we cannot deny that everything in this world already exists to regulate and manipulate it... at first, I refused to believe that prices were completely manipulated, but over time if we look at the charts and lethargic markets I am sure that "Pump" and "Dump" are manipulated...
Certain factors like the government intervention to alter the pattern of investment of her citizens and mess made by the Whales are the two factors that can reduce and raise the demand and supply anytime. Of course the price is manipulated in such a system and this is the reason I do not call it a decentralized system with so many influencing factors. This affects the growing market and results in huge loss to those who go for panic selling.