Alpha Token Dump Prediction 6/20/2019

in #altcoin5 years ago (edited)

Alpha Token Dump Prediction

Over the past week $A's price and volume has been steadily increasing. I suspect this to be part of a Pump and Dump scheme. 


$A aligns with many other victims of P&Ds:

  • Age
    • $A is less than a year old
  • Market Cap
    • $A has a Market Cap of less than $5 million USD
  • Price
    • The price of $A before pumping started was less than $0.01 USD


Please refer to the image at the top of this post for the following points:

  • Just before (left) marker "A" and "C" we can see the beginning of the pumping stage. However, soon after (right) marker "A" and "C" we can see a large volume increase.
  • Just before (left) marker "B" we can see more pumping except this time at a much faster pace.
  • Just after (right) marker "B" we can see a very large increase in the price. Since there is a gap in CMC's data it is unclear whether or not there was an increase in volume.

Conclusions

The likely hood that Alpha Token is the victim of a P&D is very high based on the data that is currently available. At the time of writing this it is still possible to get in.


Disclaimer

I am not a financial advisor.

I am not responsible for any conclusions you draw from this post.

I am not responsible for anything that you chose to do with your money based on this post.

Sort:  

Congratulations @tau3! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!