Traders, influencers lick their wounds after vicious Dogecoin dump
A speculative wave is now receding, and more than one trader regrets the ride. After a pump that highlighted the power of crowd mania and meme magic, Dogecoin has tumbled nearly 40% in a retreat from $.06 Friday highs, falling as low as $.033 this morning. For the influencers and Wall Street Bets refugees who joined in on the rise — many of whom were taking their first ride on what’s known to be a notoriously volatile chart — the price action reversal has been especially harrowing. Doge doing what it does best, welcoming people into crypto with a huge slap in the face.....
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Two conspiracy theorist influencers have caused a lot of investors to lose crypto funds in a pump-and-dump scheme. They presented a portfolio of cryptocurrencies with dubious claims about authenticity and institutional backings. These claims aimed to create enough hype for the cryptos and raise their prices more than they should be. Given that they have […]
After observing some pumps recently, it looks like it’s time to take the dogs out for the dump as both Dogecoin and Shiba Inu record 20% losses in the last three days. Dogecoin Loses 22%, While Shiba Inu Down 26% Since The Memecoins’ Recent Peaks Both the memecoins have enjoyed some big pumps recently as […]
Pump-and-dump in crypto is an orchestrated fraud that involves misleading investors into purchasing artificially inflated tokens — typically marketed and hyped by paying celebrities and social influencers. Educating oneself about the crypto ecosystem is crucial for investors to pursue during a bear market while awaiting a bull cycle. That being said, having a good understanding of crypto investment entails keeping an eye out for fraudulent projects that threaten to drain assets overnight, a.k.a. pump-and-dump schemes.Pump-and-dump in crypto is an orchestrated fraud that involves misleading....
Bitcoin has always been the gold standard of crypto-currencies. As the first decentralized digital currency, Bitcoin attracted attention the world over, and became known for its use on darknet websites and in gambling. In 2013, when Bitcoin was experiencing its first wave of mainstream attention, another cryptocurrency. Dogecoin, rode on Satoshi Nakamoto’s invention’s coattails. Dogecoin quickly became one of the most popular digital currencies, but, after a price crash, the market cooled. In early 2016, Dogecoin increased 600% after two years of sideways price action. It turns out, the....