Is the encryption price manipulated? Official Trump tokens and others increase eyebrows
According to Coinranking’s data, at least 12,799 new coins were listed last year. At least nine tokens, including MBX, Modalai, MCC, and NILA alone today, officially entered the market. Many people think that the launch of new cryptocurrencies in the market is a positive signal. To some extent, this is true and actually reflects the growth -oriented characteristics of the cryptocurrency sector. However, questioning the reliability of the way the price of a new token is set, Capital’s Arthur Cheong argues that the project team and market manufacturers often work secretly to manipulate the token prices. I know more and wonder! Keep reading!
Is the encryption price artificially controlled?
Arthur CHEONG, the founder of Capital, says there is a serious problem with the cryptocurrency market in the X Post.
His main argument is that the project team and market manufacturers often work secretly to manipulate the token prices.
Price manipulation is a serious problem. If the price of the token is manipulated, it will be difficult to analyze the exact analysis that affects the market.
In order to make a wise market decision, a trader or investor must have a clear idea of the factor affecting the market.
How is the CEXS: ALTCOIN market that turns blind eyes?
Arthur argues that the exchange in the center argues that there is no interest in solving the problem of this market manipulation. While criticizing the centralized exchange, which turns blindly on this problem, the founder of justice Capital indirectly blames the exchange that plays an important role in this problem.
According to Arthur, this problem allows you to enter a lot of low -quality reliable assets into the Altcoin market.
Since the beginning of this year, the total market cap of Crypto, except for the top 10 creecto, has fallen more than 38.33%. During this period, Altcoin’s market cap decreased from $ 1.34T to $ 961.7B.
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New encryption listing market scenario: Overview
In the past year, almost 12,799 encryption tokens have been listed according to coin lake data. In the last 30 days, almost 778 encryptions have entered the market. Today, at least nine new cryptocurrencies have been listed alone, including Magaby, Modalai, Meshchain AI and NILAM Resources -Mind Wave.
One of the most sensational token releases of this year occurred at the end of January, when the official Trump token was released as the opening ceremony of $ 6.54 at the end of January. A few hours after the launch, the token price surged to the highest point of $ 72.62. The current official Trump price is $ 8.05. In the last 30 days, the market has decreased 33%. In the last 24 hours, the market has decreased by more than 3.9%.
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FAQ
For example, there are fake purchases/sales walls, internal price prices, pump and dump systems, and market manufacturers.
Nobody completely controls encryption, but developers, market manufacturers and central response exchange can greatly affect token behavior.