Topic: Zugacoin vs bitcoin. - page 5. (Read 759 times)
Obviously, this is a pump-and-dump coin which was the decisive strategy of the scammers to lure investors to buy their coins. The Seller and the Buyer are the same person and they are just making this scenario to make the newbie investors that their coin is expensive but in reality, they are just sugar-coating their coins and it is not really expensive because it has no liquidity to start with. I wish everyone consider taking their time to research before jumping into that kind of investment in order to prevent themselves from becoming a victim of such scams, they are the trend nowadays though.
In fact, I've heard of some coins whose prices exceed the price of Bitcoin, but I'm not interested in knowing the name of the coin. I thought, this is the coin I heard about at the time. Well, this proves that a large price is not a benchmark for beating bitcoin. Additionally, I think this coin is overpriced, even for an unknown coin. I assume that not many will be interested in such a coin, and we can see that its very high price in the past has become a waste. in fact, it may just be a bubble created to attract new investors.
Never heard of it before, lol. Seems like it was artificially pumped and rug-pulled at some point, it had that huge price just for a few months. The rest is just a low red line.
I have never heard of it as well. It is an artificial pump and this is common in the altcoins market wherein the project owners do something like this to get the attention of other investors that are looking for quick cash grab. Those that have been victimized by this will have hard time in recovering their money and it will be stuck on this token. People should just stop comparing Bitcoin with any random altcoin that don't have a name yet. Having a high price doesn't mean that it can beat Bitcoin. Comparing it to the stability and influence of Bitcoin in the market, there is no doubt that no matter how many times it's been compared to many altcoins because of their prices, it is still the most preferred cryptocurrency of the majority.
So, if you see the same coin as zugacoin, there could be other developers that might try to do this to get easy money from fool and gullible investors.
I have never heard about this coin, while I agree that nothing can replace Bitcoin I am not sure why it is being compared with a pump-and-dump coin. I went ahead and checked this coin listing on coinmarketcap and found out that in 2021 it did pump. I guess it was because in 2021 we were having a bull run and at that time Bitcoin was creating a new ATH. That might be the reason this coin pumped to 200k level in the month of June. For now, I do not see good volume so it looks like this coin was used to trap innocent investors with the belief that it would pump more. In all probable scenarios looking at the present price, the founders have sold their coins and left it.
We can't compete any cryptocurrency or shit coin with the King. King always be a King. If it has touched the highest value but you will see that it never compete Bitcoin in Market cap.
In the past I saw only one coin which was trading above the Bitcoin in value that was YFI. But in market cap only the King is Bitcoin. But now we can see that YFI trading at $8300. But we still can not compare it with Bitcoin even We can never compare any coin with Bitcoin.
Any coin can trade in higher value but In usability we no coin can compete Bitcoin. And this childish Idea to compare these shitcoins like Zugacoin with Bitcoin.
In the past I saw only one coin which was trading above the Bitcoin in value that was YFI. But in market cap only the King is Bitcoin. But now we can see that YFI trading at $8300. But we still can not compare it with Bitcoin even We can never compare any coin with Bitcoin.
Any coin can trade in higher value but In usability we no coin can compete Bitcoin. And this childish Idea to compare these shitcoins like Zugacoin with Bitcoin.
So what do you guys think was the cause of suden dip of zugacoin?
What was responsible for the sudden dip? Well, it wasn't meant to be up there in the first place. The ATH you saw was a glitch. Sam Zuga cleverly scammed church-believing and ignorant investors with his Zugacoin. Most of those who invested weren't even interested in researching what was in the white paper of the shitcoin. I knew it was going to end as a scam from the beginning. The signs were glaring. For one, people should steer clear of any crypto project that oozes religion. Cryptocurrencies and religion don't go hand in hand. Anyone who tries to market a project to you and highlights or tells you the developers/creators/teams are christians or Muslims, know it's a scam waiting to happen.BTW, it's abominable to compare Bitcoin with Zugacoin.
