Hey Guys,
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.
Image:
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.
Image:
Those are the fake projects which pump and dump using fake volume with high price at start, they will have some initial own funding and they show as they sold coins bla bla bla and they start selling and buying themelf at high price
and will manipulate the market then follow the sheeps with fomo shits , only 1-2% who gets in early might be lucky and rest they start selling and exit
This is a typical pump, during which scammers select a dead coin in advance, buy it, and then, through various sites and channels, report that at a certain time there will be a sharp jump in price, thanks to which it will be possible to earn. This usually ends up with the price going up, scammers selling their coins sharply, and the rest of them losing money.