In the world of Bitcoin and cryptocurrency, there are multiple pump-and-dump schemes to be found every week. Mainly smaller coins are often pumped to inflate the price, in the hopes of getting other people to buy in. Unfortunately, there is often a lot of hype associated with any major pump, regardless of whether it is relevant news or not. We have seen quite a few pumps in recent weeks, and the following ones stood out.
6. Vertcoin
One of the many smaller altcoins to integrate Segregated WItness goes by the name of Vertcoin. On paper, there is no real reason to sue this cryptocurrency over others, by any means. However, some people are trying to drive the price up, and one VTC is worth nearly US$1 at the time of writing. That is quite a jump in value, considering VTC was valued at roughly US$0.25 a few weeks ago. Someone is definitely pumping the value.
5. CloakCoin
It has been extremely quiet where CloakCoin was considered for quite some time. A few days ago, the value per coin suddenly started going up, despite there being very little trading volume. One CLOAK is valued at US$3.83 now. There is absolutely no reason to use CloakCoin, other than from a privacy perspective. Then again, there are multiple major cryptocurrencies offering similar – and sometimes better- technology to achieve the same goal. It looks like CloakCoin is a clear pump-and-dump, although it is too early to tell what might happen.
4. BitcoinDark
It is not hard to see why people think of BitcoinDark as a pump-and-dump scheme. The currency is trying to ride Bitcoin’s coattails on the way to success. It is one of the many – futile – attempts to bring more privacy and anonymity to Bitcoin. In fact, it uses its own blockchain, removing any potential ties with Bitcoin in the process. Every BTCD is worth US$65.65 right now, which is massively overvalued, to say the least.
3. Primecoin
When Primecoin initially launched, a lot of people got excited because it provides a bit of a novel concept. To this very day, there is no reason to actually use Primecoin, other than from a speculative point of view, though. Primecoin has seen its market cap grow to over US$10.7m, despite having no real use cases. Once again, a clear example of someone trying to pump the price and looking to dump on investors getting caught up in the frenzy.
2. Digibyte
Although a lot of people would rather not see Digibyte on the list, it is impossible to deny the currency is getting pumped hard right now. Many people still believe there is a Minecraft deal, which is not the case. Nor did Digibyte win the Citibank tech challenge, which is somewhat of a shame. In fact, there is no real reason for one Digibyte to be worth what it is today, and the trend is already showing signs of reversing. The Digibyte team is working on some amazing technology, yet they do not hinge on the success of DGB as a currency.
1. Stellar Lumens
It is a bit difficult to quantify the use cases for Stellar, albeit they are quite similar to Ripple and their XRP asset. It appears Stellar is trying to compete with Ripple in developing technology and a currency for the financial sector. There are some key differences between both projects, as we highlighted before. Over the past few weeks, the value of Stellar Lumens has been pumped to US$0.05. That is rather remarkable, considering a large amount of XLM is distributed free of charge. Stellar has some partnerships with banks, but it is not even close to the same level Ripple is at right now.
If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.
“a large amount of XLM is distributed free of charge”. Can someone tell me how is that?
Don’t forget Bitshares
they have rounds to give away to current bitcoin owners, they just took a screenshot oon 6/26/17 and you can claim free ppl lumens unless you have ur btc on coinbase.
lol XPM is the true BTC
Like!! I blog frequently and I really thank you for your content. The article has truly peaked my interest.
Thank you ever so for you article post.
I really like and appreciate your blog post.
I always spent my half an hour to read this web site’s articles or reviews daily along with a mug of coffee.
bookmarked!!, I like your blog!
Weepo app tells you the ratio of males to females at a bar prior to there
Some bars may not be worth your time if you are after to meet ‘the one’.
But there is good news for those who want to guarantee there will be a good chance of meeting a man or woman.
manufacturer new app, described as Weepo, Allows users to look for the male to female ratio at a given bar or club before heading out, Instead of finding out the hard way when you buy there.
even though women enjoy a good ‘Ladies’ Night’, For those seeking to find a man, There is nothing worse than arriving at a bar learn it is inundated with females
described WEEPO? Weepo is a dating app that gives users a chance to meet and chat with others, Based on where they are intending to going that evening.
The app shows you who else can a venue, Giving an overall ratio of men or women attending.
when you’ve found a venue with a ratio you like, The app allows you to swipe through the individual profiles of individuals that are going there.
Weepo is a dating app that gives users a chance to meet and chat with individuals, Based on where they are preparing to going that evening.
The app shows you who else on the app almost certainly a venue, Giving an overall ratio of both women and men attending.
the next thing found a venue with a ratio you like, The app allows you to swipe through the individual profiles of other people who are going there.
If two internet marketers match, these people can chat on Weepo, With the knowledge that they may meet when they reach the venue.
mr Roy Lugasi, Co head honcho of Weepo, Told The ny Post: ‘With these runners other apps, You have research a conversation where it takes two or three days to meet up.
RELATED ARTICLES last 1 Next
Is your phone always running out of power? exceptional reveal. Why women are better at international dating: professionals say they.
Weepo, and that free to download, established four months ago, Andcurrently serves up 50,000 targeted prospects, 80 per cent of might be in New York.
regardless of this, Some people don’t seem to be sold on the app, such like Felix Nunez, which in turn tweeted: ‘Weepo app takes away the excitement of meeting new guys new.
They say that in comparison, Women are usually more conscious of their own attractiveness to other users and approach fewer people.
The study found major behavioural differences between male and female users in the event of contacting potential partners.
‘We found that males like to send a lot of messages to sexy female users, But it doesn’t get a lot seniorpeoplemeet.com reviews of responses,’ these Zhai.
brand but by product potential matches, The research shows that women take their own attractiveness into consideration, Whereas men are more unaware to this.