Pump And Dump Cryptocurrency. The most common scam in the industry is pump and dump. However, all cryptocurrencies are susceptible to pump and dump schemes.
Pump & dump cryptocurrencies with updates. You should be aware that minor altcoins are vulnerable to pump and dump activity, as low prices make it easy for small groups to impact a minor coin’s value. Now don’t get it twisted;
‘pumping’ basically means buying a large amount of crypto (or stocks) in order to artificially increase the price of a specific coin.
The schemes are frequently found on chat applications such as telegram or discord. They are also one of the quickest ways to make a profit. Pump & dump cryptocurrencies with updates. What is a pump and dump?