and I belive when they get investors to pump into it, they then dump the coin.It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.
I too today since morning noticed this coin. If I am not mistaken it is in the 23rd place on coinmarketcap. Its price on given minutes is $1 786,33
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.
I agree with you that the price is not high due to demand but there is a someone or a group of people who are pumping the price so hard and I belive when they get investors to pump into it, they then dump the coin. It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.
I too today since morning noticed this coin. If I am not mistaken it is in the 23rd place on coinmarketcap. Its price on given minutes is $1 786,33
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.
Have you considered this may be due to this problem caused by some whales/sharks? Or does this team generate such fluctuations by trading with robots?
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.
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?
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