Quote from: googs84 on June 24, 2018, 07:25:31 AM

Quote from: bardio808 on June 24, 2018, 06:30:30 AM

That's OK but what is volume exactly? If only 704 USD traded in 24 hours over a 2M USD cap then how can it pump the value of the coin by more than 1.5x?

Because the pump that is being shown here is for 24 hours only. When we say volume has risen by 166% for 24 hours then it is in regards to a day before prices. The graph tells us that one day before this pump occurred the volume was down to 166%. The initial value was less than 166% than the current volume.

Its easy to pump that high because the value of the coin is already very less, plus the market of 2 M is almost nothing and can be manipulated with tiny factions like 700 bucks here.

Also, the circulating supply is very low here. This means with 700 bucks more demand was created while supply being less it pumped lot.

Thanks for the detailed explanation and sorry to say that but i still don't completely get it. At 1.000.000 USD market cap how a 700 USD difference can pump the price by 166% and the market cap to 2.000.000? I know market capitalization is not market depth but even then it seems way off to me.
And that 700 USD is not even neccessarily buys but it sums the amount of the entire circulation, right? Like 350 sells and 350 buys?

bardio808

Posts

Merits