See another manipulation of a new project, the coin is called greenex (gnx). From September 18 2021 the coin was selling at $0.93245. The coin increased to $422.42 on October 5 and decrease the following day back to $0.0009702 from $422.42. the coin ever since that time has been very low.
https://coinmarketcap.com/currencies/greenex/
I see this as a bump and dump coin, many people can see the coin increasing and invested but not knowing the coin will start to decrease the following day. Can you imaging what $10000 can turn to if invested when the coin turned $400 and it dumped that way, it will remain less than $0.0245.
This is one of the risk in investing on new coins and tokens, they are gambling.
Some people have cultivated the habit of gambling with new cryptocurrency projects and they will always take all this risk because the still many out there that believe that crypto is a get rich quick investment but you cannot get this with the old establish coins but these new crypto projects and regardless of how many happen, you will still see new investment the next day, that's the crypto world. https://coinmarketcap.com/currencies/greenex/
I see this as a bump and dump coin, many people can see the coin increasing and invested but not knowing the coin will start to decrease the following day. Can you imaging what $10000 can turn to if invested when the coin turned $400 and it dumped that way, it will remain less than $0.0245.
This is one of the risk in investing on new coins and tokens, they are gambling.