Post
Topic
Board Speculation (Altcoins)
Re: Recently added coin
by
kryptqnick
on 14/02/2018, 20:55:54 UTC
Did recently added coin always moon for a short time ?

For example on CMC the last added coin JS just did 1110 %

https://coinmarketcap.com/currencies/jesus-coin/

Well, it did moon but it's still #340 in market capitalization. It's trading volume is a bit less than $200k. I believe, such coins can easily be manipulated and don't reflect any general tendencies of the market or make things better here. Ucash, on the other hand, had more than a million dollars trading volume and was in top-25 in marketcap (it's in top-50 now). Now that is pretty strong and rather surprising, since the project is not strong, support is low and only one exchange has the coin listed. I still don't get how things like this are done.