Specific crypto trading certainly also applies to a community, the people who believe in the currency are important from a marketing point of view, because it is necessary to advertise in order to sell the currency and it helps enormously if an active community spreads the gospel. The Reddit page, which is often mentioned on CoinMarketCap under the Social Media tab of the coin page, is important to keep an eye on. Here, coin developers regularly hold Q & As and the community is passionate about future developments and published articles.
Manipulating the market
Finally, it is good to look at the availability of the currency. View the list of different exchanges under the Markets tab on the coin page. Compare the available exchanges with the volume: if the coin has a relatively large volume and is only available on a few (small) exchanges, it is attractive for an exchange to offer the currency. Following the neuer capital Crypto trading platform review you can find the options open.
An exchange actually earns from the transaction costs between the different trades, and a lot of volume means a lot of circulation and therefore a lot of trades. Certainly if a large exchange suddenly offers the currency, this can have major consequences for its price. A good example is the Monero currency, which shortly after the legalization of exchanges in South Korea suddenly rose from 50 dollars to nearly 150 dollars.
Earn with crypto currency
The lower the volume of a coin, the easier market manipulation can occur in various forms. Trading takes place via buy and sell orders, which end up in an order book. Someone with a lot of a certain coin can manipulate the price by, for example, placing a giant sell order, just above the current asking price. This makes it seem as if the coin will never exceed the asking price, since it would be sold in one go in large quantities (also known as a ‘sell wall’), causing the coin to plummet.