Post
Topic
Board Altcoin Discussion
Re: After 50% hike in Two weeks, Matic dropped 70% in Minutes
by
romanij
on 19/12/2019, 06:03:57 UTC
Well that's happens when a shit coin enters pump and dump i suggest that avoid this kind coins since it may not recover anymore and this will lead to huge losses in investors and to those still believe with this coin, i think you should sell this before it finally dies a lot of pump and dump coins are already dead and removed in exchanges.
Matic was one of the potential altcoins that had recently been sold in Binance, and this type of fall was an unexpected change. This shows us that we should not even trust Binance. Well if an exchange like Binance didn't know that Matic was a pump-dump coin, how could the majority know? Or Binance was aware of it and shutted up for profit.

Most likely Binance knew perfectly well that this would happen. Therefore, after this incident, the exchange said that the developers are not involved in this and in addition said that they will manually control the price reduction. This makes doubt all the principles of this exchange. Matic very much brought down its price and if in the near future the price will not recover and will continue to decline then this project will be a certain Scam and most likely we will need to think about cooperation with the Binance exchange.