Altcoins News

Story: Pump and Dump Crypto Market Manipulation and Bearish Price Trends of Alts

By Dan Saada

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The halving of Litecoin happened on August 05, 2019 and the block rewards for miners is at 12.5 LTC.  The trading volume is seen at $3.044 billion.

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Despite few days of strengthening the price of the Litecoin is down by 2.72%.  LTC has shown some unprecedented moves and it touched $99 for a moment.

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Cardano has shown a 5% slump from $0.056 to $0.053%.  This week has been very slow for almost all cryptos.

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On Tuesday the price of NEO has been down at 5.5% and this reversed the 0.92% fall which happened on Monday.

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Stellar Lumens is planning for a business venture and it is expected for Stellar Lumens to hover near $0.2 by the end of year 2019.

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Paolo Ardoino, Technical director of Tether recently tweeted:  "@Tether_to is working with an exchange to perform a swap from Omni to ERC20 of part of its USDT cold wallet.

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Tether is also considered by one of the well-known Twitter crypto analyst to be one of the major reason behind the bull rally of Bitcoin from $4000 through $13,800.

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Will Harborne, Ethfinex founder stated, “When you see a large Tether print it means a handful of wealthy clients have essentially preordered batches of Tethers, days in advance,…

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Several people continue to opine that Tether has a peculiar method of injecting USDT in to the market, which is a kind of market manipulation. They call it a bit of pump and dump.

The Currency Analytics

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