In this week, I have see most ICO tokens crowdsale ended from May until July and listed on Bittrex exchange has pumped x2 the lowest price (in last month) or higher than in this week. Some tokens on other exchange has pumped like them, example: Bitquence, InsureX ...
Anyone in this forum know the reason make this situation? Thanks for answer!
Two reasons which comes to my mind only:
Being bought by some whales for the reason to increase its price
Next, people do bought it already for its price to increase
This is just a basic thing but its one of the reasons why do price increase, Its just simple that it do already have some demands. Good for those people who do buy on dips.
I understand the price of ICO tokens in this week increasing to high price because some whales control the price.
But what is reason make them do that? Want create trap and make trader sell their Altcoin (potential)
The financial possibility of a successful project yesterday is in good shape, the second thing is because most coin prices that pump 2x when they enter the market the price is very plummeted
Well this is one reason make the price of ICO token increasing, some token just recovery to base price as Monaco, Civic.
