Hi everyone, I've been trading on Poloniex for a while, but I'm new to this forum.

Do you think that the price of crypto-currencies is primarily dictated by conglomerate trading groups or whales?

The price spikes and dumps oftentimes bear absolutely no correlation to the latest news or updates to the crypto.

This can be especially seen in when a crypto that's had no news/updates for a while inexplicably increases in value, like Siacoin today.

Maybe I'm just a total newbie and I don't mean to inspire a defeatist attitude, but I'd like to hear your thoughts.