The cost of the little-known DUO cryptocurrency has grown 4000 times a day. Twitter user Bitlord 01 believes the price was intentionally manipulated.
The PumpPump & Dump
– is a manipulative gambling scheme with a view to making quick money. The essence of the scheme is an artificial increase in the exchange rate of the currency on the market, the stock exchange with its subsequent collapse, or vice versa: a collapse followed by a rise.
Details & Dump scheme continues to work
Artificially manipulating the price of altcoins is a common behavior of market participants. The rate of the ParallelCoin coin has grown 4000 times in 24 hours. The tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details, which was worth $1, rose to $2200. At the same time, the development team did not post news or comments that could affect the growth in the cost of DUO.
A Twitter social user, Bitlord 01, noted that they used the pump&dump scheme. The crypto-enthusiast added that they manipulated the course even during the formation of the cryptocurrency market. Traders buy all the coins and begin to raise the value. Beginners do not understand how to react and lose money. Bitlord 01 recommended not paying attention to manipulation.
According to coinmarketcap, a DUO coin currently costs $2.53.
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