Tag: Pump & Dump

Cryptocurrencies are units of exchange, and they hold value because people decide that they do. While any other currency or asset type does not back others like Bitcoin, stablecoins are backed by such currencies or assets to stabilize them against the highly volatile nature of the digital currency. According to the law of demand, all other factors withstanding, highly-priced resources have less need. Similarly, the law of supply states that the quantity supplied is directly proportional to the price. Therefore,…

Pump and dump schemes are quite common in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making some quick profit, they are quite risky. New crypto investors don't know much about these schemes and often fall prey to the scams.  Trading in cryptos is already risky as it is, and therefore, it helps to know what to avoid and how. In this article, we will delve…