I am trying to analyze what causes some coins to rise in price more than 10% in one day, while no announces actually happen.
1. It does not look like a pump and dump, since the price is growing gradually during the day, not in one minute and not dumping quickly.
2. There were no news on Twitter, media or coinmarketcal.
I will provide couple of examples:
1. DODOBTC - Today - 16 July
2. DODOBTC - 11 July
3. DODOBTC - 6 July
4. EPSBTC - 15 July
My best guess is that it has to do with some technical analysis that causes whales to start buying and this is causing some chain reaction, however this is just a guess.. Would love to hear your opinions.
Just simply when low cap coins will really make out such percentage volatility yet it can move out on bigger ranges because it do lack liquidity or volume.Do move without any news?Of course if someone
had been trading on that particular coin then its just understandable that there would be some movements without any news that do happen in the market.They wont really be getting one in the first place
unless if its really a potential or good project on where the team behind is really making out some good updates or progress then it could be also one of the reason and remember that
touching shit coins is very risky but its your choice if you do deal with that.