I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.
Even the big exchange like Bit-Forex also created a fake volume on some coins.
I think they want to attract some trader to trading on their place, using fake high buy and sell orders.
I'm sure this fake volume is 100% bot because they will move to higher price or lower price when you try to make an order.
I wanted to correct that also, it is not peculiar to small exchanges, big volume exchanges do that now, The bear market is responsible for a lot of abnormalities and is why they claim the dominance of bitcoin could be close or above 90%. You will be surprised to see it also on decentralized exchanges. The order will be so small and you will be surprised with the amount of sale they claimed they make every day. I dont see it go soon but some channels like CMC may adjust the measure to give better and precise information on the market at large