Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours?
Are they scam or legit? Thanks.
There are different reason for this.
- Low supply and can be easily controlled and manipulated.
- Coinmarketcap data is wrong, sometimes the tokenmetrics submitted to them are different or got mistake resulting to so bullish when someone bought a coin
- Always check the volume chances are the price is not real and just being played by bots
Those projects are never heard. Probably those are shitcoins and I advise you to stay away from those coins. Nothing will do better than to trade a legit coin. 1k gains is possible but it must be organic.