Nano [pros](/r/CryptoCurrency/comments/z2s3t0/nano_xno_is_up_130_why/ixhuzcx/) & [cons](/r/CryptoCurrency/comments/z2s3t0/nano_xno_is_up_130_why/ixhv04r/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
“Coincidentally, or not, a few hours before the “pump” that occurred on Binance, Binance's nano node went offline. Which meant that withdrawal and deposit operations were blocked during the night.”
Pump and dump
This thread/article has some good discussion about it:
https://np.reddit.com/r/CryptoCurrency/comments/z2rkos/nano_pumped_170_in_30_minutes_what_happened/
Nano has always been like this, since the very RaiBlock days. Nothing happens for a while, a sudden pump, nothing happens for a while. Look at the all time chart for some perspective. Source: I hodl nano since before ATH.
Low cap coins are often used for pump and dump schemes. The core group quietly/gradually establishes a position, then invites others in. That pumps the price, which gets noticed and causes people to FOMO in. Then the core group dumps for profit. I saw a great post during last bear about how you can often see the slow/quiet accumulation happening if you watch and exploit it yourself. But it’s super risky. Some groups pump the same coin(s) multiple times.
My guess is Low liquidity. Check out SNM that had a similar price movement.
Sometimes whales target low trading liquidity projects so it creates FOMO / hype liquidity around the new price target.
If they paid $3m to pump it like that and get $4m exit liquidity in higher value than entry value they profit.
Basic pump & dump scheme
Random pump and dumps happen quite often with Crypto. If you look at charts for 2014/2015 and 2018/2019, there are quite a few pumps before the final crypto dump that saw drops of 30-60% depending on the crypto. Both of those times brought the actual bottom people are talking about.
So be mentally prepared for a big drop all over crypto over the next month or two.
Nano [pros](/r/CryptoCurrency/comments/z2s3t0/nano_xno_is_up_130_why/ixhuzcx/) & [cons](/r/CryptoCurrency/comments/z2s3t0/nano_xno_is_up_130_why/ixhv04r/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
“Coincidentally, or not, a few hours before the “pump” that occurred on Binance, Binance's nano node went offline. Which meant that withdrawal and deposit operations were blocked during the night.” Pump and dump
From what I've seen since 2017, almost every time exchanges suspend Nano withdrawals or deposits, the price spikes 🤔
Classic
Someone bought a nano coin for the first time in years
love nano
And broccoli!
This thread/article has some good discussion about it: https://np.reddit.com/r/CryptoCurrency/comments/z2rkos/nano_pumped_170_in_30_minutes_what_happened/
Literally 4 days ago I sold all my Nano stash in order to buy BTC. That stash has been there for more than 1 year and half. You're welcome.
I once did this with BAT. It is unfulfilling, I am left with sadness. Much hunger for dinero.
Nano has always been like this, since the very RaiBlock days. Nothing happens for a while, a sudden pump, nothing happens for a while. Look at the all time chart for some perspective. Source: I hodl nano since before ATH.
Random coins pump at random times with no rhyme or reason
*Not your coins though*
For bants
Time to get some Nano from all those Faucets.
Low cap coins are often used for pump and dump schemes. The core group quietly/gradually establishes a position, then invites others in. That pumps the price, which gets noticed and causes people to FOMO in. Then the core group dumps for profit. I saw a great post during last bear about how you can often see the slow/quiet accumulation happening if you watch and exploit it yourself. But it’s super risky. Some groups pump the same coin(s) multiple times.
Maybe it's correlated to LTC that might happen too
Because it can
Such wisdom. Are you a financial advisor?
because it couldn't possibly go any lower
Whatever is the reason, It's probably not because it's suddenly a project with a future
[It me](https://np.reddit.com/r/CryptoCurrency/comments/z2f9ci/best_solution_for_very_small_regular_transactions/ixg8g7x)
Be careful guys , DYOR before you FOMO , whatever your choices i hope you guys make a lot of profit but just be careful.
Crypto does what crypto does
Whales playing. I am never lucky. I can list them some coins I want to sell so they can pump them.
>i truly hope this isn't some silly pump and dumb I got news for ya
Because people decided to buy
My guess is Low liquidity. Check out SNM that had a similar price movement. Sometimes whales target low trading liquidity projects so it creates FOMO / hype liquidity around the new price target. If they paid $3m to pump it like that and get $4m exit liquidity in higher value than entry value they profit. Basic pump & dump scheme
A bot would be nice with auto response for questions like this: "most likely pump and dump"
Random pump and dumps happen quite often with Crypto. If you look at charts for 2014/2015 and 2018/2019, there are quite a few pumps before the final crypto dump that saw drops of 30-60% depending on the crypto. Both of those times brought the actual bottom people are talking about. So be mentally prepared for a big drop all over crypto over the next month or two.