I have come to the conclusion that no matter what happens, bitcoin still remain the father of Crypto currency. As at the year 2021 zugacoin was the most expensive coin in the history of Crypto currency, which worth beyond the price of bitcoin at about $285,677 clamouring for $450k then. I was thinking that how possible is it that a coin could be over expensive compeard to the first Crypto currency? But today I went to check if the price of zuga has met it target, but only to discover that it's just worth noting less than $1 at about $0.157 this made me believe that bitcoin still remain the Head.
So what do you guys think was the cause of suden dip of zugacoin?
https://www.google.com/url?q=https://coinmarketcap.com/currencies/zugacoin/&sa=U&ved=2ahUKEwi4yLKF5eWCAxXVWEEAHVMjAbsQFnoECAcQAg&usg=AOvVaw2n-vhuwGX1HVeNEDuyzyga
Sudden dip of over 2 years long? Reason is that it was an obvious scam that no one had heard of. So what do you guys think was the cause of suden dip of zugacoin?
https://www.google.com/url?q=https://coinmarketcap.com/currencies/zugacoin/&sa=U&ved=2ahUKEwi4yLKF5eWCAxXVWEEAHVMjAbsQFnoECAcQAg&usg=AOvVaw2n-vhuwGX1HVeNEDuyzyga
Reason why it was "expensive" is an easy trick. Anyone can make a token with price movenent like that. Just distribute token you are making to your own walelts, trade them in dex from wallet to wallet to create fake volume. If you want more volume, choose a chain that has cheap tx fees. Keep doing that and some newbs see it as a real legit token they buy into. Remove any of your own liquidity if you had any and and start selling. If people panic sell their tokens to you in dirt price, you can do it once again. After you get bored, just slowly leave the project.
I have heard of this Zuga coin like once or twice for being overpriced and a bubble waiting to burst but never saw it in any of the exchanges, and the same think happened. As you have tried explaining Bitcoin cannot be compared to any other coins and moreover these coins which are pumped just to be rug pulled, this is not the first such coins and there are other coins with good marketcap and listed on exchanges like Binance couldn't sustain then how come Zuga coin even had a chance. I am talking ab out YFI which touched $95000 during it's peak in May 2021 is trending at $9k now even after being a coin which was adopted by users had a good volume. It's upto people that they should learn from the past and shouldn't jump into suspective coins.
I wonder how much the volume was when it has reached that crazy price. Because this is the obvious manipulation that happens to a specific token. It's only listed on one exchange and the volume now was completely dead together with its price. I think this was all done by the developers that made them attracted a lot of fools that have rode the hype that they've made. When it's projects like this that goes as high as they can, it's just a crazy pump and dump scheme made by the devs. Look now, it's almost dead.
Happens more often than you may think, of course no to these extremes, but low supply coins usually go really high in their first bullruns, if you look at zuga total suply in the cmc link you will likely find something stupid like 1 or 2 tokens or maybe even a "0.X" total suply
That would explain the overinflate price
That would explain the overinflate price
Never heard of it before, lol. Seems like it was artificially pumped and rug-pulled at some point, it had that huge price just for a few months. The rest is just a low red line.
I have come to the conclusion that no matter what happens, bitcoin still remain the father of Crypto currency. As at the year 2021 zugacoin was the most expensive coin in the history of Crypto currency, which worth beyond the price of bitcoin at about $285,677 clamouring for $450k then. I was thinking that how possible is it that a coin could be over expensive compeard to the first Crypto currency? But today I went to check if the price of zuga has met it target, but only to discover that it's just worth noting less than $1 at about $0.157 this made me believe that bitcoin still remain the Head.
So what do you guys think was the cause of suden dip of zugacoin?
coinmarketcap.com
So what do you guys think was the cause of suden dip of zugacoin?
coinmarketcap.com
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