Etheera (ETA), a relatively unknown token with a current market cap of $73 million has recently witnessed a staggering 43,000 growth in value since the beginning of November.
Billing itself as the "future of real estate," Etheera claims to allow people to purchase and rent property using cryptocurrency.
The website appears to be playing on the recent news by featuring a 'market cap' section of its website, which pretty much exists to boast about the recent change in the ETA market cap.
With the ETA token price recently growing from almost nothing to $0.012 within a 14 day period you might expect that things are looking up for Etheera. The truth however, is a little more complicated.
We would like to note that despite the sudden increase in token value, trade volume has not increased drastically. The way coinmarketcap generates its market cap valuations isn't always accurate. In this case, taking the last sale price of the token and multiplying it by its circulating supply gives us it an unreasonable market cap.
However, with such an extremely low trade volume, typically under $25,000 per day, it is quite easy to skew the market cap with a few large buy orders, particularly between several accounts looking to artificially inflate (pump) the token value.
Because of this, we do not recommend investing in Etheera, as looks can be deceiving.
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