Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?
One of the factors of price volatility of cryptocurrency is the law of demand and supply. Alternative Coins price varies with these law, when the supply is low and demand is high, then technically, the price will go high. That in inverse in the different way either. So in connection with the whales, these persons have power through money which they can totally but a lot of altcoins when the market in on correction or dip. And with that action they have, market price and capitalization will totally go up because as what we know, they are whales. This could be the truth, but we do not know that yet.