The wave of cryptocurrency is looming around the trading world, and here, pump and dump groups have emerged to be super controversial. In this space where fortune can be made or lost within a blink of an eye, these groups can be intriguing. Ignoring the prices of various cryptocurrencies, these crypto pump and dump groups have attracted a large number of investors.
However, with these groups getting so popular, there has been a rush in the market. Today, you get endless groups. So, which one should I choose? In this article, we will unwrap the best 5 crypto pump and dump groups that will change your fortune.
What are the pump-and-dump groups?
With trading branching out into new streams, there has been a surge in the popularity of online groups. Different types of groups have turned out to be the doors to quick profits for investors. Among this huge crowd of groups, pump and dump crypto groups have grabbed the limelight. But what are these pump and dump groups, and how do they actually work?
Let us simply explain the workings of these groups. In this case, a group of traders artificially inflates the price of a certain cryptocurrency. This tempts unaware investors to dip their funds and join the rally.
Pump and dump groups depend on manipulation and speculation, which carry considerable risks despite the appeal of quick rewards. However, for individuals who have good money management and risk awareness, there may be benefits hidden within the risks.
Crypto pump and dump groups basically operate on social media platforms. While these groups are open to all, anyone can jump into them.
Usually, at the apex of the pyramid are the group administrators. Then, on the next level, comes a group of highly privileged investors who get notifications of possible pump-and-dump moves ahead of everyone. Because of this, they are able to buy the asset at a discount and sell it at a profit—far before the price starts to decline.
Find below the best pump and dump channels arranged based on the highest to lowest subscriber count.
The post 5 Best Crypto Pump and Dump Groups appeared first on CoinGape.
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