Best Way To Catch Altcoin Pumpers and Dumpers By Expert Researchers

Akhilesh Agnihotri
Akhilesh is an engineer and research subordinate working with thecoinrepublic.com as a part of the research team and do research work on Cryptocurrency and Blockchain. His curiosity in research and writing brings him to thecoinrepublic.com, He believes writing is all about expressing the thoughts with words and spread information backed by well-researched work.
  • Researchers in the recent report by the “Sapienza University of Rome” has come up with a report called Pump and Dumps in the Altcoin, Bitcoin era.
  • An identification is made of a total of eight pumps and dump groups. The most popular being the Trading Crypto Guide, Big Pump Signal, and focused on Binance.
  • According to the report, a small group of admins organized into a hierarchy mostly manage the pump and dump groups.

While it is difficult to manipulate the prices of Bitcoin or any other crypto assets, investors in small altcoins have racked a way to overcome traps. This is in accordance with the new research findings. A recent report by the “Sapienza University of Rome” has come up with a report called Altcoin Pumpers and Dumpers in the Altcoin, Bitcoin era.

The basic findings of the reports suggest that to reap the benefits of the fluctuations occurring in the so-called market buy orders. It is when the investors want to buy quickly with whatever price is offered.

Pumpers and Dumpers Phenomenon

Researchers in the recent report by the “Sapienza University of Rome” has come up with a report called Pumpers and Dumpers in the Altcoin, Bitcoin era. By looking at the amount of information published along with the mentioning of price, it is possible to predict when a pump and dump scheme will start.

According to the findings, the algorithm by them does it quite instantly than any other solutions presently accessible.

The real-time detector used by the researchers has significantly outperformed the speed of detection from 30 minutes to a mere 25 seconds.

An exchange is worthy enough to detect pumpers and dumpers scheme way better than any other external observer. The researchers have taken the time of July 2017 to January 2019. While doing so they have identified a total of eight pumps and dump groups. The most popular being the Trading Crypto Guide, Big Pump Signal, and focused on Binance.

The Altcoin Pumpers and Dumpers Groups 

According to the study, these groups generate almost to the tune of a million dollars. The Big Pump Signal being the most popular with over USD 7 million with each operation.

Also, there are several smaller groups operating. The YoBit, Cryptopia, Bittrex with a generated pump ranging from hundred USD to half a million USD for each pump.

According to the report, a small group of admins organized into a hierarchy mostly manage the pump and dump groups.

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