The Currency Analytics
By Steven Anderson
An unusual and suspicious pump and dump scam are seen in the trading pattern of Chainlink. This is considered to be an attempt to manipulate the cryptocurrency price.
Pump and dump is a kind of microcap fraud where an asset type with a low price is manipulated by high volume purchases by a group of coordinated buyers.
Victor Fang, CEO of AnChain.ai, stated, “We are confident that our research is illustrative of artificial market manipulation as it involves a small number of addresses…
Every token goes through an effect when it starts trading on a new exchange. When it comes to moving forward, due diligence is required to sustain the ecosystem moving…
Whether mass adoption has taken place is a matter of debate in the cryptocurrency space. Experts have their say about mass adoption and its start.
The start of mass adoption occurs when banks, giant retailers, social media, and tech giants are involved in investing in the crypto.
Mass adoption is specific for use cases. There is a difference between mass adoption as a payment method and mass adoption as a store of value.
While we are not anywhere near mass adoption, we have passed the point of collective awareness. Majority of the people have at least heard of mass adoption.