Try randomly pumping coins!
That's right, YoBit announced in a blog post this morning that they would randomly be choosing 10 coins to pump.
And the pump would begin in less than 24 hours...
Check this out:
(Source: https://www.ccn.com/cryptocurrency-exchange-says-it-plans-to-nakedly-pump-random-coins/)
Some specifics:
YoBit announced in a blog post that they would begin randomly pumping 10 coins using 10 bitcoin each.
Which at current prices is only about $63k.
Not a lot of money, but if they target some of the thinly traded microcap cryptos, it could amount to significant price gains.
It wasn't clear which coins they would choose but it is pretty clear it won't be bitcoin (considering they are using bitcoin to purchase) and likely not any of the large cap names either.
As traders see coins start to appreciate quickly they will likely jump on board helping moves prices higher as well.
Then you have short positions get stopped out, and before you know it, you have a significant rally on your hands all started by a lowly crypto exchange hoping to boost its user base.
YoBit currently ranks as the 51st largest cryptocurrency exchange in the world.
They are based out of Russia and it will be interesting to see if any regulators try to step in before this pre-announced pump actually begins.
More about it can be found here:
https://www.ccn.com/cryptocurrency-exchange-says-it-plans-to-nakedly-pump-random-coins/
Who knows, maybe they choose steem! ;)
Stay informed my friends.
Image Source:
https://affiliatebitcoins.com/affiliate-free-bitcoins-review/yobit-net-review/
