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I don't think its the pumping groups which are pumping alts like SOL or AXS or SAND. Those coins have large market caps and I just don't think they got enough capital (even with leverage) to be able to pump an altcoin like that. Those groups they generally pump some really dead low volume altcoins. Traders see that it went up 100% in 24 hours and they go chasing it, however thats usually when the pump groups get out.
I think when these coins get pumped its usually some large whales behind the moves. Sometimes they got some insider knowledge that is reviled a few days later and you can clearly see that it got leaked. However its crypto so most likely no regulation into that. So thats when the retail people buy the alt coin and thats when it starts to drop all of a sudden.
That's true but I was mostly talking about the profit part, meaning if you want to make quick profit from trading altcoins there are dozens of them being selected every day to see massive pumps. There is no need to sit on some arbitrary shitcoin hoping for the big rise.
I speculate Solana will be the next big smart contract platform after Ethereum and Binance smartchain.
The only reason why ETH got big was because it suddenly provided an easy way for scammers to create garbage and sell it for millions. This is not something that can be repeated which is why all the subsequent smart contract platforms couldn't become big even those that don't have the fundamental flaws of shitherium.
Binance coin is also hyped because there is a multi million company pumping it and creating incentive for the users to buy this centralized altcoin.
... in any case we are now going off-topic
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