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Author Topic: The Cardano one day charts look suspicious!  (Read 85 times)
jamesashmore1964
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July 04, 2018, 09:29:05 AM
Last edit: July 04, 2018, 09:53:43 AM by jamesashmore1964
 #1

The Cardano one day charts look suspicious!

Does anyone have an opinion!

I have never seen this with Cardano prices before and I follow the prices daily!

I am adding this: It was listed on eToro about a week ago and I am not pointing fingers but someone is washing trading it to increase daily volume numbers!

https://coinmarketcap.com/currencies/cardano/#charts

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JungleBadman
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July 04, 2018, 09:35:31 AM
 #2

I think its just a case of low volume leading to spikes in prices when people buy decent sized amounts. It could be something more sinister like wash trading although i'm not really sure. Coinmarket cap probably isn't the best source to use for charts as I think it takes an average of multiple exchanges and will be hard to identify individual market manipulation.
jamesashmore1964
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July 04, 2018, 09:40:00 AM
 #3

I think its just a case of low volume leading to spikes in prices when people buy decent sized amounts. It could be something more sinister like wash trading although i'm not really sure. Coinmarket cap probably isn't the best source to use for charts as I think it takes an average of multiple exchanges and will be hard to identify individual market manipulation.

I have my thoughts but I need to see what others say-looks sinister as you say-Thanks for the input!
GussyBang
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July 04, 2018, 09:42:39 AM
 #4

What do you mean suspicious? Manipulated?
ibrahimovic89
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July 04, 2018, 09:43:00 AM
 #5

Actually I see nothing suspicious. This is an altcoin that I like so much that I also keep a large amount of it
jamesashmore1964
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July 04, 2018, 09:50:21 AM
 #6

Actually I see nothing suspicious. This is an altcoin that I like so much that I also keep a large amount of it

Cardano has never gone up and down one cent like that in the past!
talkbitcoin
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July 04, 2018, 09:59:36 AM
 #7

all i see is another normal situation with another altcoin which was being pumped and dumped. right now there is nothing going on except for a tiny pump that increased the price a tiny bit and that was the small volume rise that you saw.

Cardano has never gone up and down one cent like that in the past!

it is going up and down a lot every day. and specially 6-7 months ago when it was pumped from $0.1 to $1.0 and then dumped back down to $0.1

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jamesashmore1964
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July 04, 2018, 10:05:20 AM
 #8

all i see is another normal situation with another altcoin which was being pumped and dumped. right now there is nothing going on except for a tiny pump that increased the price a tiny bit and that was the small volume rise that you saw.

Cardano has never gone up and down one cent like that in the past!

it is going up and down a lot every day. and specially 6-7 months ago when it was pumped from $0.1 to $1.0 and then dumped back down to $0.1

Well, you would not want to put a market order in when a bitch is doing this. The up and down is short duration and is about 5-8 percent!
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July 04, 2018, 10:19:55 AM
 #9

The Cardano one day charts look suspicious!

Does anyone have an opinion!

I have never seen this with Cardano prices before and I follow the prices daily!

I am adding this: It was listed on eToro about a week ago and I am not pointing fingers but someone is washing trading it to increase daily volume numbers!

https://coinmarketcap.com/currencies/cardano/#charts


I don't see anything suspicious from Cardano charts, it just shows a higher volatility than the previous weeks but It's still normal and I don't think it is caused by someone who washing trade because listed in eToro is good news and maybe that's affecting market conditions

GreatTHINKER
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July 06, 2018, 09:01:21 PM
 #10

In this thread the original poster has mentioned a company and has gave own opinion that the companies day chart is suspicious to the poster. The pattern of the market and the price fluctuation of coins will change as new investor and crypto currencies are entering the market daily. Yet the possibility of suspicious activity exists, the investors should stay alert of scamming companies.
anushkasachith888
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July 06, 2018, 09:04:48 PM
 #11

Will Cardano hit $2 by the end of this year?
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July 06, 2018, 09:40:05 PM
 #12

I adore this project but we shouldn't expect fast money. It's a basic coin which has a good team focused on great partnerships in the business field. I believe, this coin's worth purchasing! Shocked

bellmen08
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July 07, 2018, 04:09:49 PM
 #13

Cardano is being in top 10 for many days. In different websites it is being showed. Gradually people are getting inspired to invest in this currency.
DannyMarco
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July 08, 2018, 06:16:56 AM
 #14

This is not suspicious. The cryptocurrency market is always fluctuating. This is just normal fluctuations, not any manipulation.
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July 08, 2018, 06:27:18 AM
 #15

I think its just a case of low volume leading to spikes in prices when people buy decent sized amounts. It could be something more sinister like wash trading although i'm not really sure. Coinmarket cap probably isn't the best source to use for charts as I think it takes an average of multiple exchanges and will be hard to identify individual market manipulation.

Coinmarketcap is just a place where synthesizes transaction volume from all whole exchanges that are trading that coin. So, it doesn't show exactly fluctuation of that coin on each separate trading exchange, because each trading exchange has a different transaction volume. You are trading at which exchange, you'd better see chart at there

DavidBolster
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July 09, 2018, 05:55:23 AM
 #16

If something looks fishy or suspicious, we need to do a full investigation on it. This could be done by checking the news affiliated with the crypto currency market. We can also check the internet too to validate the authenticity of the news. There are different forums and platforms where such news can be discussed for clarification.
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July 15, 2018, 12:31:00 AM
 #17

Personally i am not agree with the term of suspicious. But there are some altcoin fall in this suspicious. That’s why i suggest you before invest you need to research about these coins.         
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