Why 6000% price growth in just 24 hour on AurumCoin (AU)?

[Thanasis]

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange?

[Cryptoryna]

Have no freaking idea. Maybe con marketcap has been hacked or maybe somebody is pumping this coin very hard. It's very easy to pump the coin especially on such sh#tty exchanges like CoinExchange and Cryptopia. Manipulation is everywhere.

[Pixstxbtm]

Have you considered this may be due to this problem caused by some whales/sharks? Or does this team generate such fluctuations by trading with robots?

[Zontl]

I too today since morning noticed this coin. If I am not mistaken it is in the 23rd place on coinmarketcap. Its price on given minutes is $1 786,33
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.

[cabin]

I too today since morning noticed this coin. If I am not mistaken it is in the 23rd place on coinmarketcap. Its price on given minutes is $1 786,33
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.

I agree with you that the price is not high due to demand but there is a someone or a group of people who are pumping the price so hard and I belive when they get investors to pump into it, they then dump the coin.

[darkangel]

I too today since morning noticed this coin. If I am not mistaken it is in the 23rd place on coinmarketcap. Its price on given minutes is $1 786,33
It does not seem to me it can just be. Most likely it is manipulations at the Cryptohub exchange.

I agree with you that the price is not high due to demand but there is a someone or a group of people who are pumping the price so hard and I belive when they get investors to pump into it, they then dump the coin.

This coin is nothing special. And its price is 1786$, but volume only 6000$. There will not be anyone foolish to invest in that coin now, fake pump and I do not know the meaning of doing this

[vitek146]

WOW!how it can be possible?6000% percent on houror 24h?I think this is mistake and coinmarketcap work in this issue and soon they change price to normal.Or second possible manipulation in small exchange in this volume some people buy and buy and change sell orders more and more price this is can be possible.

[CryptoTamer]

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange?

~ Trading volume is very low
~ Buy orders on all exchanges are much lower than recent market trades
~ Low supply

I think this coin is being manipulated by bag holders, they try to trick newbies into buying this coin

[erox]

Because this is a normal pump, and the coin itself has no value. I think soon she will fall down again. IMHO

[talkbitcoin]

that is just another example of how easy it is to pump altcoins that have a small market. for example in a million years you will never be able to pump ETH 6000% anymore because it is big but you can always every single day pump a small coin like AU 6000% in less than 24 hours and it has been happening every single day because it really doesn't need much volume or manipulation. you easily pump it with a small amount of money.

[styca]

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange?

It's a problem to an extent with all coins, but mostly with very low cap coins. Reported market cap can be extremely misleading.

A hypothetical example:
A coin has a supply of 1 billion coins, with a price of $0.001 per coin, so it has a cap of $1 million.
But the coin has no volume, there is just a single unfulfilled sell order selling 1 coin for $1.
Then someone fills that order, they spend $1 and get 1 coin. So the current price is $1 per coin, there are 1 billion coins, so market cap is reported as $1 billion.

[BADBITCH]

WOW!how it can be possible?6000% percent on houror 24h?I think this is mistake and coinmarketcap work in this issue and soon they change price to normal.Or second possible manipulation in small exchange in this volume some people buy and buy and change sell orders more and more price this is can be possible.

I do not think it’s a mistake because they even moved up so many places to the 23rd positions
And it’s not just normal and is very strange

Maybe an error or price indifferences
Or better still
Something I can’t just comprehend

[kewlc3s]

Pump. Usually it is done by devs, who invest some 1000$ to show how coin is good and perspective.

JUst take a look on volume, 6k during 24h. It is nothing. Just forget coin with no future

[DikkieD]

P&D...and mission accomplished since it was picked up .

No volume means it's easy to pump it hard......

[batang_bitcoin]

LOL.

I saw it too, its now #23 on CMC. This is the typical pump and dump coin, the volume is very low and this can finally be dead if there are people who will feel FOMO and start buying this coin. Listed on few exchanges and there are people who are definitely going to sell at high but are there enough people to buy?

[gabbie2010]

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange?

Maybe the whales has pump in and surely a trap is set up for the gullible ones to buy at the latest price and hoping to see more pump just like xrp in 2017, obviously by the time the whales dump the coin (au) the price will fall below it original price, this is not a popular coin per say I was just wondering how it attained such a massive price within 24 hours.

[CodyAlfaridzi]

Classic Pump n Dump. Their recent daily volume is just ranging in $300-$500, I imagined their order book must be shallow and have extremely low volume so with only a few thousand dollar the price can be pumped. Look at the volume on the day it was pumped, only $5900. That's less than 1 BTC.

I do not think it’s a mistake because they even moved up so many places to the 23rd positions
And it’s not just normal and is very strange

Maybe an error or price indifferences
Or better still
Something I can’t just comprehend

PnD isn't a strange occurrence in crypto.

[rasulibragimavic]

To be honest guys the site is similar to fraud but they have only 300 000 coins . But the growth is surprising. Now 7900%

[anil86ois]

I think , The new currency and small capitalization, the sudden increase or sudden drop is very easy to happen with AurumCoin the number of low education with a BTC, it is very easy

[carlisle1]

Have no freaking idea. Maybe con marketcap has been hacked or maybe somebody is pumping this coin very hard. It's very easy to pump the coin especially on such sh#tty exchanges like CoinExchange and Cryptopia. Manipulation is everywhere.

Lol just because one shitcoin got pumped meaning coinmarketcap has been hacked?

Are you newbie to cryptocurrency world and know nothing about the pumping and dumping that happening here?for how many times we have seen this capitalist attitude that will invest for short in what they wanna pump