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Dominika_Koks (OP)
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September 13, 2018, 05:51:13 PM |
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The cryptocurrency market is very volatile and some cryptocurrencies experience sharp spikes of 1000% and more in a day. But they all come to naught or very little in the end. It is called a pump on the market slang.
Here are several indicative traits that can help you to identify a pump and distinguish it from an uptrend.
1. No fundamental reasons
The absence of any objective reasons for the growth of a token while it still shows impetuous growth is a very standard sign of a pump. On developed markets sharp quote moves often happen when some important political or economic statement is made or something important happens, which is the opposite of information vacuum of a pump.
When a pump occurs it means that a small group of people influence the market regardless of all fundamental factors. So, check the news briefly, if you see there is starting to form a rapid rise on a coin’s chart, before opening a buy order. It will not make you miss a trend.
2. Candlestick with a long upper shadow and small body
The nature of a pump is in a sharp rapid growth that subsides very fast and changes for an equally sharp fall. On the daily timeframe that is usually characterised by a candlestick with a very long upper shadow and a relatively small real body. The body usually remains bullish but very small.
3. Low capitalisation
Pumps on the cryptocurrency market often happen to low capitalisation assets. They are easier to manipulate because the volume of each order is bigger in relation to an asset of a smaller capitalisation than in relation to one with a bigger market cap. Thus every order is more impactful on the asset with a lower capitalisation.
It you look at the price moves of hundreds and thousands of percent over the interval of 24 hours to seven days, you will see that they rarely exceed $10 million.
On the screenshot is demonstrative data of the trade of BaaSid on the upper line and of Mindexcoin on the lower line taken from CoinMarketCap on September 13, 2018. As you can see, 24 hours’ trade volumes are quite ridiculously low whereas the coins were able to add 96% and 82,5%.
How is an uptrend different?
The uptrend is usually the opposite of a pump in both fundamental and technical respects. Here are some common features of an uptrend:
1. Positive fundamental background;
2. Highs and lows alternate in an even ascension forming a channel (4h to daily timeframes);
3. High trade volumes;
4. Technical support level off which a trend starts its move.
We hope you will find this material useful.
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Macestorsher
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September 13, 2018, 05:55:34 PM |
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Greetings everyone! Do you build a centralized crypto PayPal or will it be decentralized and smart contract driven? That's what's going to happen anyway. If this is a fully centralized service I do not see it's longterm viability. Could you talk about your plans in that regard?
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September 14, 2018, 08:10:40 AM |
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Greetings everyone! Do you build a centralized crypto PayPal or will it be decentralized and smart contract driven? That's what's going to happen anyway. If this is a fully centralized service I do not see it's longterm viability. Could you talk about your plans in that regard?
To begin with, I advise you to visit our platform) Thank you!
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Shaver-Biti
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September 14, 2018, 08:15:04 AM |
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Can not wait for the alpha release of the platform. It will help the business a lot, because it will show what the true potential this business has. As already said there is massive money in the intermodal industry and they really need solutions for their logistic problems. If done right (and I beleive in the team) it could be a revolution in that field.
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September 14, 2018, 08:18:19 AM |
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I see that lately, managers are not actively responding to people's questions. so I think that it is worth asking the question not here, but go to the TV-chat of this idea and there learn all the necessary
Hello, I am here. Can i help you?
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September 14, 2018, 09:02:48 AM |
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Can not wait for the alpha release of the platform. It will help the business a lot, because it will show what the true potential this business has. As already said there is massive money in the intermodal industry and they really need solutions for their logistic problems. If done right (and I beleive in the team) it could be a revolution in that field.
The beta version of the platform has long been functioning https://neironix.ioIf you have any questions, I'm ready to answer)
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William.Nia
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September 14, 2018, 09:14:00 AM |
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Hey, What I like the most is the ability to integrate your token with almost any e-commerce website or in-store merchant.Was this already tested and if it was can you give any links or results or tests?
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kardanoleg
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September 14, 2018, 10:14:28 AM |
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The main principle of building ratings Neironix is to reduce the share of expert estimates and increase the impact of the values of the algorithmic and methodological components of the rating?
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Dominika_Koks (OP)
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September 14, 2018, 10:41:14 AM |
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Did you know? The main distinctive principle in the Neironix rating system is the reduction of expert opinions and a greater focus on algorithmic and methodological components in the rating. We believe that it will make the ICO and blockchain-related market more transparent and will help to obtain a better vision of the future sustainability and prospects of projects.
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Dominika_Koks (OP)
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September 14, 2018, 10:42:19 AM |
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Did you know? The best risk managers of our world took part in the design of Neironix investment risk assessment methodology. We want to note particularly the contribution made by Aleksey Sidorenko, a member of international associations of professional risk managers (G31000, PRMIA and GARP) and the author of a textbook on risk management for Australian Securities Exchange.
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Dominika_Koks (OP)
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September 14, 2018, 01:10:09 PM |
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Did you know? Neironix is already a fully operational and scalable business. In October, 2018 Neironix will start working as a commercial enterprise. Neironix is getting ready for commercial use and will launch payed services in October, 2018. The payed subscription will include in-depth analytics for different groups of users.
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Dominika_Koks (OP)
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September 14, 2018, 01:25:10 PM |
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Did you know that Neironix uses a complex approach toward investment risk assessment based on no less than 75 dynamic risk-related factors. The system will be monitoring the project through the public sources mentioning the projects. The objects of assessment among others will include the public opinion, competitor analysis, roadmap, White Paper and the project's team.
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Dominika_Koks (OP)
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September 14, 2018, 01:26:32 PM |
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The approach Neironix practices in its ICO scoring allows to adequately picture the investment attractiveness of ICO projects and blockchain startups. That allows potential investors to better understand the objective performance of one or another project and its future potential.
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Dominika_Koks (OP)
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September 14, 2018, 01:27:33 PM |
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Did you know? The main distinctive principle in the Neironix rating system is marginalisation of expert opinions and a greater focus on algorithmic and methodological components in the rating. We believe that it will make the ICO and blockchain-related market more transparent and will help to obtain a better vision of the future sustainability and prospects of projects.
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Dominika_Koks (OP)
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September 14, 2018, 01:34:15 PM |
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Did you know? According to ICO bench expert evaluation Neironix has been rated 4.7 out of 5. This is quite a remarkable rating for our project. Still, there is some room for perfection.
We thank the ICObench experts for a high assessment and for your confidence in us. The high expert assessment of Neironix on ICObench is another motivation for us to live up to the high standards we have put for ourselves. You can see Neironix on ICObench by following this link: https://icobench.com/ico/neironix.
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Dominika_Koks (OP)
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September 14, 2018, 04:05:09 PM Last edit: September 14, 2018, 04:56:19 PM by Dominika_Koks |
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Did you know that in 2019 Neironix will be generating a profit? That income will be coming from advertising on our platform and from payed subscriptions for our analytical data on ICO projects. That income will allow us to become more financially self-reliant and cover our internal expenses during our work.
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Dominika_Koks (OP)
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September 14, 2018, 06:20:01 PM |
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Did you know? We have just started negotiations with Bloomberg and Reuters on providing analytical information on the cryptocurrency market.
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