Alpha Token Dump Prediction 6/20/2019
Alpha Token Dump Prediction
Over the past week $A's price and volume has been steadily increasing. I suspect this to be part of a Pump and Dump scheme.
$A aligns with many other victims of P&Ds:
- Age
- $A is less than a year old
- Market Cap
- $A has a Market Cap of less than $5 million USD
- Price
- The price of $A before pumping started was less than $0.01 USD
Please refer to the image at the top of this post for the following points:
- Just before (left) marker "A" and "C" we can see the beginning of the pumping stage. However, soon after (right) marker "A" and "C" we can see a large volume increase.
- Just before (left) marker "B" we can see more pumping except this time at a much faster pace.
- Just after (right) marker "B" we can see a very large increase in the price. Since there is a gap in CMC's data it is unclear whether or not there was an increase in volume.
Conclusions
The likely hood that Alpha Token is the victim of a P&D is very high based on the data that is currently available. At the time of writing this it is still possible to get in.
Disclaimer
I am not a financial advisor.
I am not responsible for any conclusions you draw from this post.
I am not responsible for anything that you chose to do with your money based on this post.
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