Post
Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
whatever61
on 16/08/2021, 17:11:12 UTC
When a coin is low cap coin or, when the liquidity is low and thin or, when the coin is not well distributed and large chuck of the supply is in few hands, it will be easy for such coin to be manipulated! Just few dollar buy, will increase the market price. And the opposite is also true for such coin i.e a few dollar sell can crash the market price!

I don't think that's the case, since these are coins listed on Binance with volume around 100BTC. I am sure there are even higher that have the same behaviour.

I can see lots of trades during that day, not just couple of trades that moved the price..