Quote from: tk808 on February 24, 2019, 07:14:23 PM

Quote from: abonarea on February 24, 2019, 07:02:39 PM

It is easy to fake the volume anywhere but not easy to maintain the value of any token artificially. You need liquidity on daily basis just to sustain any specific price the higher the price the more money need to be burnt. After seeing today's dump in BTC market which didn't affect UTNP means this price is backed by real support according to my limited knowledge and understanding.

It depends what you're actually looking at, UTNP didn't grow with this recent little spike, it's been losing valuation against ETH and BTC for the 2-3 months, it actually devalued overall with this recent spikes. It has continued to devalued since the P&D that occurred at end of the year, and the first few weeks in January. IDCM didn't help increase value or help decrease it, since it's fake volume is probably entirely reliant on the global average of the other exchanges. Fake volume is fake volume, because any decrease or increase in price, and if not met with equilibrium from other buys and sells in markets, will actually lose money for the exchange (in this case IDCM). So if you averaged all the prices for IDCM in their buys and sells, it would roughly come out equal in terms of BTC and ETH only.

Fake volume is pretty tricky, and there's a lot more that goes into it then what i just outlined. The entire purpose of it is to highlight "demand" or make traders irrational about buying into a coin, thus flowing more funds into a market. Essentially, volume is a gauge of demand for any stock/crypto or etc.

Just because a coin grows in USD value, doesn't mean it's not losing ground. UTNP has gone during January 27th - February 24th (today) from roughly .00000150 BTC to trading at .00000117BTC-120BTC during the recent climbs and even worse for Ethereum from .000045eth to (today) .0000315eth.

So despite the gains on Bitcoin and Ethereum, UTNP has shrunk overall in weight against both market pairs. Despite this, Ethereums/BTCs gains were substantial, so despite this increase, UTNP saw an increase in USD valuation, because it didn't fully devalue against ETHs gains.

Again that's just under a 1-month period, where we've been seeing positive sentiments in the market. You can zoom in infinitely and find any metric you desire in a market.

Markets are not really my concern atm, all these things are short-term, but thought i should point out this statement with what's been occurring.

You are making a good analytics of market. As for me I don't think that crypto market acts as classic one. Everything can change in a day.

We all waiting for some news from Barcelona tomorrow and the next day. Will see.