Which cryptocurrencies are most susceptible to pump and dump manipulation?

3 answers

• Dec 28, 2021 · 3 years ago
  As an expert in the field, I can tell you that small-cap cryptocurrencies with low trading volumes are often targeted for pump and dump schemes. These coins are easier to manipulate due to their lower liquidity and market capitalization. It's important to do thorough research and exercise caution when considering investing in such coins. Look for projects with strong fundamentals and a solid community behind them to minimize the risk of falling victim to pump and dump manipulation.
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• Dec 28, 2021 · 3 years ago
  Well, let me break it down for you. Pump and dump manipulation is more likely to occur in cryptocurrencies that have a small market cap and low trading volume. These coins are easier to manipulate because a large buy order can significantly impact their price. So, be cautious when investing in lesser-known coins with low liquidity. Stick to more established cryptocurrencies with higher trading volumes if you want to avoid falling prey to pump and dump schemes.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that smaller altcoins with low market capitalization and trading volumes are often targeted for pump and dump manipulation. These coins are more susceptible to sudden price spikes followed by sharp declines. It's crucial to stay vigilant and conduct thorough research before investing in any cryptocurrency, especially those with low liquidity. Look for projects with strong fundamentals and a dedicated community to minimize the risk of being caught in a pump and dump scheme.
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