Pump and dump schemes are relatively popular in the cryptocurrency industry these days. It’s very common to see coins soar for no reason and crash the next day. In particular, these regular pumps have become a useful trading strategy among market participants. Here are some of the top coins that have been pumped up this weekend.
Prosperity (PROS)
Prosper is the best performing cryptocurrency on Saturday. According to Binance, PROS tokens have skyrocketed by more than 30%, making it the best day.
Prosper is a very small cryptocurrency. With a market capitalization of only $ 1.1 million, it is the 1820th largest cryptocurrency in the world, according to CoinGecko data.
Backed by Clover, Ava Labs, Chainlink and Bonded Finance, Prosper is a blockchain project in the prediction market. It is built using the BNB chain. Predicting the direction of asset trends helps crypto traders and analysts make money.
It’s like a betting platform backed by smart contract technology. One of its biggest features is that you have predictive insurance that uses PROS coins. Still, prices can fall quickly due to the lack of a major catalyst.
Read reviews The best cryptocurrency exchange..
Quants (QNT)
Quant is another cryptocurrency on the market this weekend. Coin prices have risen by more than 25% in the last 24 hours, with a market capitalization of over $ 1.1 billion. It is the 51st largest cryptocurrency in the world.
Quant is a blockchain project aimed at providing an interoperable ecosystem and real-world solutions to most people. This project is primarily aimed at corporate customers such as banks and insurance companies.
These companies can use their technology to create their own payment networks, digital currencies, capital market solutions, and compliance products. For example, you can use this product to build stablecoins. The recently launched Overledger 2.10 could increase prices.
BurgerCities (BURGER)
BurgerCities is one of the most popular cryptocurrencies among people involved in pump and dump schemes. This is a cryptocurrency worth over $ 150 million. This is a blockchain game product that helps people play multiple games in the Metaverse.
Burger prices on Saturday rose by more than 25%. This rally is primarily due to the recent integration of iZUMi into the protocol. This is part of the growth of the DeFi protocol network, including integration with PancakeSwap, Biswap, BakerySwap and more.
In addition to BurgerCities, Quant, and Prosper, other cryptocurrencies pumped are MFT, WING, FIDA, and Unifi.