Which cryptocurrencies are most commonly targeted for sniping?

3 answers

• Mar 18, 2022 · 3 years ago
  Sure! When it comes to sniping, some of the most commonly targeted cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA). These cryptocurrencies are popular among traders due to their high liquidity and volatility, making them attractive targets for snipers.
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• Mar 18, 2022 · 3 years ago
  Well, sniping is a strategy that involves placing trades quickly to take advantage of price discrepancies. In the world of cryptocurrencies, snipers often target coins that have low market capitalization and trading volume, as they are more susceptible to price manipulation. So, besides the well-known cryptocurrencies like Bitcoin and Ethereum, smaller altcoins with promising projects and lower market caps are also frequently targeted for sniping.
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• Mar 18, 2022 · 3 years ago
  As an expert from BYDFi, I can tell you that snipers often focus on cryptocurrencies that have upcoming events or announcements, as these can cause significant price movements. Additionally, coins listed on popular exchanges like Binance, Coinbase, and Kraken tend to attract more snipers due to their large user bases and trading volumes. However, it's important to note that sniping is a risky strategy and requires careful analysis and timing.
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