Not exact matches
Here's the decision maker: pump»n' dumpers need to target
coins with a low
market cap and reduced trading volume in order to be able to manipulate the
market with fairly
small amounts of money.
And though the platform will start off limited to cryptocurrencies with large
market caps, the co-founders would also like to expand the infrastructure to support
smaller assets, such as tokens sold during initial
coin offerings (ICOs).
And while he's got exposure to the main digital
coins, he likens the digital tokens being issued in upcoming ICOs to
small -
cap stocks — high growth potential coupled with high risk — making them an interesting way to play the cryptocurrency
markets.
While the bulk of a portfolio should ideally be composed of the
market - leading
coins and tokens such as bitcoin, ether, litecoin, monero, and ripple there is always space for a few
smaller coins that have the potential to multiply in value faster than their large -
cap counterparts.
The altcoin bloodbath may finally be nearing its culmination, but
small -
cap coins will likely spend the next quarter in «purgatory» as they await a late - summer bull
market.
It was a time when every
coin had a
small market cap and currencies such as Peercoin and Feathercoin were sent to the moon on Btc - e before plummeting into the abyss